• 909 North Miami Beach Blvd Suite 301A
  • Work Hours : 9AM - 5PM

Loan Programs

Conventional Loan

A mortgage not insured or guaranteed by a government agency, typically requiring a higher credit score and down payment.

FHA Loan (Federal Housing Administration)

A government-backed loan with lower down payment requirements and more lenient credit criteria

VA Loan (Veterans Affairs)

A mortgage option for eligible veterans, active-duty service members, and certain members of the National Guard and Reserves, often with no down payment requirement.

 

USDA Loan (United States Department of Agriculture)

A loan program for eligible rural and suburban homebuyers with low to moderate incomes, offering low or zero down payment options.

 

Adjustable-Rate Mortgage (ARM)

A mortgage with an interest rate that can change periodically, typically starting with a lower rate but subject to market fluctuations.

 

Fixed-Rate Mortgage

A mortgage with a set interest rate for the entire loan term, providing stable monthly payments.

Jumbo Loan

A mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac, often requiring a higher credit score and down payment.

Interest-Only Loan

A mortgage where the borrower pays only the interest for a specified period before beginning to pay both principal and interest.

Reverse Mortgage

A loan for homeowners aged 62 or older, allowing them to convert home equity into cash, typically without making monthly mortgage payments

Home Equity Line of Credit (HELOC)

A revolving credit line secured by the borrower’s home equity, which can be used for various expenses.

203(k) Loan (FHA 203(k) Rehabilitation Loan)

A program that combines a home purchase or refinance loan with funds to renovate or repair the property.

Construction Loan

A short-term loan used to finance the construction of a new home, which is typically replaced by a permanent mortgage once the construction is complete.

Interest Rate Buydown

A mortgage arrangement where the borrower or seller pays an upfront fee to reduce the interest rate temporarily, resulting in lower initial payments.

Non-Qualified Mortgage (Non-QM)

A mortgage that doesn’t meet the Qualified Mortgage (QM) criteria established by the Consumer Financial Protection Bureau (CFPB), often used for unconventional borrowers.

Whether you’re buying a house for the first time or you’ve made the decision to upgrade, we’ll be there to make sure everything goes well. Working with our experts is an excellent investment in your future.

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quick info

  • 909 North Miami Beach Blvd Suite 301A
  • Info@klemortgage.com
  • +305-705-2030

Work Hours :

  • Mon - Fri : 9am - 5pm

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