Miami Mortgage Company

Since 1998, Foundation Mortgage has been the leading Miami Mortgage Company in Florida.  We are a licensed Miami Lender and fully accredited A+ rated member of the Better Business Bureau.  We employ only licensed Miami Mortgage Brokers with a minimum of 5 years of experience in the mortgage industry.   Our Miami Mortgage processing staff is second to none.   Each of our senior processors has over 20 years of experience and work directly with the underwriters of your Miami home loan to ensure that your loan processes smoothly and as quickly as possible.  We offer Miami Home Mortgages and some of the lowest Miami Mortgage Rates of all Miami Mortgage Companies in Florida. 

Miami Mortgage Home Loan Products

-          Miami Foreign National Mortgage Experts (Click to go to the Foreign National Page)

o   We offer true Miami Foreign National loans to borrowers of nearly all nationalities without Tax Returns or Credit Reports.

o   Min Miami Loan Amt = $70,000 /  30% Down-Payment

o   Max Miami Loan Amt = $10,000,000 / Down payment determined on a Case-by-Case basis.

o   Miami home loans for Foreign Nationals: Single Family, Town-homes, Miami Condos

o   Miami Home loans for Foreign Nationals: Primary, Second Home, Investment Properties

-          Miami FHA Loan Programs (Click to go to the FHA Loan Page)

o   An FHA Home Mortgage Loan is the product of choice for borrowers looking to make a small down-payment or who have a low credit score.

o   3.5% down-payment for Miami FHA purchases/equity for Miami FHA Refinances.

o   Miami FHA Cash-out Refinances up to 85% of the value of your home.

o   Lowest Miami Mortgage Rates for borrowers with low credit scores.

o   NO MI Underwriting Approval on Miami FHA Loans.

o   Miami FHA Loan Limits

§  Broward County Mortgage FHA Loan Limit = $423,500

§  Miami-Dade County Mortgage FHA Loan Limit = $423,750

§  Monroe County Mortgage FHA Loan Limit = $729,750

§  Palm Beach County Mortgage FHA Loan Limit = $423,750

-          Miami VA Loan Programs (Click to go to the VA Page)

o   A VA Home Loan is available for Active Duty Military Personal, Veterans, Members of the Coast Guard/Army Reservists, and some surviving spouses.

o   A Miami VA Mortgage does not require any down-payment up to the following amount in each of the following South Florida Counties:

§  Miami VA Loan Limits

·         Broward County Mortgage VA Loan Limit = $423,500

·         Miami-Dade County Mortgage VA Loan Limit = $423,750

·         Monroe County Mortgage VA Loan Limit = $729,750

·         Palm Beach County Mortgage VA Loan Limit = $423,750

o   VA Home loans do not require monthly mortgage insurance.

o   Lowest Miami Mortgage Rates for borrowers looking for a mortgage with no-down-payment.

-          Miami VA Jumbo Loan Programs (Click to go to the VA Jumbo Page)

o   Miami VA Jumbo Loans are available with a small down-payment up to $1,000,000.

o   Click on the VA Jumbo link above to learn more about Miami VA Jumbo mortgages.   We consider this to be the best Miami Jumbo loan product on the market- and also one of the least understood.

-          Miami Reverse Mortgage Loan Programs

o   A Miami Reverse Mortgage is a loan whereby the borrower receives a loan for either the purchase or refinance of an existing home and then never makes another loan payment again. 

o   The borrower must be of retirement age as this program is meant for retirees. 

o   A Miami Reverse Mortgage is a government insured loan program and requires little to no income verification- as the risk is mitigated off of the equity in the property and through the government insurance guarantee. 

o   Miami reverse mortgages require an interview with an independent counselor.  They are not the best option for all people and you need to be aware of the many details to make certain that it is the right loan for you and your family.  

-          Miami HARP Refinance(Click to go to the HARP Page)

o   Miami DU Refi Plus Loan Program

o   Miami Refi Relief Loans

o   Permits a Miami Refinance of your 1^st Mortgage up to 125% of the value of the property. 

o   Does not require Escrowsof taxes and insurance if the first mortgage does not have taxes and insurance for all Miami Refinances.

o   A Miami Refinance under the HARP program is otherwise similar to a traditional Miami home refinance program except that the documentation requirements are reduced and sometimes an appraisal is not required- a Miami Streamline Refinace. 

o   Foundation Mortgage offers some of the lowest Miami Refinance Mortgage Rates  for Miami DU Refi Plus and Miami Freddie Mac Refi Relief refis in the market- enabling underwater homeowners to save sometimes tens of thousands of dollars over the life of the loan!

-          Miami Jumbo Mortgages

o   Foundation Mortgage offers many of the lowest Miami Jumbo Mortgage Rates & Programs. 

o   A Miami home loan over $417,000 is considered a jumbo mortgage. 

o   Miami Jumbo loans have tighter qualification requirements than conventional loan amounts below $417,000.

o   We offer a Miami Jumbo Condo loan program with no Condo Approval Requirements!  Contact one of our Miami Mortgage Brokers today and receive a FREE consultation and Miami Mortgage Pre-Approval.

o   Miami Jumbo Loans are available with as little as a 20% down-payment.

o   Minimum Miami Jumbo Loan Amount = $417,000

o   Maximum Miami Jumbo Mortgage Amount = $10,000,000 or a case-by-case basis determined by the the strength of the borrower.

-          Miami Condos Loans(Click to go to the Miami Condos Page)- Has your Miami Condo Loan been denied by another lender?  Let us help you.  Click here for more information!

o   Foundation Mortgage Specializes in Miami Condos loans.  Every month we close loans in Miami for borrowers whose prior lender denied the condomium project.

o   Miami was one of the hardest hit regions of the country when the housing market collapsed and many lenders refuse to lend in buildings if they don’t meet a stringent Miami Condo questionnaire- regardless of the down-payment or strength of the loan.

o   Our Miami Mortgage Brokers know the banks that will lend without any project approval for Downtown Miami Condos, Brickell Condos, Brickell Key Condos, and Miami Beach Condos.