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Welcome to Associates Home Loan of Florida, Inc.! If you've got the equity, we've got the loan! Good credit, bad credit, less than perfect credit or no credit? We are your one stop shop for all of your Florida hard money, subprime and equity based residential and commercial real estate loan needs. With our office based out of Tampa, Florida, we can assist you with any real estate loan transaction in any of the Florida counties and cities. If you want to purchase or refinance a residential or commercial property, let one of our experienced mortgage specialists assist you with getting the funding that you need. If you are a Realtor, Real Estate Auction Company or Real Estate Investor, we can assist your potential customers with the financing for their purchase that they may not be eligible for through conforming bank loans, FHA and conventional lending sources. We have been very successful at closing Bank REO's and short sales for customers purchasing primary residences and investment properties. If you have some credit score issues, but you have a minimum of 30% to put down; you can still qualify for a purchase. If you are overwhelmed by credit card debt and low credit scores, but you have a property with equity; you can still qualify for a refinance. Also, we offer specialized programs for high profile borrowers with unique needs and situations. If you are a professional athlete (NFL, NBA, NHL,MLB, etc.), celebrity or entertainer with a Florida Trophy Home, we can assist you with the discretion that you are looking for. Contact us today to discuss your Florida hard money loan  and subprime loan needs. We have a large network of banks, lenders and private investors, which allows us to make many loans that others cannot. Hard money loans and subprime loans are our speciality and we strive to structure a loan that fits your needs.

WHAT'S HOT!!
Foreign National Investment Properties up to 50% - Purchase or Refinance
&
Investment Properties - 5 or Less Units up to 50%
&
Owner-Occupied Purchase up to 70% of the Purchase Price
(Cannot have any current mortgage delinquency, recent short sales or recent foreclosure)
&
Owner-Occupied Refi Debt-Consolidation up to 70% of the Appraised Value
(Cannot have any current delinquency, short sales or recent foreclosure. The maximum cash-out is $3000)

THE BASICS:
  • We do 1st Mortgages ONLY.
  • Loan amounts from $10,000.00 on up.
  • Maximum Loan To Value range of 50% - 70%, depending upon each transaction. (Ex. For purchases $100,000.00 purchase price & $125,000.00 current value - maximum loan amount of $50,000.00 - $70,000.00 based off of the purchase price OR for refinances $100,000.00 current value - maximum loan amount of $50,000.00 - $70,000.00). The 70% LTV's are lender loans and 50% LTV's are private investor loans.
  • No Upfront Origination Fees.
  • Close on most transactions in 21 days or less.
PROPERTY TYPES:
  • Residential: Single Family Residence, Multi-Family, Trophy Homes, Condos, Townhouses and Mobile Homes/Manufactured Homes: Single-wide and Double-wide (no age or maximum acreage requirements, but must own the land it is on).
  • Commercial: Office Complexes, Retail Strip Centers, Mixed-Use, Apartment Complexes, RV Parks, Mobile Home Parks, Hotels/Motels, Restuarants, Nightclubs, Convenience Stores, Self-Storage Units and Churches.
LOAN TYPES:
  • Purchases: Foreign Nationals, FHA & Conventional Fallout, Short Sales, Bank Owned REO'S, Real Estate Investors, Blanket Loans/Cross-Collateralize Properties and ARV (After Repaired Value - case by case). Note: Loan Amounts are based off of the Loan To Value of the Purchase Price, not the Current Market Value.
  • Refinances: Foreign Nationals, Free and Clear Properties (No mortgage on the property), FHA & Conventional Fallout, Blanket Loans/Cross Collateralize Properties, Debt Consolidation, Discounted Mortgage Payoffs and Settlements, Payoff Credit Cards, Payoff Delinquent Property Taxes, Property Tax Deed Sales, Payoff IRS/State/County Liens, Payoff Judgments, Bankruptcy Buyout, Purchase Additional Investment Properties, Working Capital, Settle Credit Card Balances and/or Collections, Foreclosure Bailout (case by case) or you just want to get some cash out.
LOAN DOCUMENTATION:
  • Full Documentation: Required for a large majority of the loan transactions.
  • Lite Documentation: Single Family Investment and Multi-Family Investment properties for Tampa Bay surrounding area and South Florida.
  • No Ratio: Single Family Investment and Multi-Family Investment properties in Florida.
OCCUPANCY TYPE:
  • Owner-Occupied Residential: Full Documentation ONLY. The Debt To Income Ratio must be below 50% (Ex. You make $4000/month gross, then your payment for Principal, Interest, Taxes, Insurance, Credit Card Payments, Installment Loans, Student Loans, Child Support, etc. cannot be great than $2000/month). A lower Debt To Income Ratio may be required, depending upon your gross monthly income. Escrow accounts MUST be set up for Property Taxes and Homeowners/Flood Insurance.
  • Second Home: A bona fide Second Home. Must make sense as a secondary residence (distance from primary, resort, waterfront, lakefront, etc.)  
  • Non-Owner-Occupied/Investment Properties: Residential properties used strictly for investment/business purposes.
  • Non-Owner-Occupied and Owner-Occupied Commercial: Commercial property used for investment/business purposes or Owner-Occupied business purposes. 
SPECIALITY LOANS:
  • Land/Lot/Acreage/Farmland Loans: Up to 50% maximum loan to value, MUST own a primary residence with a minimum of 50% equity, a first mortgage lien will be placed on the land/lot/acreage AND a junior lien will be placed on the borrower's primary residence. The maximum loan amount is $100,000.00. The loan proceeds can ONLY be used for debt consolidation or bona fide payoffs, which must be paid for at the closing. A maximum of $1000.00 will be directly disbursed to the borrower at closing. There is absolutely NO flexibility to this loan structure.
THINGS WE DON'T DO:
  • Second Mortgages, Personal Loans, ARV ( After Repair Value), Credit Lines, Home Equity Line of Credit, Business Loans or Un-Secured Real Estate Loans. 

For a complete list of mortgage and real estate related terms and definitions, please go to our mortgage glossary or click on the alphabetical letter you are searching for from A-I, J-R or S-Z.

Connect with us and post your comments or questions on our subprime and Hard Money Blog

Please go here for Real Estate Listings on commercial, residential, for sale, for rent & lease option properties. Also, please go to our Bank Owned REO page for a complete listing of foreclosure properties for sale from some of the largest U.S. banks and mortgage companies.

Associates Home Loan of Florida, Inc.
14802 N. Dale Mabry Hwy.
Suite 202
Tampa, Florida 33618
Toll Free Telephone #: (866) 257-9476
Main Telephone #: (813) 316-2006
Email:
email@associateshomeloan.com
NMLS# 380601

 
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Purchasing a Home?

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