2755 Border Lake Road Info@SCapFi.com

Mortgage Financing

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407-350-0879

Reason to Choose us

We offer award-winning, low-rate loans with no ongoing fees, saving our customers thousands of dollars.

LOAN PROGRAMS

With a down payment of just 3.5% of the purchase price, credit scores from 580, and easier credit qualifying, FHA might be just what you need. Available on 1-4 unit properties.

This program enables a homeowner to lower their interest rate fast. It allows the homeowner to skip verification for credit, income, and employment history. Also, this program does not require that a borrower’s property be reappraised. The FHA bypasses this by using the original selling price of the home.

Are you interested in learning more about FHA loans?

Apply Now for your free quote today or give us a call

LOAN TYPES

Scott Capital Financing DBA Count On Scott Mortgage can help you qualify for a Federal Housing Administration (FHA) loan. This type of loan is insured by the FHA, the requirements are more lenient than those of a conventional loan. Some of the benefits are low down payments, low closing costs, and easy credit qualifying. An FHA loan is a great opportunity for first-time homebuyers.

Advantages of an FHA loan

  • Minimum down payment of 3.5%
  • Minimum credit score of 580
  • No pre-payment penalties
  • Low interest rates
  • Easier credit qualifying


The FHA has specific loan limits set for each state and county. These loan limits have recently increased in many states.FHA loans have specific debt-to-income guidelines that borrowers must meet to be eligible.

Home loans from $484,351 to $3,000,000 with competitive interest rates.

The Advantages of a Jumbo Loan

  • Interest rates for jumbo loans are typically lower than conventional loans.
  • Purchase a home with as little as 10% down.
  • Jumbo loans are available for primary homes, second homes, and investment properties, located on up to 40 acres.
  • Veterans and service members who qualify for a jumbo VA loan can often buy a home with a much lower down payment compared to other loans.
 
 

The Different Types of Jumbo Loans

  • Choose between a fixed or adjustable interest rate for all jumbo loans.
  • Jumbo loans are available with different terms – the length of the mortgage.

How Jumbo Loans Work

  • Jumbo loans are also called non-conforming loans because they’re over conventional loan limits.
  • In most of the country, the current conventional loan limit is $484,350. In 2020, the limit is rising to $510,400. The limit is higher in areas where housing is more expensive.
USDA loans allow you to buy a home in a qualifying rural or suburban area for 0% down if you meet income guidelines.

 

Who are USDA Loans best for?

USDA loans help make owning a home more affordable for those living in eligible rural and suburban areas and with household incomes within the USDA limits. Read more about other benefits below.

How USDA Loans Work

USDA loans, also known as rural development loans, are an affordable mortgage option for buying a home in a qualifying rural or suburban area.

They’re backed by the U.S. Department of Agriculture, making them more accessible than other loan options.

You can get a USDA loan as a 30-year fixed-rate mortgage.

If you already have a USDA loan, you can refinance it into a new USDA loan; however, you can’t refinance with a USDA loan if you currently have a different loan type.

Requirements?

This no-down-payment loan option was created especially for qualified veterans, service members, and their spouses.

 

Who Are VA Loans Best For?

VA loans are a more affordable option for qualified veterans, service members, and their spouses. Read more about other benefits below.

How Do VA Loans Work?

VA loans are backed, or guaranteed, by the Department of Veterans Affairs. There are different loan types with fixed or adjustable interest rates and a range of loan terms.

What You Will Need To Qualify For A VA Loan

  • A Certificate of Eligibility.
    • The VA will issue you a Certificate of Eligibility if you meet their guidelines for type and length of service.
    • If you don’t have one already, we can apply for your Certificate of Eligibility for you.
  • A minimum FICO® Score of 620.
  • A debt-to-income ratio (DTI) of no more than 60%. Estimate your DTI by adding your monthly debt payments (such as credit card and car payments) and dividing the total by your monthly income before taxes.
  • Money to cover the funding fee charged by the VA. This may be rolled into your loan. You may not have to pay this fee if one of these criteria applies to you:
    • You have a service-connected disability.
    • You receive VA disability or have in the past.
    • You’re a surviving spouse who qualifies.

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In your new home!