To serve a wider range of buyers, Loankea provides a diverse selection of Florida home loans. Learn more about our mortgage options in Florida and discover if you qualify today.
The Sunshine State’s mortgage market offers exceptional variety, from conventional loans perfect for primary residences to specialized solutions for vacation homes and investment properties. First-time buyers benefit from Florida Housing Finance Corporation programs, while military families can leverage advantageous VA loan terms. With no state income tax, many borrowers find they qualify for larger loan amounts than in other states – making competitive rates and flexible terms especially valuable.
Areas We Serve
From vibrant coastal cities to tranquil retirement enclaves, Loankea provides mortgage services across Florida’s most sought-after locales. Our loan offerings cater to primary residences, vacation properties, and investment opportunities, including short-term rental portfolios. We proudly serve:
- Jacksonville
- Miami
- Tampa
- Orlando
- St. Petersburg
- Tallahassee
- Fort Lauderdale
- Daytona Beach
- Sarasota
- Vero Beach
- Cape Coral
- Jupiter Island
- Golden Beach
- Fisher Island
- Lake Buena Vista
- Palm Beach
- Boca Grande
- Coral Gables
Benefits of Choosing Loankea
Experience the advantage of working with Florida’s premier mortgage experts. We deliver:
- Unbeatable Rates & Savings– Access wholesale interest rates and reduced closing costs through our network of 150+ top national lenders
- Lightning-Fast Approvals– Average clear-to-close timeframe of just 7-15 business days
- 100% Personalized Solutions– Custom mortgage plans crafted for your unique financial situation
- Financing available for various property types – Full Doc, No Doc, No-Tax Returns, Foreign Nationals, New Residents and First-Time homebuyer programs
- Digital Convenience– Seamless online process from application to closing
Working with a broker saves time, money, and stress — letting you focus on finding the right home.
Home Loan Qualifications
To secure your bank statement mortgage in Florida, you’ll need to provide clear, verifiable proof of income and financial stability. Here’s the exact checklist lenders require:
1. Select Your Trusted Florida Mortgage Partner
Begin by choosing an experienced Florida lender familiar with local markets, from coastal hotspots to inland communities. Loankea’s expertise in Florida-specific financing ensures tailored guidance.
2. Complete Your Mortgage Application
Submit a detailed application highlighting your financial profile, property details, and loan preferences. Our secure digital platform simplifies this step for immediate review
3. Provide Financial Verification Documents
Supply requested records for underwriting, including proof of income (W-2s, tax returns, pay stubs), asset statements (bank/retirement accounts), credit authorization, and property information. Self-employed or complex income borrowers receive specialized support.
4. Close and Fund Your Florida Home Loan
Upon final approval, sign closing documents at a title company. Loan funds are then disbursed, transferring property ownership. Most Loankea clients complete this process within 30 days or fewer, thanks to our efficient processing and local lender relationships.
We navigate unique state factors like flood zone certifications, condo approvals, and hurricane insurance requirements so you don’t have to.
Schedule closing before the 15th to avoid prorated interest charges. A well-planned timeline prevents delays in Florida’s fast-moving market.
Our Florida Home Loans
Whether you’re purchasing a Miami condo, refinancing a family home in Orlando, or expanding your rental portfolio along the Gulf Coast, our mortgage programs provide the flexibility to match your goals. Explore options tailored to your income type, credit history, and property needs to find the most efficient path to ownership.
- Conventional Loans: Take advantage of competitive rates and flexible terms with conventional mortgages, available to qualified buyers with down payments as low as 3%.
- Bank Statement Mortgages: Ideal for self-employed borrowers, freelancers, or contractors—these loans use your bank statements instead of tax returns or W-2s to verify income.
- FHA Loans: Backed by the Federal Housing Administration, FHA loans are popular among first-time homebuyers for their lenient credit requirements and down payments starting at just 3.5%.
- DSCR Investment Loans: Real estate investors can qualify based on a property’s projected rental income rather than personal income, making these loans perfect for expanding your portfolio.
- VA Home Loans: Designed for veterans and active-duty service members, VA loans require no down payment and offer exceptional benefits for qualified borrowers.
- USDA Rural Loans: USDA loans help low-to-moderate-income families purchase homes in designated rural locations with zero down payment required.
- Home Equity Loans (HELOAN): Access your home’s equity with a fixed-rate loan while keeping your original mortgage intact—ideal for renovations, debt consolidation, or major expenses.
- Asset-Based Financing: Qualify using the strength of your asset portfolio rather than employment income—perfect for retirees and high-net-worth individuals.
- ITIN Mortgages: Foreign nationals without a Social Security number can buy property in Florida through ITIN mortgage programs.
- Private Money & Hard Money Loans: If you need fast, short-term financing, private money loans funded by investors or lending groups can help you close quickly—even on unconventional properties.
- Recent Credit Event Loans– Options for buyers with past financial challenges.
- Non-QM Loans– Flexible underwriting for borrowers who don’t fit traditional mortgage criteria.
Our loan experts are ready to guide you through the benefits of each program and help you choose the fastest, most affordable path to homeownership or investment success.
Requirements to Buy a House in Florida
- Credit Score: From 620 for conventional loans, from 580 for FHA, VA has no minimum (but lenders may set requirements).
- Proof of Income and Employment: Income statements for the past 2 years, tax returns, pension/social security/rental income statements.
- Debt-to-Income Ratio (DTI): Typically up to 43%, sometimes up to 50% with strong credit history.
- Down Payment:
- Conventional: from 3% (for first-time buyers)
- FHA: from 3.5% (gift funds allowed)
- VA/USDA: 0%
- Jumbo: most often 10–20%
Florida Mortgage Rates and Fees
When securing a mortgage in Florida, understanding interest rates and associated fees helps you budget effectively and choose the best loan option. Here’s what influences pricing and what costs to expect.
Your mortgage rate depends on multiple factors, including:
- Credit Score – Borrowers with 700+ scores typically qualify for the lowest rates.
- Loan Type – Fixed-rate mortgages offer stability, while adjustable-rate mortgages (ARMs) may start lower but fluctuate over time.
- Down Payment – Putting 20% or more down often improves your rate and eliminates PMI.
- Loan Term – 15-year loans usually have lower rates than 30-year mortgages.
- Market Trends – Federal Reserve policies, inflation, and housing demand impact daily rate changes.
Mortgage Closing Costs in Florida
Typical fees (2%-5% of loan amount):
- Origination fee: 0.5%-1% (lender charge)
- Appraisal:$300-$600 (property valuation)
- Title insurance:$500-$1,500 (ownership protection)
- Credit report:$30-$50
- Escrow/prepaids:Varies (taxes & insurance)
At Loankea, we specialize in turning Florida homeownership dreams into reality – with transparent terms, lightning-fast approvals, and personalized service every step of the way. Why wait? Your perfect Florida home loan is just one click away.
