If you’ve dreamed of home ownership in Estero, or elsewhere in Florida, but don’t think your credit score and income are high enough to qualify for an affordable mortgage, think again!
Core Mortgage Financial can help you find a home loan that will fit your financial situation. We have many different loan programs, including exclusive offers for first-time home buyers that simplify the home purchase process.
With our wide variety of loan products, calculators and other tools, and exceptional expertise, Core Mortgage can help make purchasing your dream home possible!
The loan products we offer include:
- 30 year / 20 year / 15 year Fixed-Rate Mortgages
- 10 year/ 7 year / 5 year / 3 year/ 1 year Adjustable Rate Mortgages
- VA / FHA / USDA Mortgages
- Condo Financing with only 3% down payment
- Interest only loans
- Jumbo and Super Jumbo loans up to 5 Million dollars
- Refinancing (even if you owe more than your home is currently worth)
- Foreign National Financing
- Reverse Mortgages
- NO income NO asset mortgages
Choose a Mortgage That Works for You
- Conventional Fixed-Rate Mortgages
Fixed rate loans offer more security and less vulnerability because your monthly payments won’t fluctuate. With a 30-year fixed-rate mortgage, borrowers enjoy fixed monthly payments for 30 years. This may be a great choice if you plan to stay in your home for many years. A 15-year fixed-rate mortgage offers all the advantages of the 30-year mortgage, plus a lower interest rate, and you’ll pay off your home faster; however, the shorter loan duration means your monthly payments will be higher.
- Conventional Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages (ARMs) are mortgages in which the interest rate fluctuates over the life of the loan. The fixed interest rate has a defined term, and then begins to adjust at the frequency defined in the loan (e.g., every one, three, five, seven or 10 years). If the interest rate rises or falls, your monthly payment will also be adjusted up or down to reflect that change. ARMs can be a good option for borrowers who plan to own their homes for just a few years, or who are confident they’ll be able to refinance the mortgage at a reasonable fixed rate before interest rates increase.
- VA Mortgages / Mortgages for Veterans
VA home loans are backed by the U.S. Veterans Administration and are designed to help active-duty military personnel and veterans become homeowners at an affordable cost. These mortgages offer unique benefits that simply can’t be matched by conventional or FHA home loans, such as no down payments, no mortgage insurance premiums, and more flexible qualifying requirements.
- FHA Mortgages
An FHA mortgage is backed by the Federal Housing Administration. These home loans feature less stringent down payment and credit requirements than those for conventional loans. FHA mortgage lending limits for single-family homes in Florida range from $275,665 to $529,000, depending on the county where the home is located, and are calculated and updated annually. FHA borrowers are required to pay upfront and annual mortgage insurance premiums.
- USDA Home Loans
The U.S. Department of Agriculture also offers a 100%, no-down-payment mortgage. The program is most often called a Rural Housing Loan or a USDA Loan. Because of the way the USDA defines “rural”, there are plenty of suburban neighborhoods across the nation, including areas of Estero and Lee County, Florida, where USDA loans can be used. The USDA will assess a 1% mortgage insurance fee on all loans, which can be added to the loan at the time of closing.
- Jumbo and Super Jumbo Loans
If you’re planning to buy expensive property, a jumbo or super jumbo loan is a viable option. Jumbo mortgages are mortgages between $453,100 (in the contiguous United States) and $636,150 (in “high cost” areas) for a one-unit property. Different limits apply to multi-unit properties. Super jumbo residential mortgages or loans are generally greater than $650,000.
Core Mortgage Financial is the right choice when you’re looking to purchase a home! We’ll help you find the loans with the very best rates and terms and easily navigate the entire home loan process.
Our specialists in new home loans are standing by to take your call 24 hours a day and 7 days a week. Call us today at (855) 554-CORE or (239) 514-2674 to find home loans and mortgages at the most competitive rates, or use our online form to learn more about New Home Loan options.
Need a Quote?
Our Loan Specialists will give you the best quote possible and answer any questions you might have.
Get A Quote
- Company Overview Loan Programs
- Homeowner Testimonials
- Core Mortgage Team Blog
- Get a Mortgage Quote
- Contact Information