Let's talk Loans

Let's talk Loans

Let's talk Loans

Second Home or Vacation Property

Primary Residence

Commercial Property

Investment Property

What type of Property are you looking to finance?

Learn about Collective Lending Group

QM Loans include FHA, VA, Conventional. These loans must fit Fannie Mae or Freddie Mac Guidelines and are what most homeowners use to purchase their primary residence.

Non-QM Banks offer loans based on 12-24 months of Bank statements, 2 years of Profit Loss Statements, ITIN loans. These are great options for self employed borrowers.

Investment Property Loans include Hard and Private Money, Debt Service Loans for individuals looking to invest in residential real estate.

Commercial loans are for residential properties 5+ units, apartment complexes, office buildings, retail spaces, warehouses, and other special-purpose buildings.

Katherine is unique in she can work with all of these buckets. Learn more about her awesome brokerage by following this link. She  also explaines more about each of these loans below. 

Check out this video to explain the different type of loans

Different Buckets Types of Loan Programs

These loans are Short-Term or Bridge Loans normally used for value add properties like fix and flip transactions.
We will work with new investors too!

Hard/Private Money Bridge Loan

Commercial loans are for residential properties 5+ units, apartment complexes, office buildings, retail spaces, warehouses, and other special-purpose buildings.

Commercial Loans

Investor Loans are loan programs used for fix and flip properties as well as long term rental properties. These can be used on condos, townhomes, and 1 to 4 unit properties.

Investor Loans

VA loans are loans guaranteed by the Veterans Administration. It is available to current members of the US armed forces, veterans, national guard or reserves, serving spouses. 

VA

FHA Loans are loans insured by the Federal Housing Administration. They are especially popular with first-time homebuyers, and allow smaller down payments and lower credit scores.

FHA

Conventional Mortgages are loans backed by private lenders rather than the government. They can be used to purchase a 
Primary Residence, 2nd home, or Investment Property

Conventional

Similar to Bridge Loans  these loans are used for investment properties amortized over 30 years for long-term rental properties. We will work with new investor here too!

HARD/PRIVATE MONEY Long-Term Loans

Conventional (Homestyle) and FHA (203K) options can be used for structural and cosmetic renovations on a primary residence. With both loan types, renovation work may begin immediately after closing.

Renovation Loans

Loan Types

Processing & Underwriting

Find a Home

Pre-Qualifcation

Closing Documents

Final Approval

Move In Day

Appraisal

Process

1. Credit Analysis
This is where we look into your credit to determine the debt portion of the debt to income ratio and eligibility under agency guidelines.
2. Mortgage Application
Includes a summary of personal information such as residential & employment history, monthly income, assets, and liabilities.
3. Income and Asset Review
Determine your affordability and calculate applicable monthly income and review assets such as checking/savings/retirement/etc. 

1. Credit Analysis
This is where we look into your credit to determine the debt portion of the debt to income ratio and eligibility under agency guidelines.
2. Mortgage Application
Includes a summary of personal information such as residential & employment history, monthly income, assets, and liabilities.
3. Income and Asset Review
Determine your affordability and calculate applicable monthly income and review assets such as checking/savings/retirement/etc. 

Not sure where to start to purchase or refinance your home?

We have broken it down into 3 easy steps!

Ready To Start the Process? Follow this link

This is where we look in your realtor. If you are in the Tampa Bay, or Sarasota Area I am happy to help you if you do not already have a realtor. If you are outside of the area I am happy to refer you to an agent we have worked with in the past! 

It's Time to House Shop! 

Make sure you are clear on your burget and Needs vs Wants List!

The bank will verification income and employment once more before closing your loan. Expect a verbal verification of employment prior to your loan being funded. They will verify your account balance and financial history. 
The bank and processing pay request additional documentation or clarification during this step. 

You are under contract and we have submitted your buyer profil and documentation collected during the pre-qualifcation step to the bank!

