Chris Luis, My Favorite Mortgage Broker 
"I work for you, not the banks." 
NMLS 888571

CLuisMortgages. LLC             
MBR 1575, NMLS 1159714                                       
t: 800.991.3268
f: 800.718.1862
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All Types of Mortgages 
Hi Income Poor Credit or Good Credit Little Money 

Which one are you? 

  • Good Credit but Little Money? A 1% down loan is for you?  
  • Hi Income but Poor Credit? An FHA loan is for you? 
  • No Idea where to start? Call me. If you qualify for any loan program, I will find it. 

To get a mortgage, you need: money, credit and a loan officer. 

First, money. You need documented income: as shown in your pay stubs, w-2s, and tax returns or some steady reported income. Then, a bank account with money for your down payment. 

Second, credit. This means a credit score, current credit items (such as credit cards, auto loans, etc.) and a credit history. You don’t need excellent credit, just not really bad credit. A 580 score is usually good enough to start. And nothing bad recently. No late payments or car repossession in the last year; no bankruptcy in the last 2 years, no foreclosure-short sale in the last 3 years. 

You cannot get a mortgage if you have tax liens, court judgment or your student loans in default.  

Third, a loan officer. A loan officer figures this process for you and finds you the ideal loan program. I am a Florida licensed mortgage broker and loan officer and I can help you find the ideal mortgage. 

Here is the list of some of the loan programs: 

  • FHA: credit score to 580, 3.5% Down 
  • FHA: credit score to 500, for 10% Down.
  • FHA: credit score of 640, $0 Down FHA Loan 
  • Conventional: credit score to 620, 3% down if First Time Homebuyer
  • Conventional; 700 score, First Time Homebuyer, 1% Down 
  • USDA: credit score to 580, 0% Down 
  • VA: credit score to 550, 0% Down 
  • Jumbos: credit score to 600, 20%-25% Down 
  • Jumbos: 95% LTV if above 720 FICO 
  • Bank Statement Deposits for Income – 500 Credit Score

FLORIDA: Orlando Homebuyers

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