Upcoming changes in the Rural Development loan program should allow more families to qualify with ZERO down and ZERO closing costs! The income restrictions are expected to ease, allowing households from 1to 4 family members to make over $70,000/yr and still qualify. Households having 5 to 8 family members would actually be able to qualify even if they make over $92,000/yr! These are substantial increases so if you were told you made too much to qualify for an RD loan, please look again!
This coupled with the fact that every home in Eustis is in the eligible area will allow many young families and first time buyers the opportunity to take advantage of some of the best prices we have seen in four years. In September, 2009 over 57% of the single family homes sold in Lake County were priced under $160,000! Many great deals are being made- are you missing the boat? Remember these RD loans have no monthly private mortgage insurance and very low 30 year fixed rates!
And don't forget, by buying your first home before July, 2009 you can qualify for a $7,500 tax credit! Call me for more information and to see if you qualify for these outstanding programs!
Gerry Suarez, Jr.
Your FHA Loan Pro!
Upcoming changes in the Rural Development loan program should allow more families to qualify with ZERO down and ZERO closing costs! The income restrictions are expected to ease, allowing households from 1to 4 family members to make over $70,000/yr and still qualify. Households having 5 to 8 family members would actually be able to qualify even if they make over $92,000/yr! These are substantial increases so if you were told you made too much to qualify for an RD loan, please look again!
This coupled with the fact that every home in Mount Dora is in the eligible area will allow many young families and first time buyers the opportunity to take advantage of some of the best prices we have seen in four years. In September, 2009 over 57% of the single family homes sold in Lake County were priced under $160,000! Many great deals are being made- are you missing the boat? Remember these RD loans have no monthly private mortgage insurance and very low 30 year fixed rates!
And don't forget, by buying your first home before July, 2009 you can qualify for a $7,500 tax credit! Call me for more information and to see if you qualify for these outstanding programs!
Gerry Suarez, Jr.
Your FHA Loan Pro!
Now more than ever government backed loan programs helping first time home buyers achieve their dream of homeownership. While talk of a credit crunch keeps some buyers sidelined many others are getting the best deals in years, with low rates and low or no down payments!
Leading the charge is the old standby FHA loan. With as little as 3% down (increasing to 3.5% as of 01/01/09) you can get rates similar to those giving huge down payments. Qualifying is very flexible and most people with credit scores over 580 can qualify. The rules regarding the downpayment are very flexible too. For most buyers their tax refund may be enough, and gifts are allowed!
We also have VA and USDA backed loans that allow someone to buy with no down payment. When you negotiate to have the seller pay your closing costs, often times you can have very little total cash into the deal! Please call for more information on these great government backed programs. As you would expect they are fixed rate and very safe.
Call today and we can have you prequalified in minutes!
Gerry Suarez, Jr.
Your FHA Loan Pro!
Now more than ever government backed loan programs helping first time home buyers achieve their dream of homeownership. While talk of a credit crunch keeps some buyers sidelined many others are getting the best deals in years, with low rates and low or no down payments!
Leading the charge is the old standby FHA loan. With as little as 3% down (increasing to 3.5% as of 01/01/09) you can get rates similar to those giving huge down payments. Qualifying is very flexible and most people with credit scores over 580 can qualify. The rules regarding the downpayment are very flexible too. For most buyers their tax refund may be enough, and gifts are allowed!
We also have VA and USDA backed loans that allow someone to buy with no down payment. When you negotiate to have the seller pay your closing costs, often times you can have very little total cash into the deal! Please call for more information on these great government backed programs. As you would expect they are fixed rate and very safe.
Call today and we can have you prequalified in minutes!
Gerry Suarez, Jr.
Your FHA Loan Pro!
One of the best government backed 100% financing programs is available throughout the 32726 and 32736 zip codes of Eustis in Lake County, FL. The guaranteed rural development loan also allows you to finance up to 2% of your closing costs and frequently results in zero cash at closing to buy a home. Call for more information, and get in on some of the best priced real homes we have seen in years!
Gerry Suarez, Jr.
Your FHA Loan Pro!
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Premier mortgage services with state of the art delivery and personal care. Take advantage of my 23 years of experience to make your deal smooth. Government loan and DPA expert. Your FHA Loan Pro!
Customer driven best describes our company philosophy and we never deal with a family just once. Loyalty is something we know must be earned and we are happy to take up that challenge!
We are a Central Florida based Mortgage Bank with the advantage of being able to underwrite and close our own loans or Broker to the best fit for any situation. That flexibility, and our personal touch, sets us apart from our competition.
Personally I am immediate past Associate Vice President of the Lake County Home Builders Association and an active Kiwanian with the Golden Triangle Kiwanis.
With over 70 years combined financial experience between just our three partners we have proven our mettle within the industry. Peggy Thomas, Mickey Carlton and myself all have different approaches and strengths, which complement our team as a whole.
Personally my strengths are government and first time buyers financing with over 23 years of mortgage finance experience. I'm loving this market as it allows buyers who have been priced out of owning a home the renewed ability to buy. Please feel free to contact me regarding any questions on FHA, VA, USDA/RD financing, as well as the various down payment assistance programs.
As a veteran of the FHA non-qualifying assumable days, my experience is the deep well I can draw on!
"Gerry is the consumate professional! His communication with me and our clients, attention to detail, and his expert knowledge of the mortgage markets make him an invaluable part of my real estate team!"
Jeanne Abernathy, Co-Owner, Broker, SunStar Real Estate
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"Gerry worked his magic for us when we wanted to refinance our home, and he made the whole process a breeze. My husband and I have since sent him 2 referrals. 'Nuff said!"
Carole and Jim Holden
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What I like about Gerry is that he really takes the time to understand what the customer needs. Also, once the contract is signed he keeps the deal moving forward until it's closed. In today's challenging market it's important to work with a lender who will attend to all the details. It's the details that determine if the deal will actually close. The last loan closed by Gerry presented us with challenges from the Seller, Buyer and the property itself. Gerry and his team at Thomas Financial coordinated all of the parties and closed the deal after another lender had failed at the last moment. The seller had problems with a pre-payment penalty, the buyer had marginal income and the property had some survey issues. All of these problems were resolved due to the skill, care and diligence of Gerry and his team. Thanks Gerry.
RAPHAEL"Ray" LEVY CB/CAMELOT REALTY
Watch the video of Ray here
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Financing my homes with Gerry Suarez at Thomas Mortgage has made home buying a seamless and quick process.It's rare to encounter the type of service Gerry provided. His knowledge, honesty, and genuine interest took all the worries away from me.
I will call again and with confidence send friends, family and clients to my favorite Mortgage Banker.
Sincerely,
Sonja Franklin
Realtor w/ERA Neil Fischer Realty
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I have used Thomas Mortgage 3 times over 15 years to refinance
my home for a lower rate. They have always produced the best rates, an easy
application process and a speedy closing. I plan on using them again if
another rate drop makes it feasible. I highly recommend them.
Michael Palmer
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