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LOAN PROGRAMS

OUR LOAN PORTFOLIO:

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CONVENTIONAL

Conventional Loans have down payment as low as 3% and can be used for primary, second homes, vacation, and investment properties. Amounts up to $806,500 in most areas and up to $1,209,750 in high cost areas for 2025. 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.

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SELF-EMPLOYED

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 $15 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.

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REFINANCE

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

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%.

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ONE CLOSE CONSTRUCTION

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.

Ocean front Condo with many windows overlooking the ocean

CONDOS

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.

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USDA

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.

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JUMBO

Our jumbo loans feature highly competitive pricing and rates for loans up to $15 million. Loans over $766,500 are available with as little as 10% down. Fixed rate and ARM loan options for primary, second, and investment homes.

Self Employed

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Locally Owned. Locally Operated.
Ormond Beach - Port Orange - Daytona Beach - New Smyrna - Flagler Beach

CHECK OUT OUR BLOG:

New Construction and What It Means for Homebuyers in 2025

March brought an interesting mix of data in the housing world — and if you’re a buyer, seller, or real estate pro, there’s a lot to...

Apr 171 min read

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Pre-Approval First: The Key to Smart Home Shopping

The pre-approval process is essentially an initial evaluation of affordability to see if you qualify for a mortgage.

Feb 122 min read

2 views

Mortgage Market Update: 08/27/2024

Cooling Economy, Inflation, and Job Markets Recent data indicates that the economy, inflation, and job markets are showing signs of...

Aug 28, 20242 min read

11 views

Secure Your Dream Home with a Remarkably Low Interest Rate!

Discover a unique home-buying opportunity at 5519 Estero Loop, Port Orange, FL 32128, featuring seller credit.

Jul 27, 20243 min read

48 views

LLPA's: Explained! Loan Level Price Adjustments and how they impact your Mortgage Interest Rate.

A Loan Level Price Adjustment, or LLPA, is a risk based fee on conventional mortgage loans required by Fannie Mae and Freddie Mac.

Jun 12, 20234 min read

311 views

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☀️🚤 Sun, sea, and smooth sailing in Ponce Inlet!
Grateful for days like this—blue skies, calm waters, and family. One of the perks of helping families find their dream homes is being able to enjoy a little dream living myself. 🏡💼

Whether it’s your first home or your forever home, let’s get you pre-approved and one step closer to planting roots near paradise. 🌊

📲 DM me if you're ready to talk mortgages between sunshine and sunsets.

#MortgageBrokerLife #PonceInlet #BoatDayVibes #WorkHardPlayHard #LivingTheDream #MortgageMadeEasy #FloridaHomes #PreApprovalReady

🏡 March 2025 Existing Home Sales Update 🏡

March saw a 5.9% decline in existing home sales, falling to a 4.02M unit annualized pace, which was worse than the expected 3% drop. February’s numbers were revised slightly higher (from +4.2% to +4.4%), but March missed the mark. Keep in mind, this data reflects homes likely shopped in January and February, when rates were still higher.

Regional Highlights:
Sales in the West took the hardest hit due to wildfires, which likely delayed many closings. The region also has higher-priced homes, which contributed to a slight impact on the median home price.

Median Home Price Insights:
Despite the slowdown in sales, the median home price rose by 1.7% in March to $403,700—a record high for March! Year-over-year, we saw a 2.7% increase. Remember, this figure represents the middle-priced home, not overall appreciation.

Inventory & Market Dynamics:
Inventory saw an 8.1% rise in March, reaching 1.33 million units—a 20% jump from last year. But here’s the key: inventory is still historically low, well below pre-pandemic levels, and nearly 3M less than during the housing bubble.

Currently, we have about 4 months of inventory—up from 3.5 months in February but still under the balanced market of 4.6 months.

What’s Happening on the Ground?
Homes stayed on the market for an average of 36 days, down from 42 in February. 21% of homes sold above the asking price, though this was down from 29% last year.

Buyer Breakdown:

First-time buyers made up 32% of transactions (consistent with last March).

Cash buyers accounted for 26%, and investors made up 15%.

Bottom Line:
Even with a dip in sales and increased inventory, the market is still tight, with home prices holding steady. Whether you're looking to buy or sell, it's important to stay informed. Reach out if you have questions or need advice on navigating this market!

