1st Financial Ponce De Leon

What Is A VA Loan?

A VA loan is a type of government loan, backed by the U.S. Department of Veterans Affairs (VA).

The VA offers specific guarantees to private lenders that handle VA loans. Because of these guarantees, lenders offer loans that typically feature no down payment to veterans, and they may have less stringent requirements than other loans.

VA Mortgages are considered non-conforming loans because they don’t meet the guidelines of conventional lenders Fannie Mae and Freddie Mac. However, this allows more flexibility for clients to qualify because of their easier credit score requirements. They offer many advantages over conventional loans, including lower interest rates, more lenient borrowing requirements and no down payment due at closing. VA loans also never have monthly mortgage insurance.

If you are a Veteran looking to buy your home please contact us, we have a team of experts that will explain in detail your best purchasing options.

1ST FINANCIAL PONCE DE LEON
1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134
(305) 677-8278
[email protected]

NMLS ID # 2334059

“Conventional” just means that the loan is not part of a specific government program. Conventional loans typically cost less than FHA loans but there could be more requirements to get approved

There are two main categories of conventional loans:

Conforming loans:

Conforming loans have maximum loan amounts that are set by the government. Other rules for conforming loans are set by Fannie Mae or Freddie Mac, companies that provide backing for conforming loans.

Non-conforming loans:

Non-conforming loans are less standardized. Eligibility, pricing, and features can vary widely by lender, so it’s particularly important to shop around and compare several offers.

Mortgage insurance is required for some conventional loans.

For more detailed information please contact us, an experienced loan officer will answer all of your questions and will help you with your approval process.

1ST FINANCIAL, INC . is privately held, well capitalized and relentlessly focused on three simple words: “MOVING YOU FORWARD”.



☆ FHA – CONVENTIONAL – JUMBO - VA
☆ NON QM – REVERSE MORTGAGE
☆ HARD MONEY LOANS

1ST FINANCIAL PONCE DE LEON
1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134
(305) 677-8278
[email protected]

NMLS ID # 2334059

WHAT IS AN FHA LOAN ?
The FHA loan is the most popular government-backed home loan in the country. These low down payment loans are made by qualified lenders and guaranteed by the Federal Housing Administration (FHA).

FHA loans require just a 3.5% down payment for borrowers with a 580 credit score or higher. For homebuyers with less-than-perfect credit, FHA loans offer additional significant benefits. The government backing means average FHA interest rates are typically lower than average rates for conventional mortgages.

Borrowers with credit scores as low as 500 can qualify for an FHA loan with a 10% down payment. Guidelines and policies will vary by lender.

This historic home loan program continues to open the door to homeownership for millions of Americans who might struggle to secure conventional financing.

Please reach out for a personalized attention, our experienced loan officers are ready to help.

1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134
PH: 305-677-8278
[email protected]

NMLS ID # 2334059

What is a loan amortization schedule?

A loan amortization schedule gives you the most basic information about your loan and how you'll repay it. When you take out a loan with a fixed rate and set repayment term, you'll typically receive a loan amortization schedule. This schedule typically includes a full list of all the payments that you'll be required to make over the lifetime of the loan.

How to calculate a loan amortization schedule if you know your monthly payment

It's relatively easy to produce a loan amortization schedule if you know what the monthly payment on the loan is. Starting in month one, take the total amount of the loan and multiply it by the interest rate on the loan. Then for a loan with monthly repayments, divide the result by 12 to get your monthly interest. Subtract the interest from the total monthly payment, and the remaining amount is what goes toward principal. For month two, do the same thing, except start with the remaining principal balance from month one rather than the original amount of the loan. By the end of the set loan term, your principal should be at zero.

Click on the link in BIO to use our Payment Amortization Calculator, then reach out to consult one of our expert loan officers. We will be happy to assist you.

1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134
(305) 677-8278
[email protected]

NMLS ID # 2334059

Is it better to buy or rent a home? Despite what you may hear, there's no single right answer. But, don’t panic—we’re here to help! Read my latest article for details about how to make the best choice for you.

