Here are answers to some commonly asked questions. If you have questions that aren't listed, contact us at 800-822-4645.

Today’s mortgages require some form of income verification but a great program for self employed borrowers is the Bank Statement program. You are allowed to provide 12 months of personal bank statements or 24 months of business bank statements.

Absolutely! Priority Mortgage provides a variety of options to lock in your interest rate. Locking your rate means that the lender is agreeing to provide you with your mortgage at that particular rate, and that it won’t go up between the time you lock it and the time that you close on your home.

Our LOCK and SHOP Program can lock your interest rate for 60 or 90 days! You can get the interest rate you want by filling out this short form on the right and have a Priority Mortgage Loan Adviser lock it for you right away!

Mortgage interest rates fluctuate and you don’t want to start shopping for a house operating under a certain interest rate assumption only to be unpleasantly surprised that interest rates have risen during your house hunt.

So, take advantage of our LOCK and SHOP Program today!

No worries! Priority Mortgage has many programs available today that require less than 20% down payment. FHA is only 3.5% down and both Freddie Mac and Fannie Mae have similar programs with only 3.0% down.

The first thing to do is call or apply today so we can determine the right program for you.

Yes! The different types of loan programs being offered are changing every day. We provide the best loan program tailored to fit all of our client's needs. Unlike the big banks that are restricted to using only a few loan programs being offered by the bank, Priority Mortgage offers a multitude of mortgage loan programs.

What we do at Priority Mortgage is take the time to listen to your needs and find the right solution that fits them.

Call or apply today and let us show you what we've been doing for years in Florida....Making Home Ownership a reality!

With a fixed rate mortgage, the interest rate and the amount you pay each month remain the same over the entire mortgage term, traditionally 15, 20 or 30 years. A number of variations are available, including five- and seven-year fixed rate loans with balloon payments at the end. With an adjustable rate mortgage (ARM), the interest rate fluctuates according to the indexes. Initial interest rates of ARMs are typically offered at a discounted ("teaser") interest rate lower than fixed rate mortgage. Over time, when initial discounts are filtered out, ARM rates will fluctuate as general interest rates go up and down. Different ARMs are tied to different financial indexes, some of which fluctuate up or down more quickly than others. To avoid constant and drastic changes, ARMs typically regulate (cap) how much and how often the interest rate and/or payments can change in a year and over the life of the loan. A number of variations are available for adjustable rate mortgages, including hybrids that change from a fixed to an adjustable rate after a period of years.