Financing real estate deals these days can be challenging, but doable with the right people. We highly recommend our preferred mortgage broker Rayce Robinson – we’ve been working with him for 10 years! Check out his 4 minute video that covers the difference between an FHA loan and a conventional loan.
If you buy and own your house for a long time, the 5% down payment on the conventional loan will save you a lot of money over the FHA down payment of 3.5% (assuming you have good credit). Rayce has a wealth of information on his website, and is happy to answer any questions you may have about your mortgage options.
We encourage our clients to get prequalified with Rayce. You’re not committed to using him, but he is able to help us get your offer approved when you find the right house.
Rayce is an excellent communicator and has a quick turnaround time. For example, if we find a house on Saturday afternoon, he can usually get us an updated, tailored pre-approval letter to send with our offer that same afternoon. Often the seller calls the lender before accepting your offer – Rayce answers calls on the weekend, and knows how to talk to listing agents and sellers to put them at ease and ensure he knows how strong your loan will be. Often credit unions or banks can’t offer this kind of availability.
If you would like to get started with him, here is the link to his secure online application.
You will get a return call very soon after you finish the application. When putting your name in, please put your first name AND middle initial on the first line as there is not a separate place for the middle initial and they need that to pull the credit report. Also, you do not need to complete any of the liabilities section as that will automatically populate for them when they pull your credit report.
Rayce is the most unique mortgage broker in America because he also co-owns A Touch of Color, a tattoo shop in Oviedo! He can get you a great mortgage, AND a really beautiful tattoo (for those of you that are daring). How many people can say they have a mortgage broker / tattoo artist?