Investor Mortgages, Florida

Residential Mortgage Home Loans
Welcome to Allstate Mortgage & Loans Corporate website. We very much look forward to the opportunity to assist you with your home financing needs. Presently, we originate residential mortgage loans within the states of Florida, Georgia and Alabama, and assist home buyers and home owners just like you with a wide range of purchase and refinancing options. We offer fast turn around times with expedited closings and, in many instances, we can close at your work or home.
Overview of the Programs We Offer:
FHA Mortgage Programs
VA Mortgage Programs
Fixed Rate Mortgage Programs
Sub-Prime Mortgage Programs
Jumbo and Super Jumbo Mortgage Programs
Specialized Financing - Stated, No Doc and Nina Mortgage Programs
With loan officers located throughout the TRI-State area, and some of the industries most competitive interest rates, we invite you to contact us toll free at 1-866-867-6400 or simply complete our Quick Inquiry form to have one of our professional Home Lending Specialists call you at a time that is convenient to you.
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FHA Home Loans
Allstate Mortgage & Loan Corp. is a HUD approved Florida Georgia and Alabama mortgage lender. The FHA home loan provides easier access to low rate mortgage programs designed for low to moderate income families. If you are a first time home buyer, have little savings, or have credit dings, our FHA mortgage program may best meet your needs more so than the typical conventional home loan programs.
The FHA Product Line Offers:
30 Year Fixed Rate Mortgage
15 Year Fixed Rate Loans
1 Year ARM Program
Streamline Refinancing
Facts that make the FHA Loan ideal for the average home buyer:
The Program is credit driven rather than based upon a credit score.
High Approval Flexibility for Credit Dings.
No credit history is required to be eligible for a home loan.
College acts as your job history for those new to the work force.
You can finance these residential property types: Single Family Homes, Duplex, Townhouse, Condo's and Manufactured Homes with land.
Works easily with Grants and Charities that assist home buyers with Down Payment money.
Typically up to 6% in seller concessions are allowed.
Everyone is eligible with no income restrictions.
Interest Rates are typically lower than comparable conventional rates.
Absolutely no prepayment penalties are allowed.
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VA Mortgage Program
VA Home Loans are very much like the FHA Mortgage Program. The VA Mortgage Program uses existing eligible income and credit, rather than credit score. You must be a DD-214 eligible VA Veteran and provide a copy of your existing VA certificate of eligibility. If you've already used your eligibility, you can restore it or have some remaining for an additional VA Loan.
Our Georgia, Alabama and Florida VA Loan Program Offers The Following Loan options:
30 Fixed Rate Home Loan
15 Year Fixed Rate Home Loan
1 Year Adjustable Rate Mortgage
Streamline Refinancing
Facts that make the VA Home Mortgage ideal for eligible Veterans:
100% financing.
Loan Limits are comparable to conventional programs.
Low interest rates.
Offers both fixed and adjustable rate mortgages
Easy streamline refinancing with no income documentation requirements.
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Conventional Home Loans
Looking for a regular old Conventional Mortgage? Well, we offer that to. A conventional home loan is based upon underwriting and loan limit standards as established by Fannie Mae and Freddie Mac. These programs offer the full range of financing from 30 Year Fixed Rates to Adjustable Rate Mortgages all the way to specialty programs such as State Income Home Loans and No Documentation Mortgages.
These programs are designed with Seasoned Home Buyers and Home Owners with good to excellent credit in mind. First time home buyers may have a more challenging process because of a lack of home ownership history. We do offer a conventional mortgage program designed for First Time Home Buyers with easier credit qualifying and down payment standards. This emerging markets program is a Freddie/Fannie product designed to compete with the FHA Home Loan and offer up to 103% financing. As with all conventional mortgage programs, this loan is credit score driven and credit quality driven.
Our Conventional Residential Home Loan Products Include:
30 Year Fixed Rate Loan
20 Year Fixed Rate Loan
15 & 10 Year Fixed Rate Loan
Interest Only Programs
1/1, 3/1, 5/1, 7/1 and 10/1 Adjustable Rate Mortgage
Up to 103% Financing
Construction Perm Financing
Stated Income Mortgage
No Income No Asset (NINA)
No Ratio Loan Programs
No Documentation (No Doc) Mortgage Loan
90% Non-Owner Occupied Residential Loan
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Bad Credit Home Loans
If you have challenged credit and find yourself unable to qualify for our low interest rate FHA Mortgage program, Allstate Mortgage & Loan Corporation offers a wide range of Sub-Prime mortgage programs to assist home buyers. Our product range can help home buyers with credit scores starting with a mid-FICO® score of 500 and provides up to 100% financing.
