Home Loan for Police Officers
At American Hero Mortgage, we pride ourselves on having helped secure mortgages for these heroes from all throughout Florida. Our brokers understand how to leverage a first responder’s role in the community as a way of securing optimal terms on a home mortgage loan. We simplify the home buying process and show you exactly what you need in order to qualify and close your loan. It is easy to be intimidated when setting out to buy your first home, but don’t be. We will make it as pleasant of an experience as we possibly can. We provide prospective borrowers with extremely competitive financing. The first step is to determine what type of loan you need. We recommend calling us to go over our loan products, but the following should give you a general idea of what program is best for you.
FHA Home Loans for Police Officers
If you are a first time home buyer, and would like to place as little money down as possible we recommend FHA loans. The FHA is a government-backed loan that is highly popular due to the minimal down payment requirements and easy qualification guidelines. Borrowers get to select various terms and better rates than a conventional loan. The primary difference is that the government insures the borrower, and we as the lender assume much less risk when funding an FHA loan. In an effort to make owning a home more affordable, the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs by decreasing the Mortgage Insurance. Another reason FHA loans are a great option is the refinancing programs they provide. If you are already on a FHA insured loan, you may qualify for an FHA streamline refinance which is one of the easiest refinance programs available today. It requires very few conditions prior to funding the new loan, including no income or credit documentation, and the original appraisal can be used again, which saves you time and money.
Police Mortgages are…
• SAFE because police officers traditionally have a very stable/increasing income
• AFFORDABLE because that steady income often translates to lower mortgage rates
• AN HONOR because public service should be rewarded
Many first responders are also veterans, meaning they qualify for all of the perks that come along with VA loans – such as no down payment, lower rates and no mortgage insurance
Helping Police Officers and Fire Fighters overcome the high cost of home ownership. Who they're for: Full- and part-time law enforcement officers, EMT, and Fire Fighters. Police Officers, Private detectives, and all Law enforcement professionals.
If you have questions or would like to get more information about specialty mortgages for Police Officers, please fill out the form on this page, or call us Toll Free: (754) 202-4376