Buy Now or Rent Longer? 5 Questions to Answer. Buy Now or Rent Longer? 5 Questions to Answer Before Purchasing Your First Home Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging t...

It's almost time and we wanted to say it FIRST! . We WITCH you a HAPPY HALLOWEEN!
Best wishes from the 1st Financial Ponce de Leon Family.

☆ FHA – CONVENTIONAL – JUMBO - VA
☆ NON QM – REVERSE MORTGAGE
☆ HARD MONEY LOANS

1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134
PH: 305-677-8278
[email protected]
Office NMLS ID # 2334059

Send a message to learn more

A Sneak Peak inside our office in Coral Gables... Just a regular Wednesday afternoon. All hands hands on deck, getting work done!



1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134
PH: 305-677-8278
[email protected]
Office NMLS ID # 2334059

Please join us in welcoming our newest team member Mr. Anibal Torres. We are excited to have you onboard.



1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134

PH: 305-677-8278
[email protected]

Office NMLS ID # 2334059

Our weekly training day @ 1st Financial Ponce de Leon Headquarters. Our loan officers are always in constant education, keeping up to date with every aspect of the local real estate market to provide our clients with the best of our service.



1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134
(305)-677-8278
[email protected]

NMLS ID # 2334059

Call or visit us today to help you get going with your dream home.

1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134
PH: 305-677-8278
EMAIL : [email protected]

NMLS ID # 2334059

?

A recent survey asked home buyers to name the most difficult step in the home buying process. Can you guess the top response?

Getting a loan? 🏦
Reading through the contracts? 😴
Handing over that BIG check? 💸

The #1 answer was “finding the right property,” and I’m not surprised. In today’s real estate environment, affordable, move-in ready homes are tough to find. And when they hit the market, they go FAST. That’s why it’s so important to be prepared.

Check out my latest Article on LinkedIn : “6 Steps to Finding Your Next Home” --- > https://www.linkedin.com/pulse/6-steps-finding-your-next-home-michael-arbide/?published=t

I hope you find this quick guide helpful and if you have any questions or want to know more of our loan options, pls contact me. I will be very glad to explain to you everything in details.

Michael Arbide
1st Financial Ponce de Leon
NMLS ID #2072296
(305) 609-2261
[email protected]
1701 Ponce de Leon, Suite #206 Coral Gables Fl 33134

This is how we welcome our new team players ! Loan Officer, Anibal Torrez. Welcome aboard ! Celebrations at the Miami Marlins Stadium.

Congratulations to our happy clients and new home owners and also congratulations to top producer, Loan Officer, Felix Anderson for another successful closing. Let’s keep up the outstanding work. 👏👏

Mortgage rates have risen from their pandemic-era lows. That means getting the best rate possible is more important than ever.

If you’re thinking about buying a home, check out my latest article for eight strategies you can use to land a great mortgage rate.

8 Strategies to Secure a Lower Mortgage Rate 8 Strategies to Secure a Lower Mortgage Rate Mortgage rates have been on a roller coaster ride this year, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided when it comes to predicting where rates are headed next.

Wanna join a winner team? at 1st financial Inc, we provide you with Extensive loan Products,
Marketing Support, hot leads !,
weekly trainings, networking opportunities with top real estate agents
and much more !
CALL US NOW !
1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134
PH: 305-677-8278
[email protected]
Office NMLS ID # 2334059

1st Financial Ponce De Leon updated their phone number.

Thinking of become a Homeowner ? 1st time buyer ? or perhaps a second home, investment property ? We have you covered.
Take a look a look at some of the great options available for you.

Call us now for a quick and free consultation.

1st Financial Ponce de Leon

1701 Ponce De Leon Blvd | Suite 206
Coral Gables, FL 33134
PH: 305-677-8278
[email protected]
Office NMLS ID # 2334059