Your Trusted Orlando, FL Mortgage Lender

Conventional Mortgage Loans in Orlando

When it comes to conventional loans, there is no direct governmental financing available. The Federal Housing Administration (FHA) or the Veterans Administration (VA) are the ones who insure them. Mortgaging will be handled by Prysma with one of the following conventional loan options we offer:

● Fixed-Rate Loan: These allow Orlando homeowners to do a fixed monthly payment. For the investment you are able to put a set down payment and then once monthly payments are discussed, an established fixed monthly rate can be administered. This rate’s amount will never change.

● Adjustable-Rate (ARM) Loan: These loans have a lower rate and are mostly used when you are only keeping your Orlando home for a short period of time. Adjustable-rate loans initially have a lower rate and then will alter based upon index rates and market conditions. An interest cap will be set and applied to your Orlando, FL mortgage so the maximum rate it can rise to will be limited.

Non-Conventional Mortgage Loans in Orlando

● Federal Housing Administration (FHA) Loan: As your Orlando lender, Prysma offers government-backed Federal Housing Administration loans. These deals we offer include a lower down payment, lower closing costs, or lower interest rates. FHA loans do have a set few requirements though. In order to qualify you must have lawful residency in the U.S., a Social Security number and a steady two-year employment history.

● Tax ID Loan: Non-US citizens in the Orlando area can still qualify for a different type of loan if they are not in possession of a Social Security Number, Green Card or credit score. However, in order to obtain a tax id loan, you will need a passport and an Individual Tax Identification Number (ITIN).

● Veterans Administration (VA) Loan: Veterans Administration (VA) loans are available to any military veterans in the Orlando area. These loans do not require a downpayment most of the time and tend to have very low interest rates, if you’d like to apply for one all you need is proof of your military service, proof that you have not been dishonorably discharged and prior financial records.

Mortgage Refinancing in Orlando

Mortgage Refinancing Options: Our refinance options consider your family’s needs and financial situation in the case that you already have a mortgage but are looking to change your monthly payments or interest rates. We want to find the best plan that works for your family’s needs and financial situation. The cost of your Orlando mortgage may lower or you may find it gradually being paid quicker if you choose this option.

Reverse Mortgage Options in Orlando

Reverse Mortgage Options: Reverse Mortgage Options: We recommend a reverse mortgage to homeowners over the age of 61 who are looking to increase their monthly income. A reverse mortgage using your existing equity to calculate a regular monthly payment plan for you. The process of a reverse mortgage is instead of you paying us, it will be us paying you as cash is exchanged for a part of your home’s equity. Only once the home is sold or vacated will this money need to be repaid.

Our Connecticut Home Loan Office Locations

All throughout Florida, including the Orlando area, our team at Prysma is here to offer conventional and unconventional mortgage loans. You do not even have to visit our office to complete the loan process either. Over the phone or online the whole process can be easily completed as well.

If you’d like to meet for an in-person meeting, our two Connecticut offices are: