Purchasing or refinancing your home or property?
You could save thousands.
Buy a home with 1% Out Of Pocket!
This is a great opportunity to purchase a home with 100% combined financing. You receive a standard FHA first mortgage for 96.5% of the purchase price, while the remaining 3.5% down payment is covered by a second loan with 0% interest, $0 monthly payments, and forgiveness after 36 qualifying months, of the first loan. Unlike many city or county down payment assistance programs, this program offers greater flexibility without many of the typical geographic restrictions. And what about closing costs? FHA allows sellers to contribute up to 6% toward eligible closing costs, so your real estate agent may be able to negotiate seller concessions that significantly reduce the amount of money you need to bring to closing.
HIGHLIGHTS:
- 100% Financing for Single, Duplex, and Triplex
- FHA Loan 96.5% first loan
- FREE 3.5% 2nd loan $0 payment, forgivable after 3 payment on the first loan
- 640 credit score
- 6% Seller Concessions - let the seller pay closing cost
- 2 years employment history with W2s
- Latest 2 months of bank statements
- All Florida US Citizens & Permanent Residents
Step 1 - See what You Qualify For
W2 & Tax Returns
2 years of W2s and Tax Returns Jumbo, FHA, Conventional, VA, USDA, Down payment as low as 3%, Score as low as 550 with 10% Down
Bank Deposits as Income
No W2s, No Taxes, No Paystubs! Self-Employed we use the latest 12 Months of bank deposits. Requires 20% Down
DSCR For Rentals
No W2s, No Taxes, No Paystubs! The rent must cover the mortgage, Score as slow as 640 Min. 20% Down
FLIPS Buy Fix Sell
No Experience, No Income, No Score, No Appraisal 20% Down with Experience, 700 Score 10% Down
Step 2 - Apply
Purchase Affordability Calculator
For W2 Employees or Tax Returns Self-Employed
Max Home Price
Stop paying rent and start building equity today. Our flexible Rent-to-Own program offers a clear path to homeownership for everyone—including ITIN, DACA, and 1099 income earners—with as little as 3.5% down + 1st Month and a 580+ credit score.
At Generation Mortgage Associates LLC , we partner with over 50 top lenders nationwide to find the best mortgage loan tailored to your specific needs. Regardless of your financial situation, credit history or income, we can secure a mortgage for you.
P&L, VOE, Hard Money
DSCR Loans: Investors can use the rental income a property will bring to qualify for the mortgage, instead of using traditional income calculations to purchase the property. A DSCR mortgage is a type of investment property loan.
Frequently Asked Questions
What types of loans does Generation Mortgage Associates offer?
Generation Mortgage Associates offers a variety of loans including Jumbo, FHA, Conventional, VA, USDA, ITIN, Bank Statement Income, DSCR Loans, Home Equity Loans, and Private Money Loans.
What is the minimum down payment required for FHA loans?
FHA loans typically allow for a down payment as low as 3.5%.
Can self-employed individuals qualify for a mortgage?
Yes, self-employed individuals can qualify for a mortgage using the latest 12 months of bank deposits instead of W2s or tax returns.
What credit score is needed for the Rent-to-Own program?
The Rent-to-Own program requires a credit score of 580 or higher.
What is a DSCR loan?
A DSCR loan allows investors to use the rental income a property will bring in to qualify for the mortgage, rather than traditional income calculations.
Does Generation Mortgage Associates assist with clients who have a bankruptcy or foreclosure?
Yes, Generation Mortgage Associates can assist clients who have experienced bankruptcy, foreclosure, or short sales.