An appraisal is an expert's unbiased assessment or of your home's current market value based on square footage, number of bedrooms and bathrooms, lot size, location, and condition to nearby homes of similar size and features. The goal of the appraisal is to verify the value of the property for the lender and to protect you from overpaying. The contract is contingent upon whether the appraisal comes in at or above the purchase price. If the appraisal comes back short, we will be back to the negotiating table.⁣

When we move into the Underwriting step, Processing will order the appraisal. 

This means the mortgage underwriter has officially approved all documentation required to fund the loan. All that remains is the actual closing process.⁣

We have final Approval. 

You will receive closing documents 3 days prior to closing that will need to be signed. Normally these come electronically. Once these are signed you will be contacted by the closing agent to scheduled closing.

You will receive closing documents 3 days prior to closing on any primary residence. 

You should bring a photo ID and a cashier’s check to pay any closing costs. Your agent will tell you any other documents specific to your situation.⁣

The closing process is relatively simple, but be prepared for A LOT of paperwork. (And always, always, always ask if you have a question along the way.) The good news is once you’ve signed the last page, it’s time to get a hold of those keys and celebrate!⁣

You have made it to closing Day! Congratulations!

Stretch those fingers and get ready to sign, sign, sign. At closing, the seller will sign ownership of the property over to you, and you’ll sign to receive possession.⁣

Primary Residence

Your primary residence is your home you live in for the majority of the year. This can be a house, condo or townhome, Your primary residence could qualify for a lower interest rate and smaller down payments.

Your primary residence can be homesteaded in the state of Florida and may also qualify for income tax benefits, you should talk to your accountant about. 

Licensed Loan Originator in Florida

Ready To Start the Process? Follow this link

Loan options

Conventional Purchase with as little as 3-5% down - 620 credit score

FHA purchase with as little as 3.5% down - 580 credit score or 10% down with a credit score of 500+

VA 100% financing options

Jumbo purchase with 10% down and no PMI

Rate & Term refinance up to 95%LT

Conventional & FHA cash out refinance up to 80%

Non-QM Bank Statement and Profit Loss Statement loans available for Self-Employed Borrowers

Second Home & Vacation Homes

Some buyers already have a clear vision for their second home before making their purchase, but it’s OK if you’re not sure. Consider your options – it may even change your location. The property may qualify as a second home if it’s rented out for no more than 180 days in a calendar year. You must also reside in the home for either 14 days or 10% of the days the property is rented, whichever is greater.

Licensed Loan Originator in Florida

Start the Process

Loan Options

Conventional purchases with 10% down

Jumbo purchase with 10% down and no PMI

Rate & Term refinance up to 90%LT

Conventional cash out refinance up to 80%

Non-QM Bank Statement and Profit Loss Statement loans available for Self-Employed Borrowers

Investment Property

An investment property is real estate purchased with the intention of earning a return on the investment either through rental income, the future resale of the property, or both. The property may be held by an individual investor, a group of investors, or a corporation.

These properties can be a long-term endeavor or a short-term investment. Short-term investors will often engage in flipping, where real estate is bought renovated, and sold at a profit within a short time frame.

Private Money Options Nation Wide or Conventional Programs in Florida

Want to Learn More?
Schedule a Call

30 Year Amortized

Private Money Nation wide

No Experience Needed

80% LTC on Purchases
80%LTV after 6 months seasoning

Fix and Flip Loans

90%LTC and up to 70% of after repair value for repairs - Experienced Investors

80%LTC and up to 70% of after repair value for repairs - New Investors

Private Money Options Nation Wide

Commercial

Commercial loans are for residential properties 5+ units, apartment complexes, office buildings, retail spaces, warehouses, and other special-purpose buildings.

We work with value add loans as well as longer term options. Call to discuss a specific situation.

Commercial Loan Options Offered Nation Wide

Let's Talk about YOur Commercial Goals!

Loan Programs

Value Add Options


15 to 30 year options


90% LTV Owner Occupied Options


80% Cash Out Refinance Options 

Consultation Call

Schedule a time in Katherine's calendar and dive into what your specific real estate goals are! Katherine is here to help if you are curious to learn how to get pre-approved for your first home or learn about purchasing an investment property.

free 30 minute Strategy

book your call

Katherine Blazer

Realtor, Lender, Investor