The Range of Products Offered Under Our Sub-Prime Mortgage Program:
30 Year Fixed Mortgage
20 Year Fixed Mortgage
10 & 15 Year Fixed Mortgage
2/2/8 ARM Mortgage
3/2/7 ARM Mortgage
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Jumbo Mortgage Loans
Allstate Mortgage & Loan Corporation offers Alabama, Georgia and Florida residential Jumbo and Super Jumbo mortgage loan products for qualified high income home buyers. These programs cover the full range of options from Stated Income, No Documentation, NINA and Full Documentation mortgage loan programs for loan amounts up to $5M with very competitive rates and terms.
Home Buyer and Refinance Products Include:
30 Year Fixed Rate Jumbo Mortgages
20 Year Fixed Rate Jumbo Mortgages
15 & 10 Year Fixed Rate Jumbo Mortgage
Interest Only Programs
State Income Jumbo Mortgage
No Income No Asset Jumbo Mortgage
No Ratio Jumbo Mortgage
No Documentation (No Doc) Jumbo Mortgage
Adjustable Rate Jumbo Mortgage:
1/1, 3/1, 5/1 and 7/1 ARM Products

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Non-Conforming Mortgage Programs
Non Conforming loans are mortgage programs with guidelines outside of those established by traditional conventional financing. They off the full range of financing options and expand beyond traditional mortgage products offered using conventional Fannie/Freddie underwriting guidelines. From a more flexible qualifying credit score requirement to wider financing options including loan amounts which exceed conventional mortgage restrictions. Underwriting for these mortgage programs include both Automated and Manual underwriting.
Mortgage Programs Include:
40 Year Fixed Rate Mortgages
30 Year Fixed Mortgages
20/15/10 Year Fixed Mortgages
6 Month, 1/1, 1/6, 3/1, 3/6, 5/1, 5/6, 7/1, 7/6, 10/1, 10/6, 5/2/5, 2/2/6
True No Documentation - No Doc Loan
Stated Income Loans
No Ratio Mortgage
No Income No Asset (NINA) Mortgage
80/20 Combination Mortgage
80/15 Piggie Backs
80/10/5 Piggie Backs
Up To 106% Financing
Up To 100% Non Owner Occupied Programs
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Adjustable Rate Mortgage Loans
Many home buyers and Home Owners like the adjustable rate mortgage for its lower starting interest rates, flexible terms and with some programs, the ability to pick your own payment. Rates typically start between 1% to 2% below conventional 30 year fixed rate mortgage rates. All adjustable interest rates are tied to an index which determines present and future rates the borrower pays. Every program has an life time cap on how high the interest can go. Caps very by program offering and the same 5/1 program can have multiple interest rate caps.
Many programs offer the financing options many fixed rate loans have to include:
Stated Income Programs
NINA - No Income No Assets Programs
No Documentation - No Doc Programs
No Ratio Programs
Non Owner Occupied Programs
Traditional ARM Programs
Credit Challenged ARM Programs
Because of the Low Start Rate, most require a prepayment period equal to the fixed period of the loan
Adjustable Rate Mortgage Terms Include:
6 Month - Fixed First 6 Months, adjusts every 6 months
1/1 - 1 Year Fixed, adjusting once a year
1/6 - 1 Year Fixed, adjusting every 6 months
2/2/6 - 2 Years Fixed, adjusting twice a year with a maximum increase of 6% over the life of the loan
2/2/8 - 2 Years Fixed, adjusting twice a year with a maximum increase of 8% over the life of the loan
3/2/7 - 3 Years Fixed, adjusting twice a year with a maximum increase of 7% over the life of the loan
3/1 - 3 Years Fixed, adjusting once a year
3/6 - 3 Years Fixed, adjusting every 6 months
5/2/5 - 5 Years Fixed, adjusting twice a year with a maximum increase of 5% over the life of the loan
5/1 - 5 Years Fixed, adjusting once a year
5/6 - 5 Years Fixed, adjusting every 6 months
7/1 - 7 Years Fixed, adjusting once a year
7/6 - 7 Years Fixed, adjusting every 6 months
10/1 - 10 Years Fixed, adjusting once a year
10/6 - 10 Years Fixed, adjusting every 6 months
Pick A Payment - Start Rate 1% to 4.25%, Negative Amortization, adjustments begin immediately and occur monthly
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Home Equity Lines
As property values escalate, home buyers who took advantage of lower interest rates might not want to refinance in order to make improvements to their home, consolidate debts or simply use the equity built up in their home. Allstate Mortgage & Loan Corporation offers home equity lines at great rates up to $1 Million. Financing options include Traditional Full Documentation and Stated Income Documentation Types.
