Mortgage Information for Jacksonville and Northeast Florida Buyers

If you’re like most Jacksonville real estate buyers, a home is the most expensive purchase you will ever make. Most buyers will need some form of mortgage financing. There are many lending institutions that offer a variety of mortgage loan products. Mortgage qualification requirements, closing costs, and interest rates can vary widely among lenders. It is important to do your research and shop around to ensure you get the loan that best meets your needs at the best price. We would be happy to refer you to some of the best mortgage contacts in the Northeast Florida area. You can access our Trusted List of Mortgage Lenders for a list of Jacksonville area-based mortgage lenders we have worked with in the past.

There are many different loan products available for all types of buyers and financial situations. FHA loans are available for buyers who lack funds for a larger down payment or have lower credit scores. FHA loans require a minimum 3.5% down payment and with credit scores as low as 580. VA loans are available to qualified military veterans and offer a zero down payment. Conventional loans are available for buyers with larger down payments (5% or more) and higher credit scores. USDA loans offer zero down payments to buyers in rural and more remote suburban areas. Hard money loans are available for properties and buyers that do not meet normal lending guidelines. There are even down payment assistance programs such as the Florida Bond Program for lower income buyers who qualify for the programs. HomePro Realty of Jacksonville will provide you with the tools to find the best lender and get approved for a loan to purchase Jacksonville real estate or real estate in the surrounding communities of Northeast Florida. Buyers can use our Mortgage Terms Glossary that includes 48 frequently used words and phrases you need to know as a home buyer or a homeowner.