Buy or refinance with Doral Mortgage and enjoy:
For loans insured by the Federal Housing Administration (FHA) from $75,000 to $417,000, or to the limit established by the FHA for each municipality in Puerto Rico, whichever one of these is less, with an LTV of up to 96.5% in trading (up to 3.5% required from client), up to 97.75% in refinancing without surplus and up to 85% in refinancing with surplus, all for principal homes of 1 unit. Subject to approval according to the parameters of credit of FHA and Doral Mortgage for this product. This product requires a mortgage insurance from the FHA. Payment examples are rounded to the nearest dollar. For loans of $417,001 up to $606,250 or clients with other credit experiences. *For purposes of this warrantee, the creation of the loan extends a request that includes all the documents required by Doral Mortgage and the investor, as requested to the client at the moment of originating and that allows the institution to evaluate and approve, according to the parameters established by Doral Mortgage and the investor. This warrantee does not apply in cases where the client solicits changes in the terms and conditions of the loan once originated. The warrantee is not valid if the delay is made by the client, third parties hired by the client or the vendor of the property. Certain restrictions may apply, All offers are subject to credit approval under the parameters that should be met with the guidelines established by the Consumer Financial Protection Bureau (CFPB) under the ATR/Qualified Mortgage laws. Certain restrictions may apply. Doral Mortgage is a subsidiary of Doral Bank. OCIF Lic IH-006.Doral Bank is an FDIC member.