#MortgageTips #HousingMarket2025 #ponceinlet #floridarealestate #HomeSales #MortgageBroker #Homebuying #MarketUpdate #RealEstateInsights #homesellers #homesales #realestate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow

🏡 Builder Sentiment on the Rise — A Sign of Opportunity Ahead! 🏡

The April NAHB Home Builder Sentiment Index ticked up to 40, showing resilience in the face of market uncertainty. Here’s what’s happening behind the scenes:
🔹 Current Sales Conditions climbed 2 points to 45 — builders are seeing more activity on the ground!
🔹 Buyer Traffic inched up as well — up 1 point to 25, indicating more home shoppers are out and about.
🔹 Sales Expectations adjusted slightly, down 4 points, but this may just be a short-term pause as the market finds its footing.
Despite some headwinds like tariffs and interest rates, builders are still pushing forward — and that’s great news for buyers. Yes, construction costs are adjusting, but that also means motivated builders and creative financing opportunities are on the table!

💡 While Housing Starts dipped in March, Building Permits rose 1.6%, slightly exceeding expectations — a sign that builders are prepping for future demand.
If you’re thinking about building or buying new, this could be your window to act before demand picks up again. Let’s talk about your financing options and how to get ahead of the market!

📲 DM me or call/text if you're ready to get pre-approved and explore today’s opportunities.
— Freddy Kling, Your Local Mortgage Pro 🏠💼

#mortgage #floridarealestate #homebuyer #newconstruction #mortgagebroker #homebuilder

Inflation Sizzled in January—But There’s Light at the End of the Tunnel! 🏡📉

January’s CPI report came in hotter than expected, with headline inflation rising 0.5% for the month and 3.0% year over year. Core CPI, which excludes food and energy, was also up 0.4% MoM and 3.3% YoY, largely due to shelter costs—which we know are lagging behind real-time data.

🥚 Eggs, of all things, are once again making their mark on inflation! If your morning omelet feels pricier, you’re not imagining it! Food prices rose 0.4% in January, but luckily, we don’t expect eggflation to scramble the long-term trend.

🏡 The real story? Shelter costs. While they remain elevated in official CPI readings, real-time housing data from Zillow, CoreLogic, and Realtor.com suggests rent inflation is actually closer to 1.5%. Once these lagging numbers catch up, Core CPI could move closer to the Fed’s 2% target—which would be a huge win for mortgage rates!

📉 What does this mean for homebuyers? While today’s report may feel like a speed bump, we’re still on track for lower mortgage rates in the coming weeks as shelter costs align with reality. The market is shifting, and opportunities are on the horizon!

So, hang in there—soon, we’ll be looking at better affordability, lower rates, and maybe even cheaper eggs! 🥚😂

#CPI #Eggflation #MortgageRates #HomeBuying #RealEstate #MortgageMarket #MortgageInTheKnow

🚀 Stronger Job Market = Lower Mortgage Rates Ahead?? 🚀

The latest ADP Employment Report shows 183,000 new jobs, surpassing expectations! 📈 While the Services sector boomed (+190K jobs), Manufacturing continued to struggle (-13K jobs).

👀 Key Takeaways:
📌 Wage growth is slowing – Job changers saw only a 6.8% increase, down from 7.1% previously.
📌 Less job poaching – The gap between job stayers and changers is shrinking, signaling labor market stability.
📌 Mortgage rate impact? This cooling job market may push the Fed to ease rates sooner, making buying or refinancing more affordable.

🔍 Check out the visual!

💡 Thinking about your next move in the housing market? Let’s strategize now so you’re ready for lower rates ahead! 🏡💰
#MortgageRates #HousingMarket #RealEstate #Finance #HomeBuying #Refinance #mortgagebroker #floridarealestate #floridahomebuying

🏡 Inflation & Housing Market Update! 📊

The Fed's favorite inflation gauge, PCE, showed a 0.3% increase in December, bringing year-over-year inflation to 2.6%—right in line with expectations. The Core PCE, which excludes food and energy, rose 0.2%, holding steady at 2.8% YoY.

🔍 What’s Driving Inflation?
🏠 Shelter remains the biggest contributor but is showing signs of catching up. While official shelter inflation is up 4.7% YoY, real-time data from CoreLogic suggests a much lower 1.5% increase. If housing data were fully updated, Core PCE would be 2.2% instead of 2.8%!

💰 Consumer Trends
✔️ Incomes rose 0.4%
✔️ Spending increased 0.7%
✔️ Savings rate dropped from 4.1% to 3.8%

📉 What Does This Mean for Interest Rates?
With inflation moving in the right direction and shelter data still catching up, the Fed could have more room to cut rates. Lower mortgage rates could be on the horizon, making homeownership more affordable! 🏡📉

Thinking about buying or refinancing? Now’s the time to start planning! Send me a message to discuss your options. 💬📞

#MortgageNews #InterestRates #Inflation #HomeBuying #RealEstate #floridarealestate #mortgagebroker #mortgage #preapproval

Home prices continue to show resilience despite seasonal slowdowns.

