Search this site

Use our Pennsylvania and Florida mortgage calculator to estimate your monthly mortgage payments. Quickly calculate costs, including homeowners insurance, property taxes, and PMI. > Calculator > Mortgage Calculator Estimate Your Monthly Payment with Ease Planning to buy a new home? Use our easy-to-navigate mortgage calculator to estimate your monthly payments and understand how factors like interest rates and down payments influence your costs. Home Price Mode Budget Mode Monthly Budget Type or slide in your ideal monthly housing budget. This helps us calculate how much home you can afford. Already have a home in mind? Try switching to Home Price Mode instead. Down Payment Enter the amount you’ve saved upfront. More down means a smaller loan and lower monthly payments. Your down payment is the amount you pay upfront toward the home's price. The rest is typically covered by your mortgage loan. Putting at least 20% down can help you avoid private mortgage insurance (PMI), but even smaller amounts—like 3% or 5%—can get you started on the path to homeownership. Estimate the rate you might qualify for. 6–8% is common today, but better credit may mean a lower rate. Interest Rate The interest rate is the yearly cost you pay to borrow money. It affects how much house you can afford. Your final rate depends on your credit score, income, loan type, and market conditions. This is just an estimate—your real rate will be determined when you apply. Search Did you know? Your credit score has a significant impact on your interest rate. Loan Term * 15 years fixed 20 years fixed 30 years fixed RESULTS Monthly Budget $3 000 $35,000 6.9% Down Payment Interest Rate 6.5% Estimated Home Price $509,632 Does this look good? Get My Free Estimate by E-mail Include PMI Include Taxes/Insurance We use a standard PMI rate of 0.8% for estimation purposes. Actual PMI rates can vary based on your credit score, loan type, and down payment amount. Estimated property taxes and homeowners insurance based on typical rates. Actual costs vary widely by location, property type, and coverage. This is only a rough estimate to help you plan. Disclaimer: This calculator is for educational and informational purposes only and does not constitute financial advice or a lending offer. All results are estimates based on user input and assumptions, and may not reflect actual loan terms, costs, or eligibility. This tool is not a pre-approval. Actual loan terms and qualifications will depend on a full application and lender review. We strongly recommend speaking with a licensed mortgage professional to review your unique financial situation before making any homebuying decisions. Home Price Enter or slide to set your home price. Still exploring? Switch to Budget Mode to see what you can afford. This is the total price of the home you’re planning to buy. You can use the slider or type the amount manually. If you're still in the early stages and don't have a property picked out, Budget Mode can help estimate what price fits your monthly budget. Down Payment Type or slide your upfront amount. More down = lower payments and no mortgage insurance. Your down payment is the amount you pay upfront toward the home's price. The rest is typically covered by your mortgage loan. Putting at least 20% down can help you avoid private mortgage insurance (PMI), but even smaller amounts—like 3% or 5%—can get you started on the path to homeownership. Interest Rate Choose the estimated interest rate you might qualify for. If you’re not sure, 6–8% is a common range for many buyers today. The interest rate is the yearly cost you pay to borrow money. It affects how much house you can afford. Your final rate depends on your credit score, income, loan type, and market conditions. This is just an estimate—your real rate will be determined when you apply. Search Did you know? Your credit score has a significant impact on your interest rate. Loan Term * 15 years fixed 20 years fixed 30 years fixed This estimate includes only your mortgage payment (principal and interest). It does not account for additional costs such as homeowners insurance, property taxes, or PMI (Private Mortgage Insurance), which can significantly impact your total monthly payment. You can calculate an estimate of these additional costs in the section below . RESULTS Home Price $350,000 Down Payment $35,000 10.0% Interest Rate 6.5% Your estimated mortgage monthly payment is $1,991 Does this look good? Get My Free Estimate by E-mail Disclaimer: This calculator is for educational and informational purposes only and does not constitute financial advice or a lending offer. All results are estimates based on user input and assumptions, and may not reflect actual loan terms, costs, or eligibility. This tool is not a pre-approval. Actual loan terms and qualifications will depend on a full application and lender review. We strongly recommend speaking with a licensed mortgage professional to review your unique financial situation before making any homebuying decisions. Additional Costs When calculating your mortgage payment, it's important to consider more than just the loan and interest. Homeownership comes with extra expenses, such as property taxes, homeowners insurance, and, in some cases, private mortgage insurance (PMI). These costs vary based on your location, loan details, and home value. Use this section to estimate your total monthly payment, including these essential expenses. Homeowners Insurance (% per year of home value) Search PMI (Private Mortgage Insurance) Search Property Taxes Search Homeowners Insurance $146 $146 PMI Property Taxes $382 Your Estimated Monthly Payment of Taxes + Insurance: $674 Total Costs $2,770 Does this look good? Get My Free Estimate by E-mail The total payment shown here is an estimate and includes only typical costs such as homeowners insurance, property taxes, and PMI. These costs can vary significantly based on your location, the value of your home, and your lender's requirements. The default values provided are based on average estimates in Pennsylvania. We encourage you to contact us or consult local resources to refine your calculations. PMI is required if your down payment is less than 20% of the home price. PMI rates vary but average around 0.5% to 1% of the loan amount per year. Homeowners insurance covers damages to your home and belongings. Typically ranges from 0.5% to 1% of the home value per year. Property taxes are based on the value of the home and local tax rates. Rates typically range from 0.5% to 2% of the home value per year. Disclaimer: This calculator is for educational and informational purposes only and does not constitute financial advice or a lending offer. All results are estimates based on user input and assumptions, and may not reflect actual loan terms, costs, or eligibility. This tool is not a pre-approval. Actual loan terms and qualifications will depend on a full application and lender review. We strongly recommend speaking with a licensed mortgage professional to review your unique financial situation before making any homebuying decisions. Additional Costs Anchor How Credit Score Affects Your Mortgage What is a credit score? Your credit score is a numerical representation of your creditworthiness. Lenders use it to determine your mortgage interest rate. Scores typically range from 300 to 850. How does it affect my loan? A higher credit score can lower your interest rate, saving you thousands of dollars over the life of your loan. A lower credit score may result in a higher rate or require a larger down payment. Where can I check my credit score? You can check your credit score for free through: Credit Karma Annual Credit Report Understanding Homeowners Insurance Understanding Homeowners Insurance What is homeowners insurance? It protects your home against damages or disasters, such as fire, storms, or theft. It also includes liability protection for accidents on your property. Is it required? Yes, most lenders require homeowners insurance as part of your mortgage agreement. How much does it cost? On average, homeowners insurance costs around $1,200–$1,500 per year in Pennsylvania. Rates depend on your location, home value, and coverage amount. Tips to lower your cost: Bundle with other insurance policies. Increase your deductible. Compare rates from multiple providers. What You Need to Know About Property Taxes What You Need to Know About Property Taxes What are property taxes? Property taxes are annual fees paid to your local government based on the assessed value of your property and the local tax rate. How much are property taxes in Pennsylvania? Rates vary by county but generally range from 1% to 3% of your home’s value annually. How are they paid? Often included in your monthly mortgage payment through escrow. Alternatively, you can pay them directly to your local tax authority. Property tax resources: Pennsylvania Tax Calculator What is PMI and When Do You Need It? What is PMI and When Do You Need It? What is PMI? PMI is insurance that protects the lender if you default on your mortgage. It is typically required if your down payment is less than 20%. How much does PMI cost? PMI usually costs between 0.5% and 1% of the loan amount annually. For example: On a $200,000 loan, PMI might cost $1,000–$2,000 per year. How can I avoid PMI? Save for a 20% down payment. Look for lender-paid PMI options. Can PMI be removed? Yes! Once you’ve paid down your loan to 80% of its original value, you can request to have PMI removed. Your estimated mortgage monthly payment is $1,991 Estimated Home Price $509,632 Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance Call Us

