First time home-buyer? Wanting to refinance your property? Ready to buy that getaway, second
home?
Here at Caribe Federal we understand how significant these moments are and the importance of
home loan transactions.For this reason, we have specialized representatives in mortgage loans that will provide you with
all the necessary help during the financing process of your home or acquisition of your second
mortgage.
CaribeFed Mortgage *
Buy your property with 5% down payment.
- A loan for principal residence, second home, or investment
- Maximum amount allowed for financing is 95% of the value of the residence
- Facilitates your mortgage for conforming and non-conforming loans
- For main residence, we also offer loans insured by FHA, VA and Rural
CaribeFed 2 *
Ready for your second home?
- We offer a second mortgage up to a maximum of 80% of the value including the first
mortgage - Get it with very attractive interest rates
Requesting a mortgage loan is easy. What do you need?
All we need from you is:
- Copy of purchase deed
- Copy of Sales contract, when applies
- Letter of balances from holder of existing mortgages (mortgage experience for the last 12 months)
- Debt Certificate and Value Certificate of Property Taxes (from CRIM)
- Copy of the existing Insurance Policy
- Letter from the Administration Office concerning the monthly payment, when applies.
- Copy of earning statement and W2 form from previous year
- Identification with signature and photo (both spouses)
- Social Security Card (both spouses)
Maximum Terms
| Type of Mortgage Purchases | Maximum Amount | Max. Term | L.T.V. |
|---|---|---|---|
| 1st. Mortgage (Refinancing of Residence) | Conforming up to $ 417,000 / Over $ 417,000 Jumbo Loan | 30 years | 80% ** |
| 2nd mortgage on primary residence | 15 years | 80% |
We want to tell you more about our mortgage products, call us at 787-474-5151 extension 5262.