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Apply today for the mortgage

that’s right for you.

Unlock Low Rates with Ease

Discover how Geovanne Colon simplifies the mortgage qualification process for you.

Apply today for the mortgage

that’s right for you.

Unlock Low Rates with Ease

Discover how Geovanne Colon simplifies the mortgage qualification process for you.

Low Rate.

Zero Hassles.

Get a free quote

Low Rate.

Zero Hassles.

Get a free quote

Feel Overwhelmed by Mortgage Choices? I Understand.

Feeling Lost in a Sea of Mortgage Options? Finding the right mortgage can be a daunting task. With an overwhelming array of rates, terms, and lenders, it's easy to feel lost and uncertain. Are you worried about high interest rates, hidden fees, or choosing a mortgage that doesn't fit your long-term goals?

Welcome to Your Gateway to Home Ownership

Embark on a seamless journey towards your dream home with Geovanne Colon, your trusted ally in mortgage solutions. With years of expertise and a commitment to securing the lowest rates, my mission is to transform the complex landscape of home financing into a simplified, transparent path leading straight to the keys of your new home.

Why Choose Us?

Expert Guidance Tailored to You

As a seasoned Loan Officer, I understand that every homebuyer's story is unique. Whether you're stepping into the world of real estate for the first time, seeking a splendid upgrade, diversifying your investment portfolio, or looking to refinance, my personalized approach ensures that your financial needs are met with precision and care.

Low Rates, High Satisfaction

Your finances deserve the best. That's why we shop you with multiple lenders to offer you competitive rates that translate into tangible savings over the life of your loan. With me, you're not just another application; you're a valued client with a vision – and I’m here to help bring that vision to life.

Loans Made Easy

Forget the daunting paperwork and the confusing jargon. My 'Loans Made Easy' philosophy is all about keeping the process straightforward and stress-free. From the first click to the final handshake, I am with you every step of the way, ensuring that you understand and feel confident about every decision along the path to homeownership.

Expert Guidance Tailored to You

As a seasoned Loan Officer, I understand that every homebuyer's story is unique. Whether you're stepping into the world of real estate for the first time, seeking a splendid upgrade, diversifying your investment portfolio, or looking to refinance, my personalized approach ensures that your financial needs are met with precision and care.

Low Rates, High Satisfaction

Your finances deserve the best. That's why we shop you with multiple lenders to offer you competitive rates that translate into tangible savings over the life of your loan. With me, you're not just another application; you're a valued client with a vision – and I’m here to help bring that vision to life.

Loans Made Easy

Forget the daunting paperwork and the confusing jargon. My 'Loans Made Easy' philosophy is all about keeping the process straightforward and stress-free. From the first click to the final handshake, I am with you every step of the way, ensuring that you understand and feel confident about every decision along the path to homeownership.

Ready to Start?

Your perfect home won't wait forever, and neither should you. Begin your journey today with a loan officer that puts you first. By choosing us, you're not just getting a loan – you're gaining a lifelong partner in all your mortgage endeavors.

Start your no-obligation consultation now and join the myriad of satisfied homeowners who have unlocked the doors to their future with ease and confidence. Dive into our world of simplified lending, and let's turn your homeownership dreams into reality.

Welcome Home!

  • Residential Mortgage Programs

  • Non-Qualified Mortgage (Non-QM) Loans

  • ITIN - No Social Security Loans

  • 1099 Loans

  • VOE Only

  • Asset Depletion

  • Bank Statement Loans

  • DSCR - Investor No Income Verification

  • Real Estate Investor Loans

  • Jumbo Loans

  • Non-Warrantable Condo Loans

  • Hard Money/Private Lending

  • Fix and Flips

  • New Construction

  • Bridge Loans

  • Commercial Loans

  • Small Business Administration (SBA) Loans

Start your no-obligation consultation now

Loan Programs We Help With

Seamless Solutions, Limitless Possibilities

Residential Mortgage Programs

1. FHA Loans

Federal Housing Administration (FHA) Loans

• Suitable for first-time homebuyers

• Low down payment options (as low as 3.5%)

