Mortgage
Source offers the most complete range of financing options
in the industry. Whether you are looking for a Conventional,
FHA, or VA loan, or one of the many other types of mortgages
now available Mortgage Source has a product to meet your needs.
CONVENTIONAL:
We offer quick approvals and great rates on conventional financing.
Our full-line of conventional loans includes 30, 20 and 15
year terms on fixed rate, low rate ARMs and special portfolio
products. Loan-to-values range from the traditional to no
down payment loans up to 103% of the sales price. Computer-aided
underwriting allows us to provide faster approvals requiring
less documentation than traditionally underwritten loans.
PIGGY-BACKS:
Our loan officers can show you how to avoid paying mortgage
insurance by combining a first and a second mortgage up to
95% LTV. In many instances this will significantly reduce
the monthly payment and it will make these dollars tax deductible.
Ask your MSI representative about this and other PMI solutions.
EXPANDED
APPROVALS: One of the most recent developments in the
mortgage field, expanded approvals offer a middle ground between
conventional and sub-prime loans. This program is ideal for
customers who have had some credit trouble in the past but
whose problems are not severe enough to require a sub-prime
loan. You may even qualify for the "Timely Rewards"
program where you can earn a rate reduction after closing
by demonstrating a good payment history. Ask your MSI loan
officer for details.
CONSTRUCTION/PERM:
MSI offers conventional construction-to-permanent lending
for new construction and rehab loans. Our C/P program requires
only one closing, thereby saving on duplication of closing
costs.
STATED
INCOME AND NO DOC: Whether you are newly self-employed
or new to town and still looking for a job, there are a number
of reasons why you may not be able to document your income
or assets. With our no documentation loans you may qualify
for a loan at a reasonable rate based on your credit scores
alone. Your MSI loan officer will help you determine which
program best suits your needs.
FHA:
We are government loan experts offering Federal Housing Administration
loans, one of the mortgage industry's best first time homebuyers
products. FHA helps many more borrowers qualify through their
liberal qualifying criteria. We underwrite FHA 203B fixed-rate
loans, as well as the low-rate one-year adjustables, through
the Direct Endorsement Program. We make use of computer-aided
underwriting for fast approvals on FHA loans. This often results
in lower downpayments, lenient gift criteria and higher income
qualifying ratios.
VA: Being located in one of the country's largest VA
mortgage markets, we have become experts in Veterans Administration
loans. We enjoy helping veterans and active-duty military
homebuyers secure liberal, low-cost VA financing for their
home purchases and refinances, or "rollovers." We
are a VA Automatic and LAPP approved lender, which means that
the final decisions regarding appraisals and credit underwriting
are made in our office. We pride ourselves on issuing rapid
commonsense approvals. You've served your country and earned
access to one of the best mortgage products in existence,
now let Mortgage Source show you how to make the most of it.
JUMBO'S:
We have great rates and high LTV 's on loan amounts from $275,000
into the millions.
SECOND'S
AND HOME EQUITY LOANS:
MSI has second mortgages appropriate for any situation with
loan to values ranging up to 125%. Whether you want to do
debt consolidation, home improvement or just get cash-in-hand
we'll help you compare fixed second's and low closing cost
home equity lines to determine which program is right for
you.
PROBLEM CREDIT: Many people experience credit problems
at one time or another and part of the responsibility of the
MSI team is to do effective credit counseling. We will look
at your situation and make recommendations as to ways to improve
your credit rating so that you may qualify for an FHA or an
expanded conventional loan. We also offer a full line of sub-prime
loans if you are looking to buy a home right away. Many of
these loans do not require the repayment of charge-offs and
other delinquent debt.
Mortgage
Source Inc.
11362 San Jose Blvd., Suite 18 • Jacksonville, FL 32223
(904) 886-0688 • Fax: (904) 886-2118 • (800)
301-5313