Discover FHA home loan benefits: low down payments, flexible terms, and easy qualification for first-time buyers or low credit. Start your homeownership journey today. > Services > FHA Loans > FHA LOANS IN PENNSYLVANIA & FLORIDA FHA Loans — Affordable Home Financing with Flexible Terms If you're a first-time homebuyer or have less-than-perfect credit, an FHA loan can help make your dream of homeownership a reality. Backed by the Federal Housing Administration (FHA) , these loans offer low down payments, flexible credit requirements, and other benefits to make buying a home more accessible. FHA loans are designed to be affordable and flexible — particularly for first-time buyers and those with lower credit scores. With low down payment options and more lenient credit requirements than conventional loans, FHA loans offer a path to homeownership for many. Get Prequalified Today Other Services Trusted by Homebuyers & Investors Across Florida and Pennsylvania → Read Client Experiences 65+ Google Reviews WHY FHA LOANS Key Benefits of FHA Loans FHA home loans are designed to make homeownership more accessible — especially for first-time buyers or those with limited income or lower credit scores. These government-backed loans offer unique benefits that conventional mortgages often can't match. Low Down Payments FHA loans allow down payments as low as 3.5% , making it easier to afford your new home even if you're on a tight budget. Flexible Credit Requirements With a minimum credit score of 580 for a 3.5% down payment , FHA loans are ideal for borrowers with lower credit scores. Higher Debt-to-Income Ratios FHA guidelines allow for higher DTI ratios compared to conventional mortgages — helpful for those balancing student loans or other monthly debts. No Early Payoff Penalty Pay off your loan early with no added fees or penalties — you're free to save on interest whenever you're ready. Multi-Unit Property Options Purchase up to 4-unit properties as a first-time homebuyer — as long as one unit is your primary residence. FHA Loan for Low Income A great fit for low- to moderate-income families , thanks to more lenient qualifying criteria and competitive interest rates. FHA VS CONVENTIONAL How FHA Loans Differ from Conventional Not sure which loan type is right for you? Here's a quick side-by-side comparison of the key differences — so you can make an informed decision. FHA Loan Credit Down payment Mortgage insurance DTI ratio Loan limits From 580 As low as 3.5% Upfront + annual MIP (required) More flexible — higher DTI allowed Set by FHA — varies by county Conventional Loan Credit Down payment Mortgage insurance DTI ratio Loan limits Typically 620+ Often 5% or more PMI only if down payment < 20% Stricter limits Higher limits available ELIGIBILITY REQUIREMENTS Who Qualifies for an FHA Loan? To qualify for an FHA loan, you need to meet a few basic requirements. Qualification is generally easier compared to conventional loans — especially if you're self-employed, have student debt, or are recovering from past financial hardship. Serving all of Pennsylvania and Florida — local support, personalized guidance. Not sure if you qualify? We'll walk you through it — free, no obligation, no hard credit pull. Our team specializes in helping buyers who've been turned down elsewhere. Credit Score Minimum 580 for a 3.5% down payment, or 500 with a 10% down payment. Your credit doesn't have to be perfect to get approved. Down Payment A minimum of 3.5% down is required. This amount can come from your savings or even a gift from a family member. Income Requirement There is no specific income limit, but you'll need to show steady, reliable income to cover the monthly payments. Primary Residence FHA loans are only available for properties you intend to live in as your primary residence. Debt-to-Income Ratio FHA loans allow higher ratios than conventional loans, making it easier to qualify even if you have existing debts. THE PROCESS How to Apply for an FHA Loan Getting started with an FHA loan doesn't have to be overwhelming. Here's a simple step-by-step guide to help you through the process. 01 Get Prequalified Understand how much home you can afford and whether you're a good fit for an FHA loan. Fill out our secure Pre-Qualification Form — takes just a few minutes Send us basic documents such as pay stubs, W-2s, or tax returns to speed up the process 02 Complete Your Application Once prequalified, we'll guide you through the full FHA loan application. Income, employment, assets, debts, and the property you're purchasing 03 Submit Required Documents We'll let you know exactly what we need. This may include: Recent pay stubs or proof of income Bank statements Credit report (we'll help you access it) Government-issued ID Property details 04 Loan Approval & Closing Once everything is reviewed and approved: You'll lock in your interest rate We'll coordinate with the underwriter You'll close on your new home — and get the keys Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance IS THIS FOR YOU? Who We Work Best With Not everyone qualifies for the best mortgage solutions. We work with homebuyers who are serious about finding the right fit — not just the lowest number. Have already found a home or are actively searching Whether you're just browsing or ready to buy, we can help you secure the right financing. Want a mortgage plan tailored to their financial goals We don't believe in one-size-fits-all loans. Our advisors help you find a mortgage that works for your unique situation. Are looking for expert guidance, not just the lowest rate A mortgage is more than a number. We provide clear, transparent advice to help you make the smartest long-term decision. Understand that a good mortgage is an investment We work with buyers who value smart, strategic mortgage planning — not just the cheapest option today. GET STARTED Start Your Homeownership Journey Today Start your journey toward homeownership with a VA loan. Explore the benefits and apply with First USA Mortgage Solutions — we'll guide you every step of the way. Get Started with Your Prequalification Frequently Asked Questions What’s the minimum credit score for an FHA loan? You’ll need a credit score of at least 580 for a 3.5% down payment. Can I Get an FHA Loan with Low Credit? Can I use an FHA loan to buy a multi-unit property? What’s the difference between FHA mortgage insurance and conventional PMI?

Explore tailored mortgage services, including home purchase loans, refinancing, VA and FHA loans, and more. Get expert support from First USA Mortgage Solutions. > Services > MORTGAGE SERVICES Explore Our Mortgage Services At First USA Mortgage Solutions, we offer a full range of mortgage solutions - whether you're a first-time buyer, looking to refinance, or expanding your investment portfolio. Our team is here to guide you through every option and help you make the best decision for your situation. Loans are subject to credit approval and income verification. Not all programs are available in all areas. Contact us for details. NMLS #2597839 HOME PURCHASE REFINANCING VA LOANS FHA LOANS REVERSE MORTGAGES CASH OUT REFINANCE HELOC DSCR SECOND MORTGAGE Home Purchase Loans Buying a home is a huge milestone, and we’re here to make it simple and affordable. Our home purchase loans come with competitive rates and flexible terms, ensuring you find the right solution whether you’re a first-time homebuyer or upgrading to a larger space. BENEFITS Low down payment options to fit your budget Competetive rates and personalized loan matching Flexible qualifying options for a range of income types Learn More Refinancing Looking to save on your mortgage? Refinancing with us can help you lower your monthly payments, reduce your interest rate, or tap into your home’s equity. Our refinancing options are flexible, fast, and tailored to meet your financial goals. BENEFITS Lower your monthly payments with options at competitive rates Access your home equity for home improvements or debt consolidation Flexible qualifying options to fit your PA or FL goals Learn More VA Loans If you’re a veteran or active-duty service member, our VA loans offer unbeatable benefits like no down payment and low interest rates . These loans are designed to make homeownership accessible for those who’ve served, with an easy qualification process. BENEFITS No down payment required for qualified service members No private mortgage insurance (PMI) - lower overall costs Flexible credit requirements for veterans and active military Learn More FHA Loans FHA loans are a great option for first-time homebuyers or anyone with a lower credit score. These loans offer low down payment options and flexible credit requirements, making homeownership more attainable. BENEFITS Low Down payment options from as little as 3.5% More flexible credit score requirements thatn conventional loans Backed by the Federal Housing Administration (FHA) Learn More Reverse Mortgages For homeowners aged 62 and older, a reverse mortgage can provide access to your home’s equity, giving you extra financial freedom without the burden of monthly mortgage payments. This service is ideal for those looking to supplement their retirement income. BENEFITS No monthly mortgage payments while you live in the home Access your home equity for living expenses or healthcare needs Stay in your home while managing your financial situation Learn More Cash-Out Refinance Need funds for home improvements, debt consolidation, or other expenses? A cash-out refinance allows you to leverage your