The Case-Shiller Home Price Index reported a 0.4% increase in November (seasonally adjusted), stronger than market expectations. Year-over-year, prices are up 3.8%, marking the first notable annual increase in some time.

The FHFA index, which tracks single-family homes with conforming loans, showed a 0.3% rise in November.

For clients considering homeownership, appreciation trends highlight a strong financial opportunity. A 4% appreciation rate on a $600,000 home would generate $24,000 in equity over the next year. Major metro areas are outperforming national averages, reinforcing housing as a solid investment.

Now is a great time to discuss financing options. Let’s connect to explore mortgage solutions that align with your goals.

Happy 2024! Whether you are a renter ready to own or a homeowner looking to make a move, don’t delay your happy ever after!
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Looking for a lower rate? Buydowns can be a great tool in today’s market, and we’ve got options!
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3-2-1 Buydown, 2-1 Buydown, Permanent Rate Buydown and even Seller Paid Buydowns options may be available to help turn your dream home into a reality!
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Call us today for your mortgage pre-approval. We’ll also provide you an analysis of your mortgage options, to include the payments and costs associated with each, so you can assess the best path to achieve your financial & real estate goals. This is your year! Ready. Set. Home 🏡
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386-401-9000

Are there any first time homebuyer incentives available?
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YES! But time is running out!
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The Florida hometown hero program provides up to $35,000 to eligible first time buyers to put towards the down payment and closing costs. This significantly reduces the out of pocket expense of purchasing a home. We had clients close with this program and less than $1000 was due at closing!
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Are you eligible? Call or visit our site today! Over 75% of the program funding has been allocated.
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Full list of Income and loan limits by county on our side. Must work full time (35+ hours/week) for a Florida based company. Assistance is in the form of a no payment, no interest 30 year loan due upon sale or refinance of the home.

Great news for those planning to buy a home in 2024. 🏠 The conventional conforming loan limit has been increased to $766,550 providing more opportunities for home ownership. 💰✨
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What does this mean for you?
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It means you may qualify for a conforming loan with more favorable terms and lower interest rates, compared to a Jumbo loan. 📉✅. You don’t have to wait until the new year - you can take advantage of the higher limit today!
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Whether you’re a first-time homebuyer or looking to upgrade, this higher limit opens up new financing possibilities!
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📊 Key Details:
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✅ New Conforming Loan Limit: $766,550
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✅ Benefits: Better loan terms, lower interest rates
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✅ Opportunity: Explore more options in the housing market
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Ready to turn your homeownership dreams into reality? Go BIG! Now is the perfect time to start exploring your options. 🚀💼
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Reach out if you have any questions or need guidance on your homebuying journey. 🤝
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Let’s make 2024 the year you unlock the door to your new home! 🗝️🏡
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#HomeownershipDreams #RealEstate #2024LoanLimit #MortgageBroker #ConventionalLoan

Looking for MORE in 2024? An increased conforming conventional loan limit can make your dream home a reality!
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Last week several of the country’s largest mortgage lenders raised their conforming loan limit to $750,000 in anticipation of the official announcement by the FHFA in December. All indications point the Conventional Conforming Loan Limit being increased by 3.2% for 2024.
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Why use a conforming conventional loan? Loan amounts under the conforming limit can utilize a conventional loan while those above must use a Jumbo loan. Conventional loans are often easier to qualify for, have a lower rate, and involve a less complex loan process than their Jumbo counterparts. Saving you money AND stress.
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How BIG can you go? With 20% down, you could finance a purchase price up to $937,500 with a conventional loan.
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The best part is you don’t have to wait until 2024, make that offer today! Call 386-401-9000 for your custom preapproval and rate quote.

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@simplicitymortgage

Simplicity Mortgage is a local mortgage brokerage founded in 2018. Our office is located in central Volusia County, in Port Orange, Florida. We serve borrowers looking for home loans throughout Florida to include Volusia, Flagler, Orange, Osceola, St Johns and more! Specializing in Condo's, Single Family and Investment properties in Ormond Beach, Daytona Beach, Daytona Beach Shores, Port Orange, Ponce Inlet, New Smyrna Beach, A1A, St Augustine, Orlando and all other beautiful Florida destinations!

As mortgage brokers, we shop our extensive portfolio of over 15 of the nations top lenders to find the best home loan product to fit each borrowers unique purchase and goals. 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. One Close Construction loans save you time and money on your custom build!
Simplicity can help you cash in on your equity through a refinance. VA IRRRL, VA Cash out, home equity loan, HELOC, FHA streamline refinance, cash-out refinance, and rate and term refinance, investment property cash out.