Mortgage and commercial loans
If you want to Buy a Property (Residential or Commercial), Refinance, or make Cash-Out on any existing property, you are in the right place!
Let us analyze your case and present you with the best options.
so you can make a smart decision
3 GOOD REASONS TO REFINANCE NOW
REASON 1
Lower monthly payments
After you've made payments for several years, refinancing for a new 30-year term can substantially lower your monthly payments, freeing up room in your budget to achieve other financial goals.
REASON 2
Lower Interest Rates
Refinance your property and take advantage of the lowest interest rates in recent years. You could save thousands of dollars. Consult with one of our experts and make the best decision.
REASON 3
Fixed-rate Changes
If your current loan is an adjustable rate mortgage (ARM) and your initial fixed term period is coming up, you may want to consider refinancing to a fixed rate, to protect yourself from rising interest rates in the future. It is easier to plan and budget when you have a fixed monthly payment. Remember that you also have the option to refinance for a term of less than 30 years.
THIS IS AN EXCELLENT TIME TO BUY A RESIDENTIAL OR COMMERCIAL PROPERTY
Do you want to invest in a Residential or Commercial Property?
AT ORDEG Mortgage we can help you define how much to invest and the most convenient type of loan for you. Let's talk.
To be a successful homeowner, it's important to buy a property that you can afford. Each case is different:
The first step is to determine the income-to-debt ratio, that is, the mortgage payment that you can afford with
based on your income.
At ORDEG Mortgage we offer a wide portfolio of programs, including: conventional, government, private, loans for foreigners, Jumbo loans and other financing alternatives.
Let us help you identify the best program, with the most convenient down payment and interest rate, according to your needs and objectives.
TAKE ADVANTAGE OF REFINANCE WITH CASH-OUT
Do you own a home and need cash?
By refinancing your property you can get cash instantly, replacing your current mortgage with a new one.
When you close your loan, you'll get funds that you can use for whatever you need.
TWO GOOD REASONS TO GET A REFINANCING
REASON 1:
GET CASH VALUE IN YOUR PROPERTY
By refinancing, you can receive a cash payment, which you can use for whatever you want; For example:
- Pay off high-interest credit cards.
- Pay for your children's education.
- Create a reserve fund.
- Start your own business.
- Travel.
- Remodel your house.
REASON 2:
PAY DEBTS
By refinancing you will be able to reduce the monthly payment of your mortgage, through a lower interest rate and simultaneously obtain part of the accumulated value of your property, in cash; No need to sell your home.
Refinancing is the option that offers you the best interest rate.
ORDEG MORTGAGE:
All Options Under One Roof
We offer a broad portfolio of financial solutions to service mortgage loans for each of our clients: from young families making their first home purchase, to national and foreign investors.
We have the mortgage loan for YOU!
MORE PRODUCTS, MORE OPTIONS
Conventional Loans
Government Loans
Alternative Loans
Conventional
Jumbo
FHA
VA
USDA
NON-QM
Foreign
Private
For people looking for basic loans.
For people who require higher value loans.
For people looking for a loan with greater flexibility.
The best option for those who have served in the military in the United States.
For those who love rural life.
For those who are self-employed or preferred borrowers
The ideal loan for foreigners -non-US residents-
Large loans that do not meet conventional loan guidelines.
3% down
10% down
3.5% down
0% down
0% down
20% down
40% down
30%-40% down
The most common and simple loan.
High value loans (up to US$3M) for big dreams.
Low down payment and acceptable credit score required.
Exclusive benefits for military and veterans.
Low income?
No problem, here you can get up to 100% financing.
Si usted trabaja independiente o recibe pagos esporádicos.
If you work independently or receive sporadic payments.
High-value loans (up to US$3M) for big dreams.
Loan
Conventional
Conventional loans are the most popular option for those looking to buy or refinance a property. You can choose between fixed or variable rate mortgages, with terms from 10 to 30 years.
Many buyers prefer the fixed monthly payment offered by a conventional fixed-rate loan, as this allows them to better organize their monthly spending budget.
Adjustable Rate Mortgages, however, allow for a lower down payment but require periodic adjustments after the fifth, seventh, or tenth year.
Advantages of a Conventional Loan
- Initial fee: only 3%
- Acceptable Credit Score: 620
- Fixed rates offer consistent monthly payments and make planning and budgeting simple.
- Loans available for Purchase, Refinancing, and also for Refinancing with Cash Withdrawal.
Jumbo
Loans
Are you buying a luxury home? Looking for a loan greater than the conventional loan limit? Jumbo loans allow the purchase of high-value residential or commercial properties with low interest rates and amounts up to $3 million.
We offer a wide variety of Jumbo loans, with a fixed or variable rate. We also offer an interest-only payment option, which means your monthly payment is interest only and not principal, which is paid in full at maturity.
If you have a high credit score, a low debt-to-income ratio, and a hefty down payment, a Jumbo Loan may be the best option for you.
Advantages of a Jumbo Loan
- Initial Fee of only 10%.
- Credit scores as low as 660 may be accepted.
- The loan amounts to US$3 million.
- Low-interest rates for qualified customers.
- Fixed rate, adjustable rate, and interest-only adjustable rate.
- It can be used for a primary residence, second home, or investment property.
Loans for
FHA Housing
(Federal Housing Administration) - Available exclusively for American Residents.
FHA loans are insured by the Federal Housing Administration. This is often the best option for first time homebuyers.
FHA offers flexible approval guidelines, requires lower credit score, allows for higher Debt VS ratio. Income (DTI), and additionally allows up to 6% contributions from the seller.
Advantages of an FHA Loan
- Initial fee required: 3.5%.
- Minimum FICO Score: 640.
- Maximum refinancing in cash: 80%.
- Streamline Program: Refinancing with an FHA loan that requires fewer requirements for approval.
- Allows up to 6% seller contributions and/or gift funds.
- May require closing reserves, such as funds in your bank account or other assets.
- Requires Mortgage Insurance or PMI.
NOTE: FHA programs have limits on the maximum amount of the mortgage, depending on the county where you want to buy your home. For more information see https://entp.hud.gov/idapp/html/hicostlook.cfm
Loans for
VA Housing
The Department of Veterans Affairs (VA) offers a SPECIAL FINANCING PROGRAM for the acquisition of primary residences for veterans.
VA determines eligibility and issues a certificate to qualified applicants to present to the mortgage lender of their choice.
Advantages of a Conventional Loan
- 100% for purchase or refinancing.
- Minimum FICO Score: 640.
- It does not restrict the value of the loan, but it does have a limit on the amount of money that backs the loan, up to $510,400.
- If you need a loan for more than that amount, you can apply for a VA Jumbo Loan, which requires no down payment and offers a lower rate than regular Jumbo Loans.
- Maximum Jumbo Loan Amount - VA: US$1.0M.
- LTV in Jumbo for refinancing: 90%.
- 100% LTV on manufactured homes.
- Form DD214 / Certificate of Eligibility is required.
Loans for
USDA Housing
The United States Department of Agriculture (USDA) offers the option of very low down payment, interest rates and mortgage insurance premiums for qualified customers.
If you are buying a home in an area eligible for Rural Development and meet the program's requirements, this loan is perfect for you.
Advantages of a USDA Loan
- For rural areas only
- 100% financing
- 640 FICO score
- No reservations required
- Seller credits allowed
- Financing commission 1% plus .35% monthly commission
- Income Eligibility Requirements
- Purchase or refinance
Alternative
Loans
This program offers customers with unstable income or low credit scores the opportunity to own a home.
Advantages of an Alternative Loan
- Reported income or investment (650 FICO)
- Account statements of 1, 12 or 24 months, for independent workers.
- Use of assets.
- Properties that can be financed with this type of loan are: Condo-Hotels, properties, multi-family, commercial properties.
- Special programs for Foreigners
- Loan Amounts: Up to $5MM
Private
Loans
PRIVATE money loans, also known as "Bridge Loans" are a loan option for investors looking to buy or refinance a commercial or residential property, with a minimum down payment of 30%.
Advantages of a private loan
- Periods of 12, 24 or 36 months
- Interest Only Payments
- 65% maximum LTV
- For purchase or refinancing
- Fix and flip
- Quick Cash, Short Term Loans and Bridge Loans
Residential and commercial properties
We work with more than 20 financial entities to always find the best option, according to your particular situation, your needs and objectives.
Our team of highly qualified professionals is ready to evaluate your case and make the best recommendations, at no cost.
Know your options and make an informed decision.
Contact us to resolve any matter of your interest
Our team of professionals is always ready to answer any question related to your finances.
info@ordegcapital.com
+1-305-731-8601
1200 Brickell Avenue Suite 350
Miami, Florida 33131
We love hearing from you and being able to provide you with the best care.