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Mega Banks Can Be Mega Slow - FHA Mortgage Broker in Ormond Beach

Updated: Nov 12, 2022

Freddy Kling Mortgage Broker in Port Orange, Florida
Freddy Kling with Simplicity Mortgage

FHA Mortgage Broker in Ormond Beach

Another big win for our borrowers. Congrats on your new home Robert and May! They financed a beautifully renovated top-to-bottom 2 bed, 1 bath home. The granite counter-tops and brand appliances are brand new with a large kitchen, It has the original oak wood floors that were resurfaced and run throughout the living areas and bedrooms. It is a few blocks from the the intercoastal waterway and parks with fantastic breezes from their screened-in porch.

When their bank was taking 60+ days to close, they found Freddy Kling with Simplicity Mortgage and things got a whole lot better! Lower interest rate, closed on time, and unlike banks, we don't charge a fee to waive escrows. Yet another way to save money at closing in addition to zero lender fees.

Which loan program was best for them? It was FHA!

  • ​FHA Loans offer minimum down payments as low as 3.5% (dependent on credit score)

  • FHA rates are typically lower than conventional rates (dependent on credit score)

  • Our FHA loan programs accept lower credit scores and have more lenient underwriting standards

  • Use gift funds from a direct family member for your entire down payment and/or closing costs

  • FHA 203k loans called can be used to finance a new purchase renovation or refinance home improvements

  • FHA does not have a prepayment penalty

The local banks used to be an interaction of mutual trust. For local mortgage brokers, these kinds of interactions still take place. When is the last time a big bank attended a closing with you? We are highly available at night and weekends by phone, text, and email. You can text me at 386-401-9000 or email me at

There are some loan experts say many banks are not giving borrowers the lowest rates. We advertise our interest rates at To get the best interest rate on a mortgage, you should shop more than one lender and get the loan estimate for the big banks.

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