Conventional Financing
Buy a home with conventional financing from as little as 3% down.
USDA Financing
Buy with $0 down using the USDA rural development mortgage.
Reverse Mortgages
The reverse mortgage refinance or the reverse mortgage for purchase is a great option for seniors over 62!
FHA Financing
Buy with as little as 3.5% down with a score as low as 600.
VA Financing
Have you served in the military? Use your VA benefit and buy with $0 down anywhere.
Refinance Your Mortgage
Lowering your interest rate could save your thousands of dollars over the life of your loan!
“I’m glad you’re here! Before you just decide to trust us, see what our past customers and professional partners have to say about us!”
-Keith Meredith
Get Pre-approved in 24 hours or Less!
Black Rock Mortgage in Ocala
Our branch is located in Ocala Florida, but utilizing technology and UPS we can process your home loan no matter where you choose to buy, refinance or do your reverse mortgage. Our bank is licensed in multiple states but our home office is in Jacksonville Florida.
E -disclosure
Utilizing Encompass, the most advanced mortgage origination software available, we are a Florida mortgage bank able to e-disclose your loan directly and securely to your email for review and acceptance.
Express Mail
If you don’t have the ability to scan or fax we will overnight you a package for your review and include a return envelope so you can provide any documentation we need in order to process your loan.
Security
We use state of the art encryption to protect your personal data from loan application to close. Your privacy and security is our number 1 priority.
Loan Originators
Years in Business
%
Recommend Us
Billion Funded
Where Is Our Branch?
We are proud to do business throughout the states from the horse capital of the world, Ocala Florida.
Coast 2 Coast Lending Ocala
Our Core Principles
Mortgage Tools
We use the most advanced mortgage planning tools to help you make the best decision for your financial future. Whether your goal is to pay off your home as quick as possible or utilize your equity, we can help.
Mortgage Programs
Our goal is to provide you a full suite of mortgage programs to meet your needs. From $0 down USDA, FHA, VA, and conventional financing. That’s the benefit of working with a mortgage bank.
Technology
We utilize the latest technology available to securely handle your loan from application to closing. Our goal is to make sure your deal is seamless and smooth.
Underwriting
Our underwriters use a common sense approach to reviewing your file. We realize not everyone has a perfect credit history. We want to do loans, and will look for the positives to outweigh any negatives on your application.
Real People
We are in the people business. We realize you aren’t just a number, you are a person and or a family. We are too and we care about your mortgage. We will give you the service that reflects that reality.
Saving You Money
We are a Florida mortgage bank that cares about providing you with the best competitive rate we can. That’s why trim expenses wherever possible, it allows us to pass that savings on to our borrowers.
No Money Down USDA Mortgage!
Buy With No Money Down!
The USDA has a rural development program that allows many in Florida to buy with absolutely no money down. Thousands are taking advantage of this amazing program with scores as low as 620. The terms are very favorable for this program so don’t expect to have to pay an exorbitant rate because its a $0 down loan program.
How Do Get a USDA Loan?
Using a lender like us utilizing the USDA Guaranteed program your household income must be below about $74,500 for a household of 4 or less. If you have 5 or more in your household the limit is about $98,000. There are deductions so either call or click on the link to learn more about USDA financing because if your income is close or above it could still work!
FHA Financing in Florida!
Low Down Payment and No Geographic Limitations!
The FHA program lets you buy with as little as 3.5% down and has no geographic limitations on where you can buy like the zero down USDA program does. With a credit score as low as 600 we can help you finance a home! This program allows non-occupant co-borrowers as well as documented gifts for a down payment.
How Much Can I Qualify For?
Through the FHA program we have more flexibility when it comes to your debt to income ratios. There are certain compensating factors that may allow you to borrow more than you could with conventional financing. It all depends on what the automated underwriting findings indicate. Call us to find out more.
Conventional Financing in Florida!
Buy With a Flexible Down Payment!
With conventional financing in Florida you can buy with as little as 3% down for first time home buyers. For everyone else the minimum is a 5% down payment. If you plan on putting 20% down then you can eliminate any need for private mortgage insurance or PMI. If you plan on buying a second home your minimum down payment would be 10%, and 20% for an investment property.
Your Good Credit Score Deserves Perks!
The beauty of conventional financing is that the higher your credit score, typically the lower your interest rate will be, and not only your interest rate but your private mortgage insurance as well! With FHA the mortgage insurance is always .85%. With conventional financing the more you put down and the higher your credit score the lower your PMI rate will be. Of course with 20% down PMI is eliminated.
VA Financing in Florida!
No Down Payment!
The VA offers a benefit to its veterans that allows them to buy a home with no money down and no monthly mortgage insurance. There is an up front funding fee of 2.15% for first time use and 3.3% for secondary use. We also offer second tier financing which allows the vet the use their VA entitlement simultaneously on a second home when its clear that the new home will be the vets primary residence.
How Do I Use My VA Benefit?
We will guide you though the process but the first thing you need in hand is your DD-214, with that we can order your certificate of eligibility. Using someone experienced with VA financing is key because there are some nuances about this program that need to be handled appropriately in order to make your transaction go smoothly and quickly.
Manufactured or Mobile Home Financing
Manufactured Home Financing in Florida!
Manufactured homes can be a great way to affordably own where you want! We finance new manufactured homes and existing set ups. We also do manufactured home refinancing. We love to lower peoples interest rates on manufactured homes and save them money. We go back to June 15th, 1976, as long as you own the land and its not leased.
What Loan Program Options are There?
You can utilize FHA, conventional, or VA financing to purchase or refinance your manufactured home. This is the case for new set ups as well. The home can be in an HOA but not in a co-op or condo association.
DSCR Loans in Florida!
No Income Verfication!
DSCR loans or Debt Service Coverage Ratios loans do not require you to verfiy your personal income. They use the rent to service or cover the monthly debt. If the rent is equal to the montly mortgage payment, taxes and insurance, that is a ratio of 1. If you the rent covers 20% more that is a ratio of 1.2%.
Why Use a DSCR Loan in Florida?
DSCR loans are a great way to accumalate income producing properties. With 20% down you can keep buying properties without having to continually prove that your properties collectivley are earning enough income to balance out your debt ratios on your tax returns.