home’s equity and turn it into cash. It’s a smart way to finance larger expenses while still benefiting from the lower interest rates of a mortgage. BENEFITS Turn your home equity into cash for any purpose Potentially lower your rate while accessing funds Flexible options with various loan terms available Learn More Home Equity Line of Credit (HELOC) A Home Equity Line of Credit (HELOC) allows homeowners to borrow against the equity in their property, offering flexibility and convenience for managing large expenses or funding home improvements. With a HELOC, you have access to a revolving line of credit that you can draw from as needed, with competitive interest rates and flexible repayment terms. BENEFITS Flexible Credit Access - borrow as little or as much as you need Lower interest rates than typical credit cards or personal loans Interest-only payments during the draw period available Tax-deductible interest in some cases - consult a tax advisor Learn More DSCR Second Mortgage Looking to access your property’s equity without traditional income documentation? A DSCR Closed-End Second Mortgage lets real estate investors unlock cash based on the property’s rental income—not their personal income. It’s a strategic tool to grow your portfolio or cover big expenses while keeping your primary mortgage intact. BENEFITS No personal income verification - qualify based on rental income No tax returns required - ideal for self-employed investors Competitive rates with flexible loan amounts and structures Learn More Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance

Unlock equity with a DSCR Closed-End Second Mortgage in Pennsylvania and Florida. No tax returns or income docs—qualify based on rental income. Fast approvals. Get started today. > Services > DSCR Closed-End Second Mortgage > DSCR SECOND MORTGAGE · PA & FL DSCR Second Mortgage — Access Your Equity Without Tax Returns Tap Into Your Investment Property's Equity — Without Tax Returns or Income Docs A DSCR (Debt-Service Coverage Ratio) Closed-End Second Mortgage is a fixed-term second loan secured by your investment property. This product is designed for real estate investors who want to access additional capital — without refinancing their first mortgage and without submitting traditional income documentation. Instead of using tax returns, employment history, or paystubs, you qualify based on rental income from the property itself. Get Prequalified Today Other Services Trusted by Homebuyers & Investors Across Florida and Pennsylvania → Read Client Experiences 65+ Google Reviews HOW IT WORKS What Is a DSCR Closed-End Second Mortgage? You already have a mortgage on your rental property. With a second mortgage, you keep the first one intact — but add a second loan behind it. You get a lump sum up front and repay it over time, just like a regular loan. No revolving balance. No credit line. Everything is fixed and predictable. Instead of reviewing your personal income, we focus on how much the property will earn in rent . If it covers the mortgage payments, you're likely approved. Your property must generate enough rental income to cover the monthly payments on both the first mortgage and the second mortgage — this is measured using the DSCR (Debt-Service Coverage Ratio) . Most lenders require a DSCR of 1.00 or higher — meaning your rental income equals or exceeds your combined monthly payments. THE DSCR FORMULA Monthly Rental Income = DSCR Total Monthly Debt Payments DSCR ≥ 1.00 = you qualify · DSCR < 1.00 = property doesn't cover costs EXAMPLE CALCULATION Monthly rental income $2,500 First mortgage payment $1,200 Second mortgage payment $700 Total monthly payments $1,900 DSCR = $2,500 ÷ $1,900 = 1.31 ✓ That qualifies — rental income covers all payments with room to spare. KEY BENEFITS Why Choose a DSCR Closed-End Second Mortgage? This product solves a specific problem: you need capital from your investment property, but you don't want to touch your existing first mortgage — and you don't want to hand over tax returns. No Income Documentation Required No W-2s, no 1099s, no tax returns . Qualification is based entirely on the property's rental income — not your personal financial profile. Keep Your Low First Mortgage Rate No need to touch your existing financing. Your first mortgage stays exactly as it is — rates, terms, everything. Fast Funding Common-sense underwriting based on property cash flow speeds up approval — fewer documents means fewer delays. Great for Portfolio Expansion Use funds to invest in another property, upgrade your rental, or consolidate — without liquidating existing assets. Fixed & Predictable Unlike a HELOC, this is a closed-end fixed loan . You know your payment from day one — no revolving balance, no surprises. Available in Pennsylvania & Florida We work locally and understand state-specific regulations in both Pennsylvania and Florida — lending guidelines, market conditions, and local requirements. ELIGIBILITY REQUIREMENTS What You Need to Qualify The process is much simpler than traditional loans — but still guided by smart risk management and property performance. Here's what you'll need. Keep in Mind Properties must be located in Pennsylvania or Florida You may only use this loan for eligible investment purposes Property must meet appraisal and condition requirements This is a closed-end loan — fixed term, fixed payments, no revolving credit Primary residences and owner-occupied properties are not eligible Investment Property (Non-Owner Occupied) A single-family rental, duplex, or small apartment building. This loan is only available for non-owner-occupied properties — long-term rentals or short-term vacation properties. Primary residences are not eligible. Sufficient Rental Income (DSCR ≥ 1.00) Your property must generate enough rental income to cover the monthly payments on both the first mortgage and the second mortgage. Most lenders require a DSCR of 1.00 or higher. Equity in the Property We look at how much rent the property generates and how much it's worth. Typical loan-to-value (LTV) ratios range from 70% to 80% — meaning you'll need to bring a 20–30% down payment to close. Example: $400,000 property → borrow up to $320,000 (80%) → $80,000 down payment Minimum Credit Score Most programs require a credit score of 660 or above. Some programs allow for lower scores with compensating factors. No Income or Employment Verification You do not need to submit tax returns, paystubs, W-2s, or 1099s. Instead, you'll simply provide a rent roll or lease agreements for the subject property. WHO IS THIS FOR? Built for Real Estate Investors This loan option is specifically designed for real estate investors who want to tap into the equity of their income-producing properties — without the hassle of full income documentation or a full refinance. Own Investment Properties Single-family, multi-family, or short-term rentals — and want to access equity without touching your first mortgage. Self-Employed or Non-Traditional Income Don't want to submit tax returns, W-2s, or paystubs. Rental income is all we need. Recently Refinanced at a Low Rate Want to keep that rate — but still need cash for other investments, repairs, or life needs. Scaling Your Portfolio Need quick access to funds to secure your next property or rehab project without selling existing assets. High DTI or Hard-to-Verify Income Don't qualify for a traditional second mortgage because your debt-to-income ratio is too high — or your income is difficult to document. Solid Rental Income, Minimal Tax Income Your rental income is strong, but you report minimal income on taxes due to depreciation and deductions. With a DSCR Closed-End Second Mortgage, your qualification is based on property cash flow — not your personal income. That means fewer documents, faster closings, and more control over your investment strategy. Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance IS THIS FOR YOU? Who We Work Best With Not everyone qualifies for the best mortgage solutions. We work with homebuyers who are serious about finding the right fit — not just the lowest number. Have already found a home or are actively searching Whether you're just browsing or ready to buy, we can help you secure the right financing. Want a mortgage plan tailored to their financial goals We don't believe in one-size-fits-all loans. Our advisors help you find a mortgage that works for your unique situation. Are looking for expert guidance, not just the lowest rate A mortgage is more than a number. We provide clear, transparent advice to help you make the smartest long-term decision. Understand that a good mortgage is an investment We work with buyers who value smart, strategic mortgage planning — not just the cheapest option today. GET STARTED Get Started with a DSCR Second Mortgage Today Unlock the equity in your investment property and access smart, flexible funding — with no income verification required. We serve investors across Pennsylvania and Florida. Discover how a DSCR Closed-End Second Mortgage can support your real estate strategy in Pennsylvania and Florida. Get Started with Your Prequalification Frequently Asked Questions What is a DSCR Closed-End Second Mortgage? A DSCR (Debt Service Coverage Ratio) Closed-End Second Mortgage allows real estate investors to tap into their property's equity without verifying personal income. It's based on the property's rental income—not your tax returns. Do I need to provide income or employment documentation? Can I use this loan for a property I live in? How much can I borrow with a DSCR second mortgage? How quickly can I close?

