
Conforming Programs| Loan Type | Type | Pts/Credit | APR |
| Pay Option Arm | 1.000 | 0.00 | 7.600 |
| 15 YR Fixed | 4.875 | 0.00 | 5.345 |
| 30 YR Fixed | 5.250 | 0.00 | 5.648 |
| 3/1 Arm | 5.750 | 0.00 | 6.179 |
| 5/1 Arm I/O | 5.875 | 0.00 | 6.300 |
| 7/1 ARM | 6.000 | 0.00 | 6.300 |
| 10/1 ARM | 6.125 | 0.00 | 6.430 |
| HELOC | 7.250 | 0.00 | 7.250 |
Jumbo Programs| Loan Type | Type | Pts/Credit | APR |
| Pay Option Arm | 1.000 | 0.00 | 7.800 |
| 15 YR Fixed | 5.875 | 0.00 | 6.179 |
| 30 YR Fixed | 6.250 | 0.00 | 6.432 |
| 5/1 Arm I/O | 6.000 | 0.00 | 6.432 |
| 7/1 ARM I/O | 6.125 | 0.00 | 6.781 |
| 10/1 ARM I/O | 6.250 | 0.00 | 6.685 |
* Rates above are subject to change and credit approval. Certain Restrictions Apply.
Florida FHA Mortgage
FHA Secure Mortgage
Young & Associates Mortgage, Inc., a leading mortgage company in Florida, is currently working with all the major FHA banks to get ready for the new FHA mortgage products under the FHA Secure Program which was set up by President George Bush. Before sub-prime existed people with less then perfect credit relied on FHA mortgages to buy and refinance their homes. Now that the sub-prime mortgages may be a thing of the past people are again turning to FHA mortgages to finance there homes. During the week of February 8 2008 the FHA reached out to 850,000 at risk homeowners who have not been able to meet there current mortgage obligations by letter. These letters are being sent to homeowners who have already faced or are experiencing the first reset of their adjustable rate mortgages, and live within geographic locations that are currently subject to FHA loan limits nationwide. Currently, FHA can insure home loans valued between $200,160 and $362,790.
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We are currently working with many seniors to get a Florida reverse mortgage. If you are over the age of 62 and own a home you may qualify for a Florida reverse mortgage. Florida reverse mortgage is great way for you to start enjoying the rest of your life. You can take a one time lump sum payment, monthly payments or combination of both. We have been helping customers through out the entire state of Florida since 1985.
FHA Mortgage
Thinking of purchasing a home? We can help! You may qualify for a FHA Mortgage that can help you get into the home of your dreams. An FHA home loan is a goverment backed loan that can help you purchase a home with as little as 3% down.
Refinancing?
FHA Home loan financing can also help you get out of that high adjsutable mortgage that you may have. FHA Secure mortgage program was designed to help borrowers that are in trouble or having trouble making there current mortgage obligations.
For more info or to see if you qualify for a FHA Mortgage....Call 1-866-938-0550
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Being a Preferred Florida Jumbo Mortgage Lender, we are able to offer some of the most competitive jumbo mortgage rates in the industry. As one of the few real Florida jumbo mortgage companies in Florida we are sure to exceed all your expectations and deliver a personal and private consultation. We have the ability to fund loans up to $50 million. We are currently specializing Miami home mortgage refinances, Tampa home mortgage refinances, Jacksonville home mortgage refinances and Orlando home mortgage refinances. Call today and ask to speak with one of our Florida Jumbo Mortgage Loan Specialists at 1-866-938-0550. We also provide Florida commercial mortgage loans. Please click link below for more info on all Florida commercial loan products.
Real Estate Products
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Florida Mortgage News
Press Release: FHA and the Future of the Mortgage Industry
Added on: 20 May 2008, 11:38 am
CEO out as Franklin Bank faces SEC probe (BizJournals)
Anthony Nocella has relinquished his job as chief executive officer of Franklin Bank Corp. in the wake of a 10-week internal investigation that the bank holding company said uncovered numerous accounting errors related to residential mortgage loans. (FBTX)
Added on: 20 May 2008, 10:00 am
Positive Projection Of Florida Real Estate (Turks.US)
It is true that the real estate market of Florida suffered a major decline during the last two years of operation. Succinct to say, they are not the only ones who were affected by the major mortgage bust that hit the nation.
Added on: 20 May 2008, 9:13 am
Ranieri's Franklin Faces SEC Inquiry, May Seek Buyer (Update1) (Bloomberg.com)
May 20 (Bloomberg) -- Franklin Bank Corp. , the Texas bank led by mortgage bond pioneer Lewis Ranieri , may seek a buyer after an internal probe of lending practices led to the removal of a top executive and sparked an inquiry by federal regulators.
Added on: 20 May 2008, 8:08 am
The U.S. Recession Hits Home -- in Mexico (BusinessWeek Online via Yahoo! News)
In better times, the money Martimiano Pineda wired back to Purechucho from roofing jobs in Florida coated his dirt floor with cement and paid for a home computer. Now, as the subprime mortgage crisis slows housing construction in the U.S., Pineda, 40, struggles to find work and can barely send enough money to his family in Mexico to buy the yogurt meant to help his 5-year-old son grow up strong.
Added on: 20 May 2008, 2:56 am
Obama faces uphill climb in courting Florida voters (The Palm Beach Post)
Democrats and Republicans agree on at least one thing about presidential hopeful Barack Obama: He's got some work to do in Florida. |
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