HELOC Product Options
Loan Amounts to $1 Million
Interest Only Options
Fixed & Adjustable Rate Terms
5 Year Loan
7 Year Loan
10, 15, 20 & 25 Year Loans
30/5 Year Loan
30/10 Year Term
30/15 Year Loan
State Income Option
Up to 100% Stated Income Interest Only Purchase Terms
No Prepayment Penalties on Most Products
Non-Owner Occupied Financing Options
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2nd Mortgage Programs
Our second mortgage program is designed to allow home buyers to utilize equity within their home to pay off debt, make home improvements, purchase a vehicle, pay for college tuition or simply cash out. Our program offers both fixed and adjustable rates and up to 30 year terms. In many instances, no appraisal is needed and offer up to 125% CLTV (Combined Loan To Value).
Typical 2nd Mortgage Program Terms:
Stated Income Programs
Alternative Documentation Programs
Non-Owner Occupied
Second Homes
30 Year Repayment
20 Year Repayment
15 Year Repayment
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Mobile Home Loans
Today's home buyer knows that the cost of buying the conventional residence has escalated in many areas to the point that a new manufactured home may be a better option. Today's mobile home standards exceed the building and safety requirements of the standard "Brick and Mortar" home while offering far more amenities, square feet and options compared to traditional residential homes based upon a cost analysis. We offer highly competitive rates and financing terms typically equal to those offered for conventional residential home loans with up to 97% financing, typically allow down payment assistance and up to 6% seller concessions.
Product Types Offered For Manufactured Home Loans:
30 Year Fixed Rate Mortgage
15 Year Fixed Rate Home Loan
1/1 Adjustable Rate Mortgage
Benefits of Doing Business With Allstate Mortgage & Loan Corporation:
Interest rates typically comparable to conventional rates.
Up to 6% seller concessions are allowed.
The home must be tied to the land.
Up to 97% financing.
Down Payment Programs can be used.
Credit dings are typically over looked.
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Reverse Mortgages
Home owners who are 62 years or older and maintain a small mortgage balance or have paid off their home are eligible to participate in the HUD reverse mortgage program. The Reverse Mortgage is designed to supplement retirement income and allow older home owners to utilize equity to better enjoy retirement.
No repayment is required as long as the owner resides in the property nor are there asset or income limitations to the borrow. The older you are, the higher the percentage of your home's value you can borrow against. Give us a call to find out more!
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Refinance Loans
Is your monthly mortgage payment taking to big a bite out of your monthly budget? Maybe you have an adjustable rate mortgage you want to move into a fixed rate loan before rates escalate. Was your first home financed under a subprime program and now you're ready to try for a low rate FHA Mortgage? Maybe you want to cash out, but maintain your current terms so you can still meet you home payoff goals. Whatever your reason, we offer highly competitive rates and terms across hundreds of programs that will meet your financing needs.
Refinance Home Loan Options Include:
FHA Streamline Mortgage
VA Streamline Home Loan
40 Year Fixed Rate Mortgages
30 Year Fixed Mortgages
20/15/10 Year Fixed Mortgages
6 Month, 1/1, 1/6, 3/1, 3/6, 5/1, 5/6, 7/1, 7/6, 10/1, 10/6, 5/2/5, 2/2/6
True No Documentation - No Doc Loan
Stated Income Loans
No Ratio Mortgage
No Income No Asset (NINA) Mortgage
80/20 Combination Mortgage
80/15 Piggie Backs
80/10/5 Piggie Backs
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Stated Income Mortgage
Whether purchasing or refinancing your home or investment property, we offer highly competitive rates on programs for self employed or 1099 borrowers. We also offer stated income programs for W-2 clients who are simply unable to show all of their income. The stated income loan allows borrowers to state income without documenting sources. This programs is available in our Conforming Conventional Loan, Non-Conforming Mortgage Programs, 2nd Mortgage Programs, Home Equity Programs, Jumbo Mortgages, Sub-Prime Programs and is offered in both our Fixed Rate Mortgage and our Adjustable Rate Mortgage Products.