Unlock your home’s equity with a cash-out refinance. Use the cash for home improvements, debt consolidation, or other financial needs. Apply today. > Services > Cash Out Refinance > CASH-OUT REFINANCE · PA & FL Cash-Out Refinance — Unlock Your Home's Equity If you need extra cash for home improvements, debt consolidation , or even starting a business, a cash-out refinance could be the solution. This refinancing option lets you tap into your home's equity by replacing your existing mortgage with a new one for a higher amount — giving you access to extra cash. First USA Mortgage Solutions is here to help you explore your options and leverage your home's value to meet your financial goals. Get Prequalified Today Other Services Trusted by Homebuyers & Investors Across Florida and Pennsylvania → Read Client Experiences 65+ Google Reviews WHY CASH-OUT REFINANCE Key Benefits of Cash-Out Refinance A cash-out refinance offers flexibility and control over your finances by unlocking the equity in your home — whether you're paying off debt, renovating, or investing. Access to Cash for Any Purpose Tap into your home's equity to fund home improvements, consolidate debt, or explore new investment opportunities . Lower Interest Rates Refinance your mortgage at today's rates , which could save you money compared to high-interest credit cards or personal loans. Debt Consolidation Simplify your finances by consolidating high-interest debts into one lower-interest mortgage payment. Home Renovations Use your home's equity to fund major renovation projects — from upgrading kitchensto adding extra bedrooms. HOW IT WORKS How Does a Cash-Out Refinance Work? A cash-out refinance replaces your existing mortgage with a new one that's larger than your current balance. The difference between the old and new loan is given to you as cash — which you can use however you choose. You'll continue making payments on the new mortgage, similar to your original loan. The key difference is that you walk away from closing with a lump sum of cash based on the equity you've built. This option works best when you have significant home equity and a clear plan for how you'll use the funds. EXAMPLE If your home is valued at $400,000 and your current mortgage balance is $100,000 , you may be able to refinance up to 80% of your home's value — up to $320,000 . After paying off your current mortgage, you could receive $220,000 in cash to use as needed. 01 Apply & Get Prequalified We review your current mortgage, home value, and financial goals to determine how much equity you can access. 02 Home Appraisal An appraisal confirms your home's current market value — which determines how much cash you can receive. 03 Underwriting & Approval Your income, credit, and assets are reviewed. We handle the paperwork and keep you updated throughout. 04 Close & Receive Funds Sign your new mortgage documents, pay off the old loan, and receive the difference in cash — ready to use. COMMON USES Common Reasons to Choose a Cash-Out Refinance Homeowners use cash-out refinancing for a wide range of goals. Here are the most common — and most financially smart — reasons to consider it. Home Repairs & Improvements Upgrade your home with a new kitchen, additional bedrooms, or energy-efficient updates that also increase your property value. Debt Consolidation Pay off high-interest credit cards or personal loans by consolidating them into one manageable mortgage payment at a lower rate. College Tuition Use your home equity to cover education expenses for yourself or family members — often at better rates than student loans. Investment Opportunities Start a business, buy another property, or explore other investment options using your home's equity as capital. Emergency Fund Create a financial safety net for unexpected medical bills, major repairs, or other urgent expenses — on your terms. Lower Your Overall Rate If today's rates are lower than your current mortgage, a cash-out refinance lets you access funds while potentially improving your rate at the same time. ELIGIBILITY REQUIREMENTS Can You Qualify for a Cash-Out Refinance? To qualify for a cash-out refinance, lenders typically require: A credit score of 620 or higher At least 20% equity in your home A debt-to-income ratio that meets lender requirements The property must be your primary residence or a qualifying investment property RATE FACTORS Factors That Affect Your Cash-Out Refinance Rate Your Credit Score Higher credit scores generally lead to lower interest rates and better loan teXrms. Loan-to-Value Ratio (LTV) The amount of equity in your home plays a key role in determining your interest rate. Market Conditions Mortgage rates fluctuate based on current economic trends and Federal Reserve policy. Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance IS THIS FOR YOU? Who We Work Best With Not everyone qualifies for the best mortgage solutions. We work with homebuyers who are serious about finding the right fit — not just the lowest number. Have already found a home or are actively searching Whether you're just browsing or ready to buy, we can help you secure the right financing. Want a mortgage plan tailored to their financial goals We don't believe in one-size-fits-all loans. Our advisors help you find a mortgage that works for your unique situation. Are looking for expert guidance, not just the lowest rate A mortgage is more than a number. We provide clear, transparent advice to help you make the smartest long-term decision. Understand that a good mortgage is an investment We work with buyers who value smart, strategic mortgage planning — not just the cheapest option today. GET STARTED Ready to Access Your Home's Equity? Are you ready to unlock your home's equity? Apply for a cash-out refinance with First USA Mortgage Solutions and take control of your financial future today. Get Started with Your Prequalification Frequently Asked Questions How much cash can I take out with a cash-out refinance? Typically, you can borrow up to 80% of your home’s value, depending on your current mortgage balance. Will my interest rate change with a cash-out refinance? Can I use the cash from a refinance for anything I want?

Explore home loans, refinancing, FHA, VA, and DSCR mortgages in Allegheny County (Pittsburgh), Pennsylvania. Local experts guiding you from pre-approval to closing. Mortgage Lender in Allegheny County (Pittsburgh), Pennsylvania Allegheny County is alive with culture, innovation, and growth — from the rivers and bridges of Pittsburgh to its surrounding suburbs. At First USA Mortgage Solutions , we help local residents finance homes that match their goals and ambitions. Whether you’re refinancing or buying your first home, our experienced team provides guidance you can trust. Get Prequalified Today Other Services Trusted by Homebuyers & Investors Across Florida and Pennsylvania → Read Client Experiences 65+ Google Reviews Your Pittsburgh Mortgage Experts — Built on Trust and Experience Allegheny County , Pennsylvania — anchored by Pittsburgh — is a hub of innovation, culture, and opportunity. At First USA Mortgage Solutions , we assist Allegheny County buyers and homeowners with expert mortgage support, whether through FHA , VA , or conventional programs. Our team understands the unique real estate trends across Pittsburgh and beyond, helping residents secure the best mortgage options in Allegheny County. Expert help for FHA , VA , and DSCR loans. Streamlined pre-approval and online document submission. Competitive Pittsburgh-area rates with zero surprises. A team dedicated to long-term client relationships. Our Mortgage Solutions We offer a wide range of mortgage solutions to fit your needs, with the expert guidance you can trust. New Purchase Loans Find the perfect loan for your new home, whether you’re a first-time buyer or ready to upgrade. Learn More FHA Loans A great option for first-time buyers with lower down payment requirements and flexible terms. Learn More HELOC Borrow against your home’s equity to access flexible funds with competitive rates for home improvements, debt consolidation, and other expenses. Learn More Refinancing Lower your monthly payments or access your home’s equity with our refinancing options. Learn More Reverse Mortgages Convert your home’s equity into cash with our reverse mortgage solutions, ideal for supplementing retirement. Learn More DSCR Second Mortgage Access your rental property’s equity without verifying personal income—ideal for real estate investors. Learn More VA Loans Exclusive home loan benefits for veterans and active-duty military, tailored to your needs. Lean More Cash Out Refinance Tap into your home’s equity for cash that you can use for any purpose, from home improvements to debt consolidation. Learn More Self-Employed Mortgage Qualify using 12–24 months of bank statements instead of tax returns. Built for business owners, freelancers, and contractors. Learn More Mortgage Calculator Use our free brand new mortgage calculator to estimate your monthly mortgage payment, including your principal and interest, taxes, insurance, and PMI. Calculate What the Mortgage Process Looks Like Initial Discovery: We begin with a conversation about your goals, budget, and timeline to better understand your plans for homeownership. Pre-Approval: Your income, credit, and assets are carefully evaluated to issue a pre-approval letter that helps position your offer competitively. Processing: We collect the required documentation, confirm important details, and organize your file for underwriting. Underwriting: Remaining conditions are thoroughly reviewed, and you receive clear, timely updates throughout the process. Closing: After reviewing your final loan terms and signing the necessary documents, you step into your new home. Loan approval and interest rates are not guaranteed. We are committed to clear communication, accuracy, and honest guidance throughout the mortgage process. Why Choose First USA Mortgage Solutions? Fast and Easy Process Start with a simple application and take the next step toward your dream home. Personalized Service Work with a dedicated mortgage expert who guides you every step of the way. No Hidden Fees Transparent from start to finish—no surprises, just straightforward guidance. Multilingual Support Helping you navigate the process in multiple languages. Learn More About Our Services Frequently Asked Questions Do you offer FHA and VA loans in this area? Yes. We proudly serve Allegheny County (Pittsburgh) with FHA and VA loan programs designed to make homeownership more accessible. How can I get prequalified for a mortgage? What is the average time to close a loan? Do you work with self-employed buyers? Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance

