Fedrate Mortgage brokers residential and commercial loans in Texas and Florida. Each page below explains who the program suits, what a lender will ask for, and the trade-offs worth knowing before you choose.
Loans for homes of up to four units, whether you live in the home or rent it out. Purchase and refinance are where most people start, and the programs after them differ in who backs the loan and who qualifies.
First-time buyers, move-up buyers, and anyone buying a primary home in Texas or Florida.
A mortgage for a home you are buying. We compare conventional and government-backed options across our lenders and explain what each one means for your down payment, your monthly cost, and how soon you can close.
Read about purchase loansHomeowners who want a different rate or term, or who want to draw on the equity they have built.
A new mortgage that replaces your current one. A rate-and-term refinance changes the rate or the length of the loan. A cash-out refinance draws on your equity. Refinancing may reduce your payment, subject to review, and we explain the costs first.
Read about refinancingBuyers and homeowners with steady, documented income and a good credit history.
A mortgage that is not backed by a government program, usually written to Fannie Mae and Freddie Mac guidelines. With good credit it is often the most cost-effective choice, and its mortgage insurance can come off as your equity grows.
Read about conventional loansBuyers with a smaller down payment saved, or a shorter or imperfect credit history.
A loan insured by the Federal Housing Administration and made through a lender. The insurance lets lenders accept smaller down payments and a wider range of credit, and it adds a mortgage insurance cost that we walk through with you.
Read about FHA loansEligible veterans, active service members, and surviving spouses.
A loan backed by the Department of Veterans Affairs for those who have served. Eligible borrowers may be able to buy with no down payment and without monthly mortgage insurance. We confirm eligibility with you and explain the funding fee.
Read about VA loansBuyers of a primary home in an eligible rural or suburban area, with household income within the program's limit.
A loan backed by the United States Department of Agriculture for homes in eligible areas. Eligible buyers may be able to buy with no down payment. We check the property's location and your household income against the program first.
Read about USDA loansBuyers and homeowners borrowing more than the conforming limit for their county.
A mortgage larger than the conforming limit that conventional loans are written to. Each lender sets its own rules, so terms vary widely from one lender to the next, which is where comparing several of them earns its keep.
Read about jumbo loansInvestors buying or refinancing a rental home or a building of up to four units.
Finance for a property you rent out rather than live in, from a single house to a building of four units. Conventional loans suit many investors, and some lenders qualify the loan on the rent the property earns rather than on your personal income.
Read about investment property loansBusiness owners, freelancers and contractors whose tax returns do not show the full picture of what they earn.
Loans that document income another way, such as from bank statements rather than tax returns. They usually cost more than a conventional loan, so we check first whether a conventional loan works on your returns.
Read about loans for the self-employedHomeowners who want to borrow against their equity and keep their current first mortgage.
A second loan secured on your home, alongside the mortgage you already have. A home equity loan pays a lump sum, usually at a fixed rate, and a line of credit lets you draw as you need, usually at a variable rate.
Read about home equityBuyers building a new home, and owners buying or keeping a home that needs significant work.
Loans that pay for building or improving a home as the work progresses. A construction loan funds a new build in stages, and a renovation loan folds the cost of the work into a purchase or refinance.
Read about construction and renovation loansOlder homeowners with substantial equity who want to draw on it and stay in their home.
A loan that lets older homeowners turn part of their home's equity into cash without monthly principal and interest payments. Property tax, insurance and upkeep are still theirs to pay, and counselling comes before the application.
Read about reverse mortgagesLoans for property used for business or to earn income, including apartment buildings of five or more units. Commercial lending works differently from home lending, so it is set out on a page of its own.
Business owners and investors buying, refinancing or building commercial property, including apartment buildings of five or more units.
Loans for property used for business or to earn income: offices, retail, industrial, mixed use and larger apartment buildings. We compare commercial lenders, SBA-backed programs and short-term finance, and explain the terms before you commit.
Read about commercial loansTell us what you want to do and where, and we come back with options compared across multiple wholesale lenders. A pre-qualification request starts it, and nothing is a commitment until a lender has reviewed your file.
