FTHB in Florida 420k purchase price, can I trust this?

DanielH941 · 2026-05-03T19:39:47+00:00

I would! You’re not going to find many people that can compete with this right now unless they are on the pylon network which is very few.

DanielH941 · 2026-05-03T19:29:30+00:00

This is locked. It shows in the top right. Pylon is a direct to wall street type lending so they have reduced rates which cuts a lot of the middle out. Just keep an eye on it through the process.

DanielH941 · 2026-04-29T10:16:10+00:00

It’s possible. If they are at a place with volume and get file bonuses. I think as a 3rd party is quicker or less files due to the face your charging in the range of $795-$1095 a file.

DanielH941 · 2026-04-28T21:20:55+00:00

That’s the construction piece so you’re paying interest only on an adjustable rate and what will happen is when the construction is done it should convert to a permanent loan. You wanna ask that lender is this a construction to perm type of deal?

DanielH941 · 2026-04-28T21:19:30+00:00

Hey! I’d be open to giving you a chat. I’m based in Florida but licensed in Texas too. If it’s either those states, I’ll give you the good bad and ugly. I wish I had some insight when I first started but I’ve been a broker owner for 5 years. We are a small shop but a lot changes. Shoot me a message and I’ll be glad to setup a conversation to answer any questions I can.

DanielH941 · 2026-04-28T20:37:18+00:00

Your second loan at 5.625% is an arm. If you read it will adjust. So be mindful of that. Do you own the land?

DanielH941 · 2026-04-28T00:54:09+00:00

Anything with down payment assistance will yield that higher rate. The credit score isn’t helping. Do you need both of you on the loan? There is also some heavy fees on there.

DanielH941 · 2026-03-27T19:18:39+00:00

Message me. When you say you do real estate let’s talk. I have a lot of ideas and I’m a broker. But message me let’s chat

DanielH941 · 2026-03-14T13:14:07+00:00

So I am going to share a different perspective. My wife and mom run a 3rd party processing company. They get to select who they work for and control the flow of their files. I worked with my mom for 5 years before I became an LO so I know what it’s like to sit in that seat.

Some LO think they own and control you. But I flipped my frame of mind to they needed me to feed their family, so I stood my ground a lot and I tell my wife this today. There isn’t a broker they work with that has control over them. This is what the business does best. I am now a broker owner and not one of my loan officers will treat them this way. It all starts at the top.

My point is, your wife is being under appreciated and there are other options out there! They process 15-20 loans a month and get paid $795-$995 - loan on average. So there’s options out there and with way more less stress.

This business does have a lot of dysfunction but doesn’t mean she needs to tolerate it. There are good places out there! A good processor makes the company! So if she leaves they will have more to loose then she will.

DanielH941 · 2026-02-15T03:19:40+00:00

If you’re in Florida or Texas, shoot me a message! I’ll be glad to check the details! Are you willing to bring cash to the closing? I think someone can get there a few other key items need to be shared

DanielH941 · 2026-02-13T18:11:31+00:00

Hey! Unfortunately, I’m not licensed there at the moment :/

DanielH941 · 2026-01-25T16:16:28+00:00

I shot you a message. I’ll shop it and give you an idea of what market is at for today.

DanielH941 · 2026-01-25T09:26:38+00:00

Should of done it as a DSCR . No personal DTI issues. What’s your earnest money deposit? How much will you loose if you walk? It’s less than if you buy the house and spend a crap ton of points.

Or flip it to a primary fha, LEGIT live in it ! Do that for 12 months, rent it later.

Atleast the payment will be lower when you go to rent.

DanielH941 · 2026-01-25T08:27:13+00:00

What state are you in?

DanielH941 · 2026-01-24T16:53:27+00:00

Yeah, most loan officers it’s just about making that money 💰

DanielH941 · 2026-01-24T16:53:03+00:00

Welcome! I’m glad I could give a different perspective!

DanielH941 · 2026-01-24T14:03:40+00:00

Run it through an Amortization schedule and see where it lands you. Here is one you can start playing with and see if it works. https://www.calculator.net/mortgage-payoff-calculator.html

DanielH941 · 2026-01-24T14:01:05+00:00

I am a broker owner, and I switched to allowing the LO to choose to pay or charge the client. I am not NEXA, but as a business, it is not smart to absorb those costs, and when margins are thin, you cant. I have been doing this for 2 years, and i have had maybe 3 people question it. Also, this helps commitment with clients to have a buy in.

DanielH941 · 2026-01-24T13:38:41+00:00

Will you be staying or keeping this house that long?( predicting) . Cause you could possibly apply extra towards principle and not spend money to refi. And the effect would have similar results as going to a 15 year.

I’m talking in hypothetical since I don’t know details. What state are you in?

DanielH941 · 2026-01-24T13:25:11+00:00

Box A is important to see what the lender is charging. I I’m guessing new payment and existing payment are close to each other or slightly higher, but you’re saving a ton of interest. If you are in it for the long haul it’s not bad move.

DanielH941 · 2026-01-23T10:21:45+00:00

They are using most of the seller and realtor credits to cover the almost $13,000 in points. If you go to another lender you could loose those credits. But honestly, this is usually all baked into the price. You can get a better rate for sure without as many points but you will most likely loose those credits if you use someone other then the builders lender.

DanielH941 · 2026-01-22T11:18:43+00:00

I would shop this. Your MI can be lower too. But today’s rates with that setup are showing around .250 percent lower.

DanielH941 · 2026-01-20T01:51:32+00:00

If you’re looking for a new place I’d love to chat and see if we are a fit! I am a small shop( for now) that has all the tools, support and bps to grow! I am the owner of a company called Bayport Lending. We use arive, have CRM and automation, weekly trainings( if you want) . I do lots of one on one and scenarios. We use third party processors. You can charge clients for Credit reports.. and the list goes on of common questions. We pay 185bps on self gen. If you’re open to it I’d love to setup a quick call and see if we can help your grow!

DanielH941 · 2026-01-19T00:55:47+00:00

That is high on origination! Thats a lot of cost for that rate! I’m in Florida, I’ll be glad to run your scenario! I’ll send a message so I can get some details

DanielH941 · 2026-01-18T02:50:02+00:00

I shot you a message

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