Explore home loans, refinancing, FHA, VA, and DSCR mortgages in Dauphin County, Pennsylvania. Local experts guiding you from pre-approval to closing. Mortgage Lender in Dauphin County, Pennsylvania Dauphin County, home to Pennsylvania’s capital, combines urban convenience with suburban comfort and scenic beauty. At First USA Mortgage Solutions , we help local residents explore home loan programs that fit their goals and budgets. From pre-qualification to closing, we ensure your experience is efficient, transparent, and stress-free. Get Prequalified Today Other Services Trusted by Homebuyers & Investors Across Florida and Pennsylvania → Read Client Experiences 65+ Google Reviews Smart Lending for Dauphin County’s Diverse Market From the Capitol streets of Harrisburg to the suburban comfort of Hummelstown , Dauphin County is full of opportunity. First USA Mortgage Solutions helps you take the next step confidently, offering local insights and flexible mortgage programs for buyers , refinancers , and investors alike. Programs tailored to government employees and private workers. FHA , VA , and DSCR loan expertise. Digital convenience with real human support. Competitive rates for Dauphin County homeowners. Our Mortgage Solutions We offer a wide range of mortgage solutions to fit your needs, with the expert guidance you can trust. New Purchase Loans Find the perfect loan for your new home, whether you’re a first-time buyer or ready to upgrade. Learn More FHA Loans A great option for first-time buyers with lower down payment requirements and flexible terms. Learn More HELOC Borrow against your home’s equity to access flexible funds with competitive rates for home improvements, debt consolidation, and other expenses. Learn More Refinancing Lower your monthly payments or access your home’s equity with our refinancing options. Learn More Reverse Mortgages Convert your home’s equity into cash with our reverse mortgage solutions, ideal for supplementing retirement. Learn More DSCR Second Mortgage Access your rental property’s equity without verifying personal income—ideal for real estate investors. Learn More VA Loans Exclusive home loan benefits for veterans and active-duty military, tailored to your needs. Lean More Cash Out Refinance Tap into your home’s equity for cash that you can use for any purpose, from home improvements to debt consolidation. Learn More Self-Employed Mortgage Qualify using 12–24 months of bank statements instead of tax returns. Built for business owners, freelancers, and contractors. Learn More Mortgage Calculator Use our free brand new mortgage calculator to estimate your monthly mortgage payment, including your principal and interest, taxes, insurance, and PMI. Calculate What the Mortgage Process Looks Like Initial Discovery: We begin with an open conversation about your goals, budget, and timeline to gain a clear understanding of your priorities. Pre-Approval: We review your income, credit, and assets to provide a clear and dependable pre-approval letter. Processing: We gather the necessary documents, verify details, and prepare your file for underwriting. Underwriting: Any outstanding conditions are addressed, and we maintain clear, timely communication throughout the review. Closing: You finalize your loan terms, sign the required documents, and step into your new home with confidence. Loan approval and interest rates are not guaranteed. We are committed to providing honest, transparent guidance at every stage of the mortgage process. Why Choose First USA Mortgage Solutions? Fast and Easy Process Start with a simple application and take the next step toward your dream home. Personalized Service Work with a dedicated mortgage expert who guides you every step of the way. No Hidden Fees Transparent from start to finish—no surprises, just straightforward guidance. Multilingual Support Helping you navigate the process in multiple languages. Learn More About Our Services Frequently Asked Questions Do you offer FHA and VA loans in this area? Yes. We proudly serve Dauphin County with FHA and VA loan programs designed to make homeownership more accessible. How can I get prequalified for a mortgage? What is the average time to close a loan? Do you work with self-employed buyers? Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance

Looking for a trusted mortgage lender in Bucks County, PA? Get local expertise, personalized loan options, and dedicated support from pre-approval to closing. Mortgage Solutions in Bucks County, Pennsylvania Bucks County combines historic charm with modern living — from the riverside streets of New Hope to the quiet neighborhoods of Doylestown. It’s a place where community values meet long-term stability. At First USA Mortgage Solutions , we understand the local housing market and provide tailored mortgage solutions that make homeownership easier and more transparent. Our experts help you compare options, secure the right loan, and move into your dream home with confidence. Get Prequalified Today Other Services Trusted by Homebuyers & Investors Across Florida and Pennsylvania → Read Client Experiences 65+ Google Reviews Why Bucks County Homeowners Choose Us From Doylestown to Yardley and Newtown , Bucks County’s charm lies in its strong communities and scenic Delaware River backdrop. The local housing market blends history with opportunity — and we help you make the most of both. At First USA Mortgage Solutions , we know Bucks County inside out. We help buyers compare options, calculate payments, and secure competitive rates that work for their lifestyle. Whether it’s your first home or your forever home, we make the process simple and stress-free. Tailored mortgage programs that reflect Bucks County’s unique housing mix. Guidance for FHA , VA , and conventional loan applicants. Clear, educational approach — no jargon, no hidden fees. Trusted by homeowners across Doylestown, Langhorne, and beyond. Our Mortgage Solutions We offer a wide range of mortgage solutions to fit your needs, with the expert guidance you can trust. New Purchase Loans Find the perfect loan for your new home, whether you’re a first-time buyer or ready to upgrade. Learn More FHA Loans A great option for first-time buyers with lower down payment requirements and flexible terms. Learn More HELOC Borrow against your home’s equity to access flexible funds with competitive rates for home improvements, debt consolidation, and other expenses. Learn More Refinancing Lower your monthly payments or access your home’s equity with our refinancing options. Learn More Reverse Mortgages Convert your home’s equity into cash with our reverse mortgage solutions, ideal for supplementing retirement. Learn More DSCR Second Mortgage Access your rental property’s equity without verifying personal income—ideal for real estate investors. Learn More VA Loans Exclusive home loan benefits for veterans and active-duty military, tailored to your needs. Lean More Cash Out Refinance Tap into your home’s equity for cash that you can use for any purpose, from home improvements to debt consolidation. Learn More Self-Employed Mortgage Qualify using 12–24 months of bank statements instead of tax returns. Built for business owners, freelancers, and contractors. Learn More Mortgage Calculator Use our free brand new mortgage calculator to estimate your monthly mortgage payment, including your principal and interest, taxes, insurance, and PMI. Calculate What the Mortgage Process Looks Like Initial Discovery: Discuss your goals, budget, and timeline to find the right fit. Pre-Approval: We’ll review your income, credit, and assets to issue a pre-approval letter. Processing: Gather documents, confirm details, and prepare your file for underwriting. Underwriting: Address any conditions and stay updated with clear communication. Closing: Finalize your terms, sign documents, and receive the keys to your new home. No guaranteed approval or rate commitments — our focus is on transparency and clear guidance throughout the process. Why Choose First USA Mortgage Solutions? Fast and Easy Process Start with a simple application and take the next step toward your dream home. Personalized Service Work with a dedicated mortgage expert who guides you every step of the way. No Hidden Fees Transparent from start to finish—no surprises, just straightforward guidance. Multilingual Support Helping you navigate the process in multiple languages. Learn More About Our Services Frequently Asked Questions Do you offer FHA and VA loans in this area? Yes. We proudly serve Bucks County with FHA and VA loan programs designed to make homeownership more accessible How can I get prequalified for a mortgage? What is the average time to close a loan? Do you work with self-employed buyers? Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance

Explore home loans, refinancing, FHA, VA, and DSCR mortgages in York County, Pennsylvania. Local experts guiding you from pre-approval to closing. Mortgage Lender in York County, Pennsylvania Montgomery County is one of the most dynamic residential areas in the Greater Philadelphia region — offering suburban comfort, strong communities, and quick access to both the city and the countryside. At First USA Mortgage Solutions , we help homebuyers and homeowners across Montgomery County navigate the mortgage process with clarity and confidence. Whether you’re buying your first home, upgrading, or refinancing, our local team provides personalized loan options and expert guidance from start to finish. Get Prequalified Today Other Services Trusted by Homebuyers & Investors Across Florida and Pennsylvania → Read Client Experiences 65+ Google Reviews Helping York County Homeowners Move Forward From Hanover to Shrewsbury , York County offers affordability and opportunity in every direction. At First USA Mortgage Solutions , we believe the right mortgage is more than a rate — it’s a foundation for your financial future. Our team helps you explore smart options for purchasing or refinancing , backed by experience and integrity. Competitive programs for first-time and returning buyers. Refinancing strategies that fit long-term financial goals. Trusted FHA , VA , and conventional loan expertise. Local York County support that feels personal and reliable. Our Mortgage Solutions We offer a wide range of mortgage solutions to fit your needs, with the expert guidance you can trust. New Purchase Loans Find the perfect loan for your new home, whether you’re a first-time buyer or ready to upgrade. Learn More FHA Loans A great option for first-time buyers with lower down payment requirements and flexible terms. Learn More HELOC Borrow against your home’s equity to access flexible funds with competitive rates for home improvements, debt consolidation, and other expenses. Learn More Refinancing Lower your monthly payments or access your home’s equity with our refinancing options. Learn More Reverse Mortgages Convert your home’s equity into cash with our reverse mortgage solutions, ideal for supplementing retirement. Learn More DSCR Second Mortgage Access your rental property’s equity without verifying personal income—ideal for real estate investors. Learn More VA Loans Exclusive home loan benefits for veterans and active-duty military, tailored to your needs. Lean More Cash Out Refinance Tap into your home’s equity for cash that you can use for any purpose, from home improvements to debt consolidation. Learn More Self-Employed