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No Ratio Home Loans
Our No Ratio Mortgage Program allows home buyers, refinance clients and real estate investors to achieve a competitive interest rate without disclosing income. This program is ideal for the self employed and investor whose net after tax income is below what is normally considered acceptable, but can show significant assets to support adequate income to meet financial due diligence.
This program is available in our Conventional Mortgage, Non-Conforming Product Range, Investor Programs and Jumbo Home Loans. This product is available with both Fixed and Adjustable Rate terms.
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No Income No Asset Mortgage
Our NINA Program is ideal for the self employed and real estate investor whose net after tax income is below what would be considered acceptable and whose available liquid assets are inadequate due to the type of business or real estate holdings funds are tied into. This program is available for purchase and refinance mortgage loans.
This program has limited availability in our Conventional Home Loan Portfolio, the Non Conforming Mortgage Offerings and the Jumbo Mortgage Programs. The NINA Program is offered with both Fixed and limited ARM Terms.
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No Documentation Home Loans
The No Documentation Mortgage Loan is designed for high credit score home buyers who wish to simplify the loan application process. No employment, income, assets or liabilities are factored into the loan decision. With the No Doc loan, only the home buyer or home owners credit is factored into the decision. This program is available with up to 95% financing and is available for both Purchase and Refinance in addition to being available for real estate investors with sufficient equity or down payment.
The No Documentation Loan is available in our Conventional and Non Conforming Mortgage Product Lines with both Fixed rate and Adjustable Rate products being available for this program.
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Non-Owner Occupied Loans
We offer a wide range of residential real estate investment term and options for the savvy investor. From the full spectrum of adjustable and fixed rate mortgages to Full Documentation, No documentation, NINA, No Ratio, and State Income mortgage products. These products include financing options from our 100% full documentation program to 80/10 and 75/15 piggie back programs. With such a wide range of options, we'd love the opportunity to asses your situation and to identify how we can best meet your real estate investment needs.
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About Us
Allstate Mortgage & Loan Corporation opened its doors in March of 1996 with the belief that our customers deserve the best rates and options available to meet their individual life style. We accomplish our client goals through continuous industry training which provides knowledgeable and experienced loan officers who deliver the best products and programs tailored around you.
Since that time the mortgage industry has matured, and we believe, followed our lead. We continue to offer our clients the best service and lending options tailored to fit where you are financially in your life; providing not just a mortgage loan, but a home loan that helps you, our clients, achieve your long term financial dreams.
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Where We Lend
Allstate Mortgage & Loan Corporation originates home loans in the states of Florida, Georgia and Alabama. We presently have loan representative located throughout most of these communities who are available to assist prospective home buyers and refinance clients meet their mortgage needs.
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First Time Home Buyers
If you're a first time homebuyer, one of the most difficult obstacles to overcome is the fact you have no "mortgage" history with which a lender can review to make a sound decision. In these situations, length of employment - job stability - income to debt ratios and past credit history become highly pronounced in the conventional residential home lending market.
We offer several low rate alternatives which help you to achieve your dream of buying a home at highly competitive rates. The most effective residential mortgage is the FHA Loan. This program allows credit dings and typically bellow market rates for comparable conventional programs. Eligible Veterans will find the same benefits and 100% financing with the VA Mortgage Program. Finally, we offer a conventional mortgage for first time home buyers as well that offer competitive rates, in some instances credit dings and up to 103% financing which allows an eligible borrower to finance some of the costs to close.
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Down Payment Assistance
Depending upon your credit, job history and rental history, some buyers will simply need to have some form of down payment to "invest" in the prospective home purchase. We work with with a wide range of assistance programs throughout the states of Florida, Georgia and Alabama to assist qualified home buyers with any additional necessary down payment and closing cost money needed to close on their first home purchase.
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Property Taxes
The property tax you pay can play a huge role in the amount of home you can actually afford to purchase. On average, property taxes on a residential home purchase make up 15% of a home buyers monthly mortgage payment when included in the PITI factor for qualifying. We highly recommend that our customers review the property taxes on any home with one of our associates prior to contracting. To help you, we've provided links to your county property tax authorities for the state of Florida:
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