🎉 Jumbo Lender Florida | Amy Harvell

Choosing the right mortgage plan is crucial for achieving your homeownership goals while maintaining financial stability. Amy Harvell at New American Funding can help you find the best mortgage plan tailored to your needs in Florida.

• Evaluate Your Financial Situation: Amy will start by assessing your credit score, income, debt-to-income ratio, and savings. This helps determine which loan products you qualify for and which mortgage options will offer the best terms for your unique financial situation.
• Understand Your Homeownership Goals: Whether you’re a first-time homebuyer, purchasing an investment property, or refinancing, Amy will help you select the most suitable mortgage option. Fixed-rate mortgages offer long-term stability, while adjustable-rate mortgages (ARMs) might be a better choice if you’re planning to move or refinance within a few years.
• Compare Loan Products: New American Funding offers a variety of loan products, including conventional loans, FHA loans, VA loans, and jumbo loans. Jumbo loans are ideal for high-value properties, while FHA loans are well-suited for first-time homebuyers with smaller down payments. Amy will guide you in comparing the features of each loan to find the one that best fits your needs.
• Choose the Right Loan Term: Deciding between a 15-year and a 30-year loan is important. A shorter loan term results in higher monthly payments but saves you money in interest, while a longer term reduces your monthly payments but incurs more interest over time. Amy will help you make the best choice based on your financial goals and budget.
• Account for Additional Costs: In addition to your mortgage payment, there are other costs to consider, such as property taxes, homeowner’s insurance, and possibly private mortgage insurance (PMI) if your down payment is less than 20%. Amy will ensure you are aware of all the potential costs involved in your home purchase.

For personalized advice on selecting the best mortgage plan for your needs in Florida, contact Amy Harvell at (850) 598-2714.

Improving your credit score is a key step to securing better mortgage rates and terms. Amy Harvell at New American Funding is here to help you take the necessary steps to boost your credit score before applying for a mortgage.

1. Review Your Credit Report
   Start by reviewing your credit report from all three major credit bureaus—Equifax, Experian, and TransUnion. Amy will help you identify any inaccuracies or outdated information that could be affecting your score and guide you on how to correct these errors.
2. Dispute Credit Report Errors
   If there are errors on your credit report, disputing them is critical. Amy will guide you through the process of filing disputes and ensuring that your credit report reflects your accurate credit history.
3. Pay Down Debt
   One of the most effective ways to boost your credit score is to reduce your outstanding debt. Lenders look at your credit utilization ratio, which is the percentage of your available credit that you’re using. Keeping this ratio below 30% is ideal. Amy can help you develop a strategy to pay down your debt and improve your credit score.
4. Avoid New Credit Applications
   Applying for new credit accounts before applying for a mortgage can lower your score. Each inquiry on your credit report slightly reduces your score, and new credit adds to your debt-to-income ratio. Amy recommends avoiding any new credit applications in the six months leading up to your mortgage application.
5. Make Timely Payments
   Your payment history is one of the most important factors in determining your credit score. Ensure that all bills, including credit cards, loans, and utilities, are paid on time. Amy can help you set up automatic payments or reminders to avoid missing due dates and ensure a strong payment history.
6. Resolve Negative Items on Your Credit Report
   If there are negative items such as late payments, collections, or charge-offs on your credit report, addressing these is crucial. Amy will work with you to settle outstanding debts, which may lead to the removal of these negative marks and an improvement in your score.

By following these steps, you can significantly improve your credit score and secure better mortgage terms. For personalized advice, contact Amy Harvell at (850) 598-2714.

Yes, whether you’re refinancing or purchasing a home, Amy Harvell at New American Funding can provide expert guidance throughout the process and help you secure the best mortgage solution for your financial situation.

Home Purchase with Amy Harvell at New American Funding

• Pre-Qualification and Pre-Approval: The first step in buying a home is obtaining pre-qualification or pre-approval for a mortgage. Pre-qualification gives you an estimate of how much you can afford, while pre-approval involves a detailed review of your finances and strengthens your offer. Amy will guide you through both processes, ensuring you’re prepared to make a strong offer when you find the right home.
• Choosing the Right Loan Product: New American Funding offers various mortgage products, including conventional loans, FHA loans, VA loans, and jumbo loans. Depending on your financial situation and homeownership goals, Amy will help you select the loan that best fits your needs.
• Securing a Competitive Interest Rate: Interest rates play a significant role in your monthly mortgage payments. Amy will help you secure the most competitive rate, ensuring your mortgage is affordable over the life of the loan.
• Personalized Support: From the initial application to closing, Amy provides personalized guidance to ensure a smooth and successful home buying experience. She’ll walk you through each step, so you feel confident throughout the process.

Refinancing with Amy Harvell at New American Funding

• Lowering Your Interest Rate: Refinancing can help you secure a lower interest rate, reducing your monthly payments. Amy will review your current loan terms and help determine whether refinancing is the right option for you.
• Cash-Out Refinancing: If you’ve built up equity in your home, cash-out refinancing allows you to borrow against that equity for major expenses, such as home improvements or debt consolidation. Amy will help you evaluate whether cash-out refinancing fits your financial goals.
• Shortening Your Loan Term: Refinancing can also allow you to shorten your loan term. While this results in higher monthly payments, it reduces the total interest paid over time. Amy will help you decide whether shortening your loan term aligns with your financial objectives.

For assistance with refinancing or purchasing a home, contact Amy Harvell at (850) 598-2714 to explore your options today.

To begin your mortgage application with Amy Harvell at New American Funding, gathering the necessary documents in advance will streamline the process and help everything move efficiently. Here’s what you’ll need:

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: You’ll need to provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: Submit your most recent pay stubs, typically covering at least 30 days, to confirm your current earnings.
  • Tax Returns: If you’re self-employed or have additional income streams, you’ll need to provide federal tax returns for the past two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required to verify your identity.
  • Social Security Number: This will be used to pull your credit report and confirm your identity.
• Credit History:
  • Credit Report: Amy will review your credit report to assess your mortgage eligibility.
  • Debt Information: You’ll need to provide documentation of any outstanding debts, such as credit cards, student loans, or auto loans, so Amy can calculate your debt-to-income ratio.
• Proof of Assets:
  • Bank Statements: You’ll need to provide the last two months of bank statements to verify available funds for your down payment and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or investment accounts, you’ll need statements showing the available balances.
• Proof of Employment:
  • Verification of Employment: Amy may contact your employer to verify your employment status. If you’re self-employed, additional documentation such as business licenses or profit and loss statements may be required.

Loan Program-Specific Documents

Depending on the loan type you’re applying for, additional documents may be required:

• Conventional Loans: Conventional loans typically require more comprehensive documentation of income and assets.
• FHA Loans: Designed for borrowers with lower credit scores, FHA loans may require additional documentation to prove eligibility.
• VA Loans: Veterans applying for VA loans will need a Certificate of Eligibility (COE) and, in some cases, military discharge papers.
• USDA Loans: For rural buyers, USDA loans require documentation proving that the property meets specific guidelines.

By gathering these documents early, you’ll ensure a smooth mortgage application process with Amy Harvell at New American Funding. For more information or to begin your application, contact Amy at (850) 598-2714.