LOAN TURNED DOWN DUE TO LENDER OVERLAYS

WAS YOU LOAN REJECTED DUE TO LENDER OVERLAYS?

Were you turned down during the loan process due to a lender’s overlays?  These are so common that most otherwise qualified borrowers tragically find out midway in the loan process their loan is denied due to the wrong lender selection.  Even realtors do not realize the amount of deals they lose as a result of overlays.

 

WHAT ARE LENDER OVERLAYS

Lender overlays are the additional criteria above and beyond the minimum loan requirements for which a borrower is applying. Overlays can include property types, debt-to-income ratios, number of trade lines, time on job, down-payment sources, gift limitations, time since a short sale/bankruptcy/etc., all can be considered as overlays.  Another lender overlay is the misconception that you cannot flip a home to an FHA buyer with fewer than 90 days seasoning if the increase is more than 20%. This is simply not true. You can flip a second home with only 10%.

We are direct lenders with wholesale FHA program and rates without overlays and junk fees.   If we decide not to carry the loan ourselves, we partner with strategic wholesale lenders so we can offer you the best possible service, at the best rates, while ensuring the approval process is as smooth and efficient as possible.

newsletter-banner.jpg

We are a fully approved FHA direct lender in Florida offering FHA Loans, VA Loans, USDA Loans.  We can assist you with your next home loan or refinance your current primary residence, second home, or investment property.   With a qualified and enthusiastic team of FHA professionals, our company has experienced unparalleled growth. In a time when other independent mortgage companies were struggling, we continued to grow at the annual double-digit growth pace. 

HOURS & LOCATION

Location

1st Florida Lending Corp

dba / www.fhadirectloans.com

2151 Consulate Dr. -Suite 8

Orlando, Florida 32837

Loan Inquires:  407-300-2558

Customer Service:  800-344-1995

Fax: 877-401-9955

Hours of Operation

Monday - Friday 

9:00 am to 6:00 pm

Saturday 

11:00 am to 3:00 pm

(by appointment only)

 

Click on the city below to learn more about those cities and home loans and mortgage refinancing  

 

> Orlando Mortgage Loans   > Cape Coral Mortgage Loans    > Coral Springs Mortgage Loans    > Fort Lauderdale Mortgage Loans    > Hialeah Mortgage Loans  > Jacksonville Mortgage Loans   > Miami Mortgage Loans    > Naples Mortgage Loans    > Pembroke Pines Mortgage Loans     > Saint Petersburg Mortgage Loans  > Tallahassee Mortgage Loans   >  Tampa Mortgage Loans    >  West Palm Beach Mortgage Loans    Bradenton-Sarasota Mortgage Loans

Mortgage Lender License / Registration # MLD1069 -  Mortgage Licensing NMLS / ID # 359304 -   

© 2007 - 2019  FHADIRECTLOANS.COM  DBA  1ST FLORIDA LENDING  CORP GROUP   All rights reserved