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OUR LOAN PORTFOLIO:
Conventional Loans have down payment as low as 3% and can be used for primary, second homes, vacation, and investment loans up to $970,800 in high cost areas ($647,200 in most other areas) for 2022. 100% gifts allowed. Recasting available. Good credit and more down payment for conventional loans provides ample flexibility and savings opportunity over the life of the loan. Lower costs by eliminating upfront as well as monthly mortgage insurance requirements.
VA Loans offer 100% financing - down payment as low as 0%. Waive all escrows - monthly payments without property taxes and homeowners insurance. Low interest rates. No monthly mortgage insurance required. Gift funds allowed. VA funding fee can be financed. Zero funding fee if exempt. Qualified veterans with the required supporting income can borrow up to $2M with 0% down. VA loans provide exceptional benefits for those who have served our county - veterans, reservists, and active duty personnel.
We have bank statement loan options for self-employed borrowers. Two years self-employment required for most loans. Can be partial company owners. Loans up to $3 million. Up to 90% loan to value on personal and business with no mortgage insurance. 100% deposits for personal statements. 50% deposits for business statements.
The time to refinance is now! A rate and term refinance allows you to lock in a low rate and save big on your monthly payment. Plus, you pay more principal with each payment, helping to accelerate your equity. Utilize a cash-out refinance to renovate your home, purchase a second home, take a dream vacation, consolidate debt, create a college fund, and much more. When eligible, refinance to eliminate monthly PMI. Cash out refinances up to 95% LTV.
FHA loans generally requires as little as 3.5% down on the purchase of a home. Government requirements feature some of the highest allowable debt to income ratios, lower FICO scores, and low interest rates. Credit qualifying criteria not as strict. Gift funds allowed from qualified donors. Seller concessions up to 6%.
Construction loans are back and available to finance construction with ease. Our fast and simple loan process offers you a wholesale rate and a single closing. One close means fewer closing costs paid out of pocket. Interest only during construction with interest rate float down option available upon completion. CD prior to final loan approval. Certificate of occupancy not needed on conventional loans.
Condo loans feature down payments as low as 3%. Low interest rates. Fast closings. Buying a condo has never been easier. Putting 10% down on primary or 25% down on second homes may create eligibility for streamlined approval, eliminating the need for full condo review or condo questionnaire. 60 day lock and shop option. Options for condos in litigation.
USDA loans allow 100% financing. No down payment required. No cash reserves needed. Seller concessions up to 3%. Potentially roll closing fees into your monthly payment. USDA loans help put the American dream within reach. Must be USDA eligible property.
Our jumbo loans feature highly competitive pricing and rates for loans up to $2 million. Loans over $647,200 are available with as little as 10% down. Fixed rate and ARM loan options for primary, second, and investment homes.
Ormond Beach - Port Orange - Daytona Beach - New Smyrna - Flagler Beach
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Simplicity Mortgage is a local mortgage brokerage founded by Freddy and Tara Kling. It is located at
870 Dunlawton Avenue in the heart of Port Orange, Florida. We serve borrowers looking for home loans in the central Florida area to include Volusia and Flagler counties and more. Lending in Ormond Beach, Daytona Beach, Daytona Beach Shores, Port Orange, Ponce Inlet, New Smyrna Beach, and all other sunny Florida destinations!
As mortgage brokers, we shop our portfolio of over 15 mortgage lenders to find the best home loan product to fit each unique purchase scenario. Our mission is to provide a competitive interest rate, low fees, outstanding customer service, and a smooth and efficient mortgage experience.
We are your accessible, single point of contact from loan application to closing day!
Simplicity Mortgage offers a full suite of loan products: Conventional, VA loan, FHA loan, USDA loan, jumbo, non-qualified mortgage (non-QM), self-employed, 1099, bank statement, first time home buyer, investment, and secondary property purchases. We have excellent options for your refinance as well - VA IRRRL, home equity loan, FHA streamline refinance, cash-out, and rate and term.
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