Are you considering purchasing a property in Florida but don't have the funds for a down payment? DSCR loans may be an option worth exploring.
In this blog post, we will discuss the requirements for down payments on DSCR loans, whether no down payment options are available in Florida, and the benefits and considerations of such loans.
Verify Your DSCR Loan Eligibility
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Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs.
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.
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