Mortgage Qualify using 12–24 months of bank statements instead of tax returns. Built for business owners, freelancers, and contractors. Learn More Mortgage Calculator Use our free brand new mortgage calculator to estimate your monthly mortgage payment, including your principal and interest, taxes, insurance, and PMI. Calculate What the Mortgage Process Looks Like Initial Discovery: We begin with an open conversation about your goals, budget, and timeline to fully understand your priorities. Pre-Approval: We review your income, credit, and assets to deliver a clear, dependable pre-approval letter. Processing: We gather the necessary documents, confirm details, and prepare your file for underwriting. Underwriting: Any outstanding conditions are addressed, with clear and timely communication throughout the review. Closing: You finalize your loan terms, sign the required documents, and confidently step into your new home. Loan approval and interest rates are not guaranteed. We remain focused on providing honest, transparent guidance at every stage of the mortgage process. Why Choose First USA Mortgage Solutions? Fast and Easy Process Start with a simple application and take the next step toward your dream home. Personalized Service Work with a dedicated mortgage expert who guides you every step of the way. No Hidden Fees Transparent from start to finish—no surprises, just straightforward guidance. Multilingual Support Helping you navigate the process in multiple languages. Learn More About Our Services Frequently Asked Questions Do you offer FHA and VA loans in this area? Yes. We proudly serve York County with FHA and VA loan programs designed to make homeownership more accessible. How can I get prequalified for a mortgage? What is the average time to close a loan? Do you work with self-employed buyers? Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance

Explore first-time homebuyer programs offering down payment help and low-interest loans. Get prequalified with First USA Mortgage Solutions today. > Services > First Time Home Buyer > FIRST-TIME HOMEBUYER PROGRAMS Your Path to Homeownership Buying your first home is one of the biggest financial decisions you’ll make. The good news: you don’t have to figure it out alone, and you probably don’t have to come up with as much cash as you think. Whether you’re buying in Pennsylvania or Florida , there are state-sponsored programs that can cover part of your down payment, reduce your closing costs , or both — often at zero interest. Get Prequalified Today Other Services Trusted by Homebuyers & Investors Across Florida and Pennsylvania → Read Client Experiences 65+ Google Reviews AT A GLANCE Programs for First-Time Homebuyers - PA & FL Pennsylvania (PHFA) PA MAIN PROGRAMS Keystone Advantage , K-FIT , HOMEstead , K-FLEX MAX DPA Up to $6,000 (Advantage) or 5% no cap (K-FIT) MIN. CREDIT SCORE 660 FORGIVABLE? Yes — K-FIT (10 yrs) & HOMEstead (5 yrs) WHO QUALIFIES First-time buyers or targeted-area buyers HOMEBUYER EDUCATION Required for scores below 680 Florida (FHFC) FL Main programs FL Assist , Hometown Heroes , HFA Preferred Grant Max DPA Up to $10,000 (FL Assist) or $35,000 (Hometown Heroes) Min. credit score 640 Forgivable option? Yes — Hometown Heroes (5 yrs) & HFA Grant (5 yrs) Who qualifies First-time buyers or Hometown Heroes workers Homebuyer education Required for all programs PENNSYLVANIA Pennsylvania Programs (PHFA) Pennsylvania’s first-time homebuyer programs are administered by the Pennsylvania Housing Finance Agency (PHFA). Most require you to pair them with a PHFA first mortgage (Keystone Home Loan, HFA Preferred, or similar). Keystone Advantage — DOWN PAYMENT ASSISTANCE Keystone Advantage Assistance Loan BEST FOR Buyers who need help with down payment or closing costs on a conventional, FHA, VA, or USDA loan. Up to 4% of the purchase price or $6,000 — whichever is less 0% interest , repaid over 10 years in equal monthly installments Minimum credit score: 660 Liquid assets after closing must not exceed $50,000 Cannot be combined with other PHFA assistance programs (except the Access Modification Loan) This is a loan, not a grant — you will repay it, but at zero interest. Monthly payments are modest given the 10-year term. — FORGIVABLE ASSISTANCE K-FIT — Keystone Forgivable in Ten Years Loan Program BEST FOR Buyers who plan to stay in the home long-term and want assistance that disappears over time. 5% of the purchase price or appraised value — no maximum dollar cap No monthly payments Forgiven at 10% per year over 10 years — stay in the home and the full balance is forgiven Must be used with a PHFA first mortgage — FORGIVABLE ASSISTANCE K-FLEX — Keystone Flex Loan Program BEST FOR Buyers with higher incomes who don’t qualify for Keystone Home Loan income limits but still want forgivable assistance. 5% of the purchase price toward down payment and closing costs — no dollar cap Forgiven over 10 years, no monthly payments No first-time buyer requirement in any PA county Income limit: $204,000 (individual borrower income, not household) Purchase price limit: $709,300 Minimum credit score: 660 K-FIT K-FLEX HOMEstead — DOWN PAYMENT ASSISTANCE HOMEstead Down Payment and Closing Cost Assistance BEST FOR Lower-income first-time buyers in eligible counties. Up to $10,000 in interest-free assistance Forgiven at 20% per year — fully forgiven after 5 years Available in select counties only (funded through federal HOME program) Income must be at or below 80% of the Area Median Income (AMI) First-time buyer or targeted-area purchase required Pennsylvania Income and Purchase Price Limits (Effective June 30, 2025) Limits vary by county and household size. Examples for key regions served by First USA Mortgage Solutions: FLORIDA Florida Programs (FHFC) Florida's first-time homebuyer programs run through the Florida Housing Finance Corporation (FHFC). All programs require working with an FHFC-approved lender and completing an HUD-approved homebuyer education course before closing. Minimum credit score for all FHFC programs: 640 . FL Assist — DEFFERED SECOND MORTGAGE FL Assist – Florida Assist Second Mortgage BEST FOR First-time buyers who want straightforward closing-cost help without raising their monthly payment. Up to $10,000 at 0% interest No monthly payments – deferred second mortgage Repeat when you sell, refinance, or no longer occupy home as your primary residence Available statewide through FHC–approved lenders — HEROES PROGRAM Hometown Heroes Housing Program BEST FOR Teachers, nurses, first responders, healthcare workers, military members, and 100+ other qualifying occupations. Up to 5% of the first mortgage amount , maximum $35,000 0% interest, no monthly payments – deferred second mortgage Repay when you sell, refinance, or move out Military members and veterans are exempt from the first-time buyer requirements Income limit is 150% of AMI (roughly $142,950-$185,850 across FL markets) Hometown Heroes funding is limited annually and has historically commited all funds by late winter/early spring. Apply early – 2025/26 funds were fully committed by February 2026. Hometown Heores — FORGIVABLE GRANT HFA Preffered Grant / HFA Advantage Advantage Plus BEST FOR Conventional loan buyers who want forgivable assistance without a second-mortgage payment. 3–5% of the loan amount as a forgivable grant Forgiven after 5 years if you remain in the home Paired with an HFA Preferred (Fannie Mae) or HFA Advantage (Freddie Mac) first mortgage No first-time buyer requirement in some cases HFA Preffered — LOW-INTEREST LOAN FL HLP – Florida Homeownership Loan Program BEST FOR Buyers who need more than $10,000 and can handle a small additional monthly payment. Up to $10,000 at 3% interest Monthly payments over 15 years Remaining balance due on sale, refinance, or payoff of first mortgage — LOW-INTEREST LOAN County-Level Programs (SHIP Grants) BEST FOR Buyers in counties where First USA Mortgage Solutions actively originates loans - additional assistance on top of statewide programs. Many Florida counties offer additional assistance through the State Housing Initiatives Partnership (SHIP) program on top of the statewide FHFC programs. These can range from $8,000 to $100,000+ depending on the county and your income. Pinellas County: up to $12,000 (0% deferred second mortgage, launched May 2025) Pasco and Polk counties: up to $8,000 Orange County / City of Orlando: separate programs available independently of FHFC SHIP funding is county-administered and varies. Contact us to check current availability for your specific county. NEXT STEPS How to Apply How to Apply in Pennsylvania 1 Determine eligibility — income, credit score, and county-specific limits 2 Complete a homebuyer education course — required for all PHFA programs; face-to-face required if FICO is below 680 3 Work with a PHFA-approved lender 4 Choose your first mortgage and pair it with the appropriate assistance program 5 Submit your application and close How to Apply in Florida 1 Check your eligibility — income, credit score, and occupation (for Hometown Heores) 2 Complete a HUD-approved homebuyer education course — required before closing for all FHFC programs 3 Work with a FHFC-approved lender 4 Select your program and pair it with the right first mortgage 5 Apply early - especially for Hometown Heores, which can run out of funding by early spring Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance IS THIS FOR YOU? Who We Work Best With Not everyone qualifies for the best mortgage solutions. We work with homebuyers who are serious about finding the right fit — not just the lowest number. Have already found a home or are actively searching Whether you're just browsing or ready to buy, we can help you secure the right financing. Want a mortgage plan tailored to their financial goals We don't believe in one-size-fits-all loans. Our advisors help you find a mortgage that works for your unique situation. Are looking for expert guidance, not just the lowest rate A mortgage is more than a number. We provide clear, transparent advice to help you make the smartest long-term decision. Understand that a good mortgage is an investment We work with buyers who value smart, strategic mortgage planning — not just the cheapest option today. START YOUR JOURNEY Start Your Homeownership Journey Today At First USA Mortgage Solutions , we are committed to helping you explore and take advantage of first-time homebuyer assistance programs. Contact us for expert guidance through the entire mortgage process. Get Started with Your Prequalification Frequently Asked Questions Who counts as a “first-time homebuyer”? In both Pennsylvania and Florida, a first-time homebuyer is anyone who has not owned a primary residence in the past three years. If you owned a home and sold it more than three years ago, you typically qualify. Veterans and buyers purchasing in designated target areas may qualify without meeting this requirement. Can I combine different assistance programs? Do I need to complete a homebuyer education course? What credit score do I need? How much can I actually receive?

