Mortgage Services

SERVICES | Close With Pam & Tara

Mortgage Services | Close With Pam & Tara

“If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.” — Steve Jobs

Why do you need a mortgage broker to shop for you? Because you need an advocate on your side. You need choices, lots of choices. Choices set up competition, and that is good for you!


Banks can only offer you what they have to sell, but a broker can compare deals from hundreds of banks all over the country. They can organize the information based on your needs—offering you the best terms and the best rate.

Down Payment Assistance

Helping families find their own piece of the American dream.

More and more prospective homebuyers find themselves short on funds needed to purchase a home. The variety of DPA funds available can help clients whether they are first time homebuyers or not, for property types like condos, single family and multi-family homes, with payments most often deferred making affordability possible. Click on the "Find Down Payment Help" link below, complete 17 questions and all available down payment assistance in Florida will be listed for you! Let me know if you are working with a realtor and they will be notified of all programs you may be eligible for! 

Click on the icon below to learn more about available programs.

A logo for find down payment help with a dollar sign and a check mark.

First Time Home Buyers

Imagine the possibilities.

When you decide to buy your first home, it is exciting! You start thinking about bedrooms, yards, garages, neighborhoods, and school districts.


Then you start to wonder about what you can afford? How do you get your home loan financed? What are your mortgage options?


Let Pam take away your worries. She knows how to get first time home buyers Mortgage Ready, so you can buy your first home!

Learn More

Refinancing

Borrower's tend to refinance for three reasons:

  1. Lower the interest rate and payment
  2. Cash out some of the homes equity for improvements, other
  3. So that loan can be paid off sooner

In some situations, refinancing will save you significant amounts of money over the term of the new loan. In other situations, you might be better off keeping your current terms or getting a home equity line of credit or 2nd mortgage instead of refinancing.


Contact Pam today, and I can tell you whether you should refinance now or choose another option.

Contact Pam & Tara

Residential Mortgages

When you borrow money to buy your home, you apply for a residential mortgage. For some, this is an easy process. But for others, it can be painful and lead to rejection.


So, what do you do if you are denied a mortgage? Or some tells you to fix your credit and come back? You get Mortgage Ready!


To help buyers overcome roadblocks that prevent homeownership, Close With Pam & Tara assembled services that are available directly to prospective homebuyers, as well as real estate agents and loan originators. 


Four specific issues hinder clients from proceeding with a home purchase:

Conventional Loans

The best conventional loans are backed by Fannie Mae and Freddie Mac.


Conventional loan terms can be anywhere from 10 to 30 years. The terms can have an adjustable rate or a fixed rate, depending on the type of loan. 3% down conventional loans are even available for 1st time homebuyers with good credit and can even be coupled with down payment assistance!


Conventional loans offer a lot of flexibility when it comes to lending options. Contact Pam today to learn more about what loan type is right for you.

Contact Pam & Tara

VA Loans

If you are a veteran of the armed services and served our country for 90 consecutive days during wartime, 181 days during peace time, or spent 6 years in the National Guard or reserves, you qualify for a VA Loan:

 

  • No money down


  • Only a financed VA Funding Fee


  • 620 credit benchmark

 

  • Easy DTI ratios


  • Seller can pay all closing costs


  • Shorter wait time for bankruptcy and/or foreclosure

VA loans offer incredible terms and rates. Contact us to learn more about other options available to you, or give us a call.

FHA Loans

The FHA (Federal Housing Administration) is a home loan insurer. This insurance allows banks to offer low dowm payment options and better rates because the government is taking on some of the risk.


The FHA doesn’t lend money directly; they insure lenders and protect them against default, which means you get great terms and a great rate.

 

  • Lower credit score requirements


  • Lower mortgage rates


  • Higher debt to income ratios


  • Sellers can can cover 6% of sales price in closing costs


  • 3.5% down payment


  • FHA loans are assumable

Start your application today and see if an FHA loan is right for you.

Start Your Application

USDA Loans

USDA loans provide 100% financing and are specified to rural areas that can be found on the USDA eligibility map. Income restrictions based upon family size do apply.

 

  • Household income must meet certain guidelines


  • Must be located in an eligible rural area as defined by USDA


  • Agree to personally occupy the dwelling as their primary residence


  • Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien


  • 0% down payment

USDA loans offer incredible terms and rates. Contact Us to learn more about other options available to you, or give us a call.

Renovation and Const/Perm loans

Renovation and construction to permitting loans are available to borrowers who are building new homes or significantly renovating an older home. When construction is complete, these loans roll into a traditional mortgage without additional closing costs.

Start your application today and see if a renovation and const/perm loan loan is right for you.

Start Your Application

Non-QM Loans section

Non-QM loans are available for loans that don't meet the standards of traditional qualified mortgages. Non-QM loans use non-traditional methods of income verification such as P&L statements and back statements to help borrowers get approved for a home loan.

Start your application today and see if a Non-QM loan is right for you.

Start Your Application
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