NMLS ID:1747872

 

 

 

© 2018  BEACON POINT MORTGAGE SOLUTIONS, LLC 

  • Facebook - White Circle
  • Twitter - White Circle
  • Google+ - White Circle

Terms of Use 

LOAN PROGRAMS & RATES expressed are representative of some product offerings but are subject to CHANGE at anytime.

*Florida Second Home Specialist is not a state designation nor a Florida State endorsement.

“THIS PRODUCT OR SERVICE HAS NOT BEEN APPROVED OR ENDORSED BY ANY GOVERNMENTAL AGENCY, AND THIS OFFER IS NOT BEING MADE BY AN AGENCY OF THE GOVERNMENT.” 

Instead this service reflects the scope of our work and commitment to make it easy for out of state residents to finance a second residence in Florida.

 

Call us! 800-466-0664

Conventional

Conventional loans are loans dictated by government guidelines that make loans marketable on the secondary market as securities. Uniformity of these loan products and underwriting guidelines are key to making the loans salable to investors in the bond market. Therefore with these loans borrowers must meet strict lending criteria and lenders cannot make any exception.

 

Our job as your mortgage broker is to make you look good on paper by fitting your credit history and profile into their mold. If you are unable to fit the criteria, checkout our other individualized loan products. Beacon point is your broker for safe lending  options with a sea of alternative financing solutions including responsible nonconforming, non-prime products.

 Available for Purchases    & 

Refinances

Beacon Elite

Beacon 

Point -1

The obvious choice for  top-tier borrowers, comprised of some of the best conventional rates and pricing in the industry, Beacon's Elite program allows you to close quickly, while generating solid referrals. 

  • 700+ FICO

  • Up to 80% LTV  or 20% down payment on purchases

  • Loan amounts from $200,000 up to County Loan Limits

  • Appraisal Waivers honored

  • Includes Conventional, High Balance and ARMs.

Beacon Elite M.I.

Beacon

Point -2

At Beacon Point you can get the best of  two worlds combined in one: the cheapest lender-paid mortgage insurance in the industry with some of the lowest borrower-paid pricing,  You only have to go to one place to get a lower payment for your mortgage insurance. Elite M.I. requires:

  • 640+ FICO Score.

  • Significantly lower M.I. premiums than most traditional lenders.

  • Shortened processing times, usually saving 3-7 days on every loan by eliminating the second underwrite and  overlays that exist in the market place. 

  • Lender Paid Mortgage Insurance  available up to 97% LTV

  • M.I. certificates issued in-house with no M.I. overlays.

Homeready

Beacon

Point -3

Conventional options for borrowers looking to purchase with a low down payment or refinance with limited equity. Put as little as 3% down on your purchase.

  • Purchases up to 97% including FTHB.

  • Refinances serviced by FNMA eligible up to 97% LTV.

  • Reduced Mortgage Insurance.

  • High Balance available.

  • No  income limits in Florida.

  • Gift funds eligible for entire down payment.

  • Communite second source down payment assistance  funding available.

  • Appraisal fee credit up to $525 given at closing.

Home Possible

Beacon

Point -4

A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity.  5% down payment.

  • Up to 95% LTV.

  • First time home buyers, move-up borrowers, and retirees

  • No income limits for Underserved Areas.

  • Appraisal fee credit up to $525 given at closing.

Beacon Home Possible Advantage

Beacon

Point -5

A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity.

  • Up to 97% LTV.

  • First time homebuyers, move-up borrowers, and retirees.

  • Refinances up to 97% LTV, regardless of current mortgage program.

  • No income limits for Underserved Areas.

  • Appraisal fee credit up to $525 given at closing.