NMLS ID:1747872

 

 

 

© 2018  BEACON POINT MORTGAGE SOLUTIONS, LLC 

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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

USDA LOAN PRODUCTS

USDA

Rural development loans are a great option for our borrowers looking for 100% financing. Recognized as an approved USDA Broker, Beacon Point works with the USDA, ensuring a smooth, quick process for both our clients and referral partners. Count on Beacon Point Mortgage Solutions  to hit contract dates on USDA purchases, with industry leading turn times!

  • 30-year fixed rate

  • No down payment required

  • No cash reserves needed

  • Closing costs may be financed on some transactions

  • Seller contributions allowed

  • Competitively low rates

Helpful USDA Links:

                      

Approval Guidelines

29%  / 41%

Houusing expense cannot exceed 29% of your gross income.

Total Debt including Housing expense cannot exceedd 41% of gross income.

Debt to Income Ratios

01/

Min. 640 to apply.

Credit Score

02/

102 % financing allowed.  THis is the best no money down program even allowing seller contruibutions up to 6%.

Loan to Value 

03/