FHA Mortgages

The Equitable Mortgage Company, a High Mortgage Dealer in Bonita Springs Provides Insights on New FHA Pointers Throughout COVID – Press Launch

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Bonita Springs, FL – Buying a home or refinancing a mortgage loan is a dream that many people chase. However, it can be difficult to find a mortgage broker to support these dreams. At The Equitable Mortgage Corporation, the team understands that every customer is different in terms of their needs, financial standing, preferences, budget and income. Based on all of these, Equitable Mortgage Corporation offers a straightforward and seamless solution tailored to individual needs.

Equitable Mortgage Corporation is focused on customer satisfaction and would like to highlight some changes to FHA mortgage rules during COVID. The latest announcement came in the light of the global pandemic that has affected the country’s economy and the income potential of many people in the United States.

The FHA guidelines have become much stricter recently. The official minimum score is 580 to qualify for a 3.5% deposit and 500 if you have a 10% deposit. However, lenders have the option to set their own limits within FHA guidelines. Several lenders in the Bonita Springs, FL area have set their FICO pass mark at 660-680. At first glance, this seems like bad news, but it only affects around 12% of borrowers. The truth is that 65% of borrowers are looking for a conventional loan and are not affected by this news.

The mortgage experts at Equitable Mortgage Corporation in Bonita Springs, FL will help you process the information above to ensure you are always getting the mortgage solution that is right for your situation.

When announcing the mortgage offering, the mortgage broker representative in Bonita Springs, Florida said, “Some mortgage companies rely heavily on flashy marketing and non-traditional mortgage programs to attract customers. At Equitable Mortgage, we rely on proven mortgage solutions and believe that a happy customer is the best marketing. As a direct lender with in-house underwriting and financing, we’ve simplified the process. The addition of electronic signatures, our Mortgage Always app and the ability to close from the comfort of your own home have made the mortgage process even more customer-friendly. “

Customers who wish to take advantage of the services offered have access to a wide variety of tools as well as experienced loan officers. You will work closely with them to review their current and future financial situation and select the best mortgage product that takes these factors into account.

Customers licensed to customers in Ohio, Florida, Michigan, North and South Carolina, Indiana, Kentucky, Tennessee, Colorado, and Texas have access to a variety of mortgage loan products, including 5% less conventional loans with no PMI, zero down payment purchase programs USDA and VA financing options, FHA delegated 3.5% down payment lender, low down payment jumbo fixed rate loans, wealth depletion program for high net worth customers, non-guaranteed condominiums including new and high rise buildings, VA loans as well First time buyer programs.

Existing homeowners in need of help with mortgage refinancing in Bonita Springs can also contact The Equitable Mortgage Corporation.

Equitable Mortgage Corporation is headquartered at 24301 Walden Center Dr., Division 300, Bonita Springs, FL 34134, USA. Call the office at 239-695-7796 to schedule an appointment, visit the website, or email stevec@eqfin.com for more information.

Media contact
Name of the company: The Equitable Mortgage Corporation
Interlocutor: Steven Calabrese
E-mail: Send e-mail
Phone: 239-695-7796
Address:24301 Walden Center Dr., Unit 300
City: Bonita Springs
Status: FL
Country: United States
Website: https://www.equitablemortgage.com/?utm_campaign=gmb

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