Business-purpose loans for Florida real estate investors — DSCR loans, Non-QM bank statement programs, 30-year fixed LLC financing, and commercial property loans. Serving Miami, Orlando, Tampa, Jacksonville and more. Fast approvals with no W-2 income required. > Services > Commercial & Investment Loans Florida > FLORIDA · COMMERCIAL & INVESTMENT LOANS Florida Commercial & Investment Loans — DSCR, Non-QM & LLC Financing Designed for Real Estate Investors — No W-2s or Tax Returns Required Florida is one of the most active real estate investment markets in the United States. With strong rental demand, rapid population growth, favorable tax conditions , and a thriving short-term rental ecosystem, investors from across the country are expanding their portfolios here. Our commercial and investment loan programs are designed specifically for business-purpose financing — ideal for rental properties, short-term rentals, multi-unit buildings, and LLC-structured purchases. Get Prequalified Today Other Services Trusted by Homebuyers & Investors Across Florida and Pennsylvania → Read Client Experiences 65+ Google Reviews LOAN PROGRAMS AVAILABLE Four Programs for Florida Investors Florida offers one of the most diverse sets of lending options for real estate investors. These programs focus on property performance rather than traditional W-2 income. DSCR Loans Qualify based purely on rental cash flow — no W-2s or tax returns required. Ideal for long-term and short-term rentals. Non-QM Bank Statement Loans Self-employed or complex financials? Qualify using 12–24 months of bank deposits instead of traditional documentation. 30-Year Fixed for LLCs Buy investment properties through an LLC with long-term fixed-rate stability and investor-friendly structure. Commercial Real Estate Loans Financing for office, retail, industrial, or multifamily 5+ units — evaluated on asset performance, not personal income. DSCR Loans LOAN PROGRAMS IN DETAIL Loan Programs Available in Florida Below is an overview of the main investor-friendly loan types available across Miami, Orlando, Tampa, Jacksonville and surrounding markets. — NO INCOME DOCS DSCR Loans BEST FOR Investors who want to qualify based purely on rental income — with no W-2s, tax returns, or employment history. Read More No W-2s or tax returns required — approval based on rental income (LTR or STR) LLC ownership allowed — ideal for investors using entity structures Available for long-term and short-term rentals (Airbnb, VRBO) Fast underwriting and closings — common-sense property-based review Especially popular in Miami, Orlando, Tampa where strong rental income supports favorable DSCR ratios Non-QM Bank Statement Loans — SELF-EMPLOYED Non-QM Bank Statement Loans (12–24 Months) BEST FOR Self-employed borrowers whose tax documents don't reflect true income — business owners, contractors, and high-income professionals. Read More Qualify using bank deposits instead of tax returns Higher loan amounts available compared to standard programs Flexible guidelines for business owners and self-employed borrowers Works for both long-term and short-term rental properties Widely used in Miami-Dade, Fort Lauderdale, and Naples where many investors are high-income self-employed professionals — LLC INVESTORS 30-Year Fixed Loans for LLC Investors BEST FOR Buy-and-hold investors who want to combine a stable long-term payment with the liability protection and tax benefits of an LLC structure. Combines the familiarity of a traditional mortgage with LLC ownership structure Stable monthly payment while maintaining liability protection and cleaner bookkeeping Ideal for buy-and-hold investors focused on long-term stability Minimal documentation — well-suited for investors focused on portfolio expansion Strong fit for long-term rentals in Orlando, Tampa, and Jacksonville 30-Year Fixed Commercial Real Estate (CRE) — COMMERCIAL Commercial Real Estate (CRE) Loans BEST FOR Investors purchasing office, retail, industrial, warehouse, or multifamily 5+ unit properties — evaluated on the asset, not personal income. Evaluates performance and potential of the asset itself rather than borrower personal income Qualifying properties: office and medical buildings, retail and shopping centers, industrial or warehouse space, multifamily 5+ units , mixed-use properties Common in Tampa Bay (industrial growth), Miami (mixed-use and multifamily), and Jacksonville (logistics hubs) Florida's rapidly expanding commercial market creates strong opportunities across multiple asset classes WHY FLORIDA Why Florida Is One of the Best States for Real Estate Investors Florida isn't just a popular vacation destination — it's one of the strongest and most resilient real estate investment markets in the United States . Investors are drawn here for a reason. A Growing Population That Fuels Rental Demand Florida continues to attract new residents at one of the fastest rates in the country. People are moving from high-cost states like New York, New Jersey, and California — and they need places to live. For investors, that means stronger occupancy, steady rental income, and a tenant base that grows every year . Cities like Tampa, Orlando, and Jacksonville have seen impressive long-term demand for both entry-level and mid-range rentals. No State Income Tax One of the biggest financial advantages of investing in Florida is simple: no state income tax . This attracts high-income earners, entrepreneurs, retirees, and remote workers — all of whom contribute to a strong housing market. For investors, it often means better cash flow and a more favorable environment for long-term portfolio growth. High-Performing Short-Term Rental Markets Florida is home to some of the most profitable short-term rental destinations in the U.S.: Miami — year-round tourism and high nightly rates Orlando — millions of visitors annually thanks to Disney and Universal Tampa and Clearwater — beach tourism and business travel For DSCR and Non-QM borrowers, strong STR income often supports favorable ratios Strong Appreciation and Long-Term Stability Florida's major counties — including Miami-Dade, Orange, Palm Beach, Hillsborough, and Pinellas — have shown consistent property value appreciation over the past decade. Investors benefit not only from rental income, but from the long-term equity growth that these markets continue to deliver. THE PROCESS How These Loans Work in Florida Investor loans work very differently from traditional mortgages. Instead of focusing on W-2s or tax returns, these programs evaluate the property itself and the income it's capable of generating . That means you can qualify based on real rental performance rather than navigating complicated personal documentation. Our goal is to help you use that flexibility to your advantage — so you can move forward with clarity and confidence . Appraisals in Florida also reflect the realities of this market. Depending on the loan type, the valuation may consider long-term rental income, short-term rental projections, or neighborhood performance trends — not generic assumptions that don't fit our market. And when you're ready to close, Florida supports fast, investor-friendly closings . Many DSCR and Non-QM loans can be completed in as little as 14 to 25 days — whether you live in Florida or invest from out of state. 01 Start With a Quick Consultation One of our commercial and investor lending specialists will review your scenario and help you understand your financing options. 02 Get Pre-Qualified for the Right Program We guide you through a streamlined pre-qualification process designed for business-purpose loans — DSCR, Non-QM, or commercial financing. 