All Forum Posts by: Raymond J. Rodrigues

Hi @JaMaal Gassett, if you're interested in purchasing in the Tampa Bay area, I recommend reaching out to @Josh Green

@Maurice Boston, are you willing to do a cash-out refinance and give up your current interest rate for most likely a higher rate? If so, @Edward Tindale can assist you. 

As long as you're being paid full time or salary. You should be okay @Kyler J Sloan

Hi @Leira Alamo, in order to buy with an FHA loan for a multi-family property, you must qualify with both mortgages being counted against your debt to income ratio, without considering the possible rental income that you would make from renting out your departing residence. The only way we can get around this is if your new primary residence is more than 100 miles away from your current property, in which case you will be able to qualify as if there was only one mortgage being counted. This is known as the 100 mile test. Feel free to reach out with any questions! I'm a local here in Miami.

Alot of lenders won't lend for mobile homes, but there are still some that do. Feel free to reach out with any questions. @Jason Rogers

@January Johnson, thank you for the mention! 

@Michael Littleton I would be happy to go over your loan profile and see what options you have based on your current situation. If you are in need of an awesome realtor, definitely reach out to @January Johnson!

@Kevin Bartlett, thanks for the mention.   @Jason Rogers, I would be happy to go over your scenario and see what options you have available to you! 

Nice to meet you @Roque C., I am a fellow lender and local here in Miami. If you qualify for a full documentation loan that will offer better rates than a DSCR loan, take the full doc loan. DSCR loans are generally for people that do not have verifiable income. Happy to help you in anyway that I can.

@Salomon Utrera what do you do financially to earn money? 

Brokers do not always equate to higher closing costs. Maybe if you're doing a non q-m loan, but if it's a regular conforming loan, definitely not true.