Basic Qualification Requirements

The Florida’s housing market moves fast. First-time homebuyers need expert guidance to navigate this complex landscape. At LBC Capital, we help turn your homeownership dreams into reality.

Your credit score tells us how well you manage debt. In Florida, most lenders want scores above 620. We accept scores starting at 580 for certain loan programs. This helps more families achieve homeownership.

We need proof of steady income for at least two years. Bring your W-2s, pay stubs, and tax returns. Self-employed? No problem. We’ll work with your profit and loss statements.

Your monthly debt payments shouldn’t exceed 43% of your income. We look at:

  • Credit card payments
  • Car loans
  • Student loans
  • Other monthly obligations

Think you need 20% down? Think again. We offer several low down payment options:

  • FHA loans from 3.5% down
  • Conventional loans from 3% down
  • Special programs for qualified buyers
  • Down payment assistance programs

Why Choose LBC Capital?

Our Flexible Approach We understand that every buyer’s situation differs. Our loan officers create custom solutions for your needs. We look beyond just numbers to see your full financial picture.

Our team focuses on first-time buyers. We explain every step clearly. You’ll understand your options and feel confident in your choices.

We stand out from other lenders with:

  • Lower credit score requirements
  • Multiple down payment options
  • Quick pre-approval process
  • Dedicated support team
  • Local market expertise

Ready to Start? Let’s discuss your homebuying goals. Our team knows Florida’s market inside and out. We’ll find the right loan program for your situation.

Want to learn about specific loan types? Check out page two, where we break down all your options.

Loan Types and Programs

Finding Your Perfect Loan Match

At LBC Capital, we offer diverse loan options to match your unique situation. Our most popular conventional loans start with just 3% down and competitive interest rates. These loans work great for buyers with strong credit and stable income.

FHA Loans: Your Path to Lower Down Payments

Our FHA loans open doors for many first-time buyers. With down payments as low as 3.5% and flexible credit requirements, these government-backed loans make homeownership more accessible. We’ve streamlined our FHA process to get you approved faster.

VA Loans for Our Veterans

Served in the military? Our VA loans require no down payment and offer excellent rates. We honor your service by making the VA loan process smooth and straightforward. Our dedicated VA specialists understand military paperwork and requirements.

California-Specific Programs

We partner with state agencies to provide special Florida’s programs. The Florida Housing program offers down payment assistance and competitive rates. The SHIP can provide up to 3.5% of your purchase price in down payment help.

Self-Employed? No Problem

Traditional lenders often struggle with self-employed borrowers. We get it. Our custom programs look at bank statements and business revenue instead of just tax returns. This helps entrepreneurs and business owners qualify more easily.

Rate Protection You Can Trust

Market rates change daily, but we offer rate lock guarantees. Once you lock your rate with us, it stays secured through closing. This gives you peace of mind during your home search.

Down Payment Solutions

Beyond traditional down payment sources, we work with numerous assistance programs. Our partnerships with local and state organizations help you access grants and low-interest loans for your down payment.

Unique LBC Capital Benefits

Our in-house underwriting means faster approvals. We control the entire process, reducing delays and confusion. Plus, our local market knowledge helps structure loans that work for Florida’s unique real estate landscape.

Supporting Your Journey

Every loan comes with a dedicated loan officer. They’ll guide you through paperwork, answer questions, and keep your application moving. Our online portal lets you track progress and submit documents 24/7.

Future Investment Planning

We look beyond just getting you into a home. Our loan officers help structure your mortgage to support future financial goals. This might mean choosing terms that allow for investment properties later or planning for eventual refinancing.

The Next Steps

Ready to explore specific loan options? Let’s talk about your situation and find the perfect program. Turn to page three for a detailed look at our application process and tips for approval success.

Your Path to Approval

Getting Started with LBC Capital

Ready to apply? Let’s make the process simple. Schedule your free consultation today. Our loan officers will review your finances and recommend the best loan options. We’ll give you a clear roadmap to approval.

Essential Documents You’ll Need

Gather these key items before applying: Current pay stubs (last 30 days) W-2s and tax returns (last 2 years) Bank statements (last 2 months) Government-issued ID Proof of residence Employment verification letter

Our Simple Application Process

First, complete our online application. It takes about 15 minutes. Upload your documents through our secure portal. Your loan officer reviews everything within 24 hours.

Next, we’ll send your pre-approval letter. This shows sellers you’re serious about buying. Most pre-approvals come through in just 48 hours.

Once you find your home, we handle the rest. Our team orders the appraisal, works with escrow, and prepares closing documents. Most loans close within 30 days.

Strengthening Your Application

Start improving your score now. Pay bills on time. Keep credit card balances low. Don’t open new credit accounts before applying. Small changes can boost your score quickly.

Create a dedicated savings account. Set up automatic deposits. Consider down payment assistance programs. We’ll help you find local and state resources.

Pay down high-interest debt first. Avoid major purchases before applying. Keep your debt-to-income ratio low. This improves your chances of approval.

Stay in your current job during the loan process. Keep pay stubs and employment records organized. Self-employed? Maintain clean business records.

Our Support Never Stops

Questions? Call us anytime. Our team provides updates throughout the process. We’re here to help even after closing. Your success is our priority.

Remember, every journey starts with a single step. Take that step with Florida’s trusted mortgage leader – LBC Capital.