Question 1

What credit score do I need to buy a home in Florida?

Accepted Answer

Most conventional loans in Florida require a minimum credit score of 620. FHA loans allow scores as low as 580 with 3.5% down, or as low as 500 with 10% down. KP Funding Corp works with borrowers across the credit spectrum to find the right Florida home loan option.

Question 2

What is a DSCR loan and how does it work in Florida?

Accepted Answer

A DSCR (Debt Service Coverage Ratio) loan qualifies you based on the rental income a property generates rather than your personal income or W-2 tax returns. This makes DSCR loans ideal for Florida real estate investors, self-employed borrowers, and those with multiple investment properties.

Question 3

How do I get pre-approved for a mortgage in Florida?

Accepted Answer

To get pre-approved for a Florida mortgage with KP Funding Corp, you'll need to provide proof of income, bank statements, and credit information. We review your file and issue a pre-approval letter typically within 24 hours. Call 1-877-359-3028 or apply online at kpfundingcorp.com.

Question 4

Does KP Funding Corp offer refinancing in South Florida?

Accepted Answer

Yes. KP Funding Corp offers rate-and-term refinancing and cash-out refinancing for homeowners across South Florida, Palm Beach County, Broward, Miami-Dade, and throughout the state. We help you lower your monthly payment, access home equity, or shorten your loan term.

Question 5

What areas does KP Funding Corp serve in Florida?

Accepted Answer

KP Funding Corp is based in Lantana, FL and serves borrowers statewide, with a focus on South Florida (Palm Beach County, Broward County, Miami-Dade), Orlando, Tampa, Jacksonville, and Fort Lauderdale. NMLS ID 2442789.

Tell us about yourself, and your new home or current property, How much do you want to borrow, and what do you hope to achieve?