03 Close on Your Investment Property with Confidence Once approved, we coordinate the final steps and work closely with all parties to ensure a smooth, timely closing. You'll move forward knowing your financing supports your investment plan. ELIGIBILITY REQUIREMENTS Typical Requirements While each loan program has its own underwriting guidelines , most Florida investor loans follow similar baseline expectations. The following ranges reflect common industry standards and may vary by lender: DSCR ratio: Often 1.0+; some programs may allow lower ratios (0.75–0.99) with compensating factors Down payment: Typically 15–25%, depending on the property type and loan structure Credit score: Generally 620–700+ for most programs Reserves: Approximately 3–12 months of payments, varying by loan product and risk profile Income-producing property: The property must generate, or reasonably be expected to generate, rental income Business-purpose intent: The loan must be used for investment or commercial purposes, not for personal occupancy Let’s find the right path for you Answer a few quick questions and we’ll guide you toward the right options. No pressure. No commitment. Or simply... CALL US NOW! +1 (888) 716-3867 ✔ No impact on your credit ✔ Free consultation ✔ Personalized guidance IS THIS FOR YOU? Who We Work Best With Not everyone qualifies for the best mortgage solutions. We work with homebuyers who are serious about finding the right fit — not just the lowest number. Have already found a home or are actively searching Whether you're just browsing or ready to buy, we can help you secure the right financing. Want a mortgage plan tailored to their financial goals We don't believe in one-size-fits-all loans. Our advisors help you find a mortgage that works for your unique situation. Are looking for expert guidance, not just the lowest rate A mortgage is more than a number. We provide clear, transparent advice to help you make the smartest long-term decision. Understand that a good mortgage is an investment We work with buyers who value smart, strategic mortgage planning — not just the cheapest option today. EXPLORE YOUR OPTIONS Start With a Quick Consultation Contact our team for a free mortgage estimate. Whether you're considering DSCR, Non-QM, LLC, or commercial financing — we'll help you identify the program that aligns with your strategy. Get Started with Your Prequalification Frequently Asked Questions Are these loans available for primary residences? No. All programs listed on this page are strictly business-purpose loans. They can only be used for investment or commercial properties, not for homes you plan to occupy. Can I qualify without W-2s, tax returns, or pay stubs? Can I qualify using Airbnb or short-term rental income? What DSCR ratio do I need in Florida? Can I buy the property through an LLC? Do foreign investors qualify for these programs? How fast can I close on a Florida investment property? Do I need a lease signed before applying? What credit score do I need? What down payment is required for Florida investor loans? Are interest-only options available? Can I refinance an existing Florida rental property through these programs? Do these loans appear on my personal credit report? Do I need rental experience to qualify? Are reserves required? What if the property doesn’t cash-flow? Start With a Quick Consultation Contact our team for a free mortgage estimate. +1 (888) 716-3867 megan@fumsolutions.com sergio@fumsolutions.com

Use our Pennsylvania mortgage calculator to estimate your monthly mortgage payments. Quickly calculate costs, including homeowners insurance, property taxes, and PMI. Mortgage Calculator Estimate Your Monthly Payment with Ease Planning to buy a new home? Use our easy-to-navigate mortgage calculator to estimate your monthly payments and understand how factors like interest rates and down payments influence your costs. Home Price Enter the estimated price of the home you are looking to purchase. $100 000 Down Payment Set the percentage of the home price you plan to pay upfront. Typically, a 20% down payment avoids PMI (Private Mortgage Insurance). 20.0% = $20,000 Interest rate Adjust the interest rate. Check current rates from your lender or online sources. 7% Search Did you know? Your credit score has a significant impact on your interest rate. Loan Term * 15 years fixed 20 years fixed 30 years fixed Your estimated mortgage monthly payment is This estimate includes only your mortgage payment (principal and interest). It does not account for additional costs such as homeowners insurance, property taxes, or PMI (Private Mortgage Insurance), which can significantly impact your total monthly payment. You can calculate an estimate of these additional costs in the section below . $532.24 Does this look good? Let's discuss your mortgage options! Disclaimer: The results provided by this calculator are for informational purposes only and are based on the data you entered. Actual loan terms, property taxes, and insurance costs may vary depending on your location and lender. Please consult with a licensed mortgage professional for a more accurate assessment . Additional Costs When calculating your mortgage payment, it's important to consider more than just the loan and interest. Homeownership comes with extra expenses, such as property taxes, homeowners insurance, and, in some cases, private mortgage insurance (PMI). These costs vary based on your location, loan details, and home value. Use this section to estimate your total monthly payment, including these essential expenses. Homeowners Insurance (% per year of home value) Search Homeowners insurance covers damages to your home and belongings. Typically ranges from 0.5% to 1% of the home value per year. Your Estimated Monthly Payment of Taxes + Insurance: PMI (Private Mortgage Insurance) Search $83.33 $216.66 PMI is required if your down payment is less than 20% of the home price. PMI rates vary but average around 0.5% to 1% of the loan amount per year. $0 Property Taxes Search Property taxes are based on the value of the home and local tax rates. Rates typically range from 0.5% to 2% of the home value per year. The total payment shown above is an estimate and includes only typical costs such as homeowners insurance, property taxes, and PMI. These costs can vary significantly based on your location, the value of your home, and your lender's requirements. The default values provided are based on average estimates in Pennsylvania. We encourage you to contact us or consult local resources to refine your calculations. $133.33 Disclaimer: The results provided by this calculator are for informational purposes only and are based on the data you entered. Actual loan terms, property taxes, and insurance costs may vary depending on your location and lender. Please consult with a licensed mortgage professional for a more accurate assessment . Anchor 1 How Credit Score Affects Your Mortgage How Credit Score Affects Your Mortgage What is a credit score? Your credit score is a numerical representation of your creditworthiness. Lenders use it to determine your mortgage interest rate. Scores typically range from 300 to 850. How does it affect my loan? A higher credit score can lower your interest rate, saving you thousands of dollars over the life of your loan. A lower credit score may result in a higher rate or require a larger down payment. Where can I check my credit score? You can check your credit score for free through: Credit Karma Annual Credit Report Understanding Homeowners Insurance Understanding Homeowners Insurance What is homeowners insurance? It protects your home against damages or disasters, such as fire, storms, or theft. It also includes liability protection for accidents on your property. Is it required? Yes, most lenders require homeowners insurance as part of your mortgage agreement. How much does it cost? On average, homeowners insurance costs around $1,200–$1,500 per year in Pennsylvania. Rates depend on your location, home value, and coverage amount. Tips to lower your cost: Bundle with other insurance policies. Increase your deductible. Compare rates from multiple providers. What You Need to Know About Property Taxes What You Need to Know About Property Taxes What are property taxes? Property taxes are annual fees paid to your local government based on the assessed value of your property and the local tax rate. How much are property taxes in Pennsylvania? Rates vary by county but generally range from 1% to 3% of your home’s value annually. How are they paid? Often included in your monthly mortgage payment through escrow. Alternatively, you can pay them directly to your local tax authority. Property tax resources: Pennsylvania Tax Calculator What is PMI and When Do You Need It? What is PMI and When Do You Need It? What is PMI? PMI is insurance that protects the lender if you default on your mortgage. It is typically required if your down payment is less than 20%. How much does PMI cost? PMI usually costs between 0.5% and 1% of the loan amount annually. For example: On a $200,000 loan, PMI might cost $1,000–$2,000 per year. How can I avoid PMI? Save for a 20% down payment. Look for lender-paid PMI options. Can PMI be removed? Yes! Once you’ve paid down your loan to 80% of its original value, you can request to have PMI removed. Anchor 2 If you're a resident of Pennsylvania , our team is here to help you secure the best mortgage. For a more personalized conversation, please share your details below. To personalize our recommendations, please share your credit score and provide your contact details below. Let’s Get Started on Your Home Loan Together First name* Last name* Phone* Email* Home Price Down Payment Credit Score I acknowledge and consent to the handling of my personal information as described in the Privacy Policy . Submit my details Call Us