• Requires mortgage insurance

• Lenient credit scores accepted

• 203K Renovation Loans Available

2. Conventional Loans

Conventional Mortgage Loans

• Preferred by borrowers with stronger credit

• Down payments as low as 3%

• Available in fixed or adjustable rates

• No government insurance premiums

• HomeStyle Renovation Loan Available

3. USDA Loans

US Department of Agriculture (USDA) Loans

• Ideal for eligible rural and suburban homebuyers

• Zero down payment

• Low insurance costs

• Income and geographic restrictions apply

4. VA Loans

Veterans Affairs (VA) Mortgage Loans

• Exclusively for veterans, active-duty service members, and eligible spouses

• No down payment required

• No mortgage insurance needed

• Competitive interest rates

A. ITIN - No Social Security Loans

• For borrowers with an Individual Tax Identification Number

• Lacks Social Security number

B. 1099 Loans

• Designed for independent contractors or self-employed individuals

• Based on the 1099 tax form income

C. VOE Only

• Verification of employment as the primary source of income validation

D. Asset Depletion

• Utilizes borrower's liquid assets for qualification purposes

E. Bank Statement Loans

• Income based on bank statements, suitable for self-employed borrowers

F. DSCR - Investor No Income Verification

• For real estate investors, using property cash flow as a qualification metric

Non-Qualified Mortgage (Non-QM) Loans

Loan Programs We Help With

Seamless Solutions, Limitless Possibilities

Residential Mortgage Programs

1. FHA Loans

Federal Housing Administration (FHA) Loans

• Suitable for first-time homebuyers

• Low down payment options (as low as 3.5%)

• Requires mortgage insurance

• Lenient credit scores accepted

2. Conventional Loans

Conventional Mortgage Loans

• Preferred by borrowers with stronger credit

• Down payments as low as 3%

• Available in fixed or adjustable rates

• No government insurance premiums

3. USDA Loans

US Department of Agriculture (USDA) Loans

• Ideal for eligible rural and suburban homebuyers

• Zero down payment

• Low insurance costs

• Income and geographic restrictions apply

4. VA Loans

Veterans Affairs (VA) Loans

• Exclusively for veterans, active-duty service members, and eligible spouses

• No down payment required

• No mortgage insurance needed

• Competitive interest rates

Non-Qualified Mortgage (Non-QM) Loans

A. ITIN - No Social Security Loans

• For borrowers with an Individual Tax Identification Number

• Lacks Social Security number

B. 1099 Loans

• Designed for independent contractors or self-employed individuals

• Based on the 1099 tax form income

C. VOE Only

• Verification of employment as the primary source of income validation

D. Asset Depletion

• Utilizes borrower's liquid assets for qualification purposes

E. Bank Statement Loans

• Income based on bank statements, suitable for self-employed borrowers

F. DSCR - Investor No Income Verification

• For real estate investors, using property cash flow as a qualification metric

More Loan Programs

Foreign National Loans

• Tailored for non-U.S. citizens looking to buy investment or vacation properties in the U.S.

• May require larger down payments and proof of foreign income.

Jumbo Loans

• Exceed the loan limits set by the FHFA for conventional mortgages.

• Requires non-traditional underwriting to accommodate the larger loan amount.

Real Estate Investor Loans

• Customized loans for experienced real estate investors.

• Can include options for multiple properties under a single loan (blanket loans).

Non-Warrantable Condo Loans

• For condos that do not meet specific requirements by Fannie Mae or Freddie Mac.

• Necessary for financing condos in buildings with more owner-occupied spaces or litigation issues.

Credit Event Loans

• Available to borrowers with significant derogatory credit events, such as bankruptcy or foreclosure.

• Typically requires a higher down payment or additional reserves.

Hard Money/Private Lending

•For immediate or short-term financing needs

• Higher-cost, short-term loans

• Asset-based lending criteria

• Terms typically around 12 months

Fix and Flips

• Loans crafted for renovating and flipping properties

Commercial Loans

•Tailored for businesses to purchase or refinance commercial property

• Offering solutions for office buildings, retail spaces, and industrial properties

• Custom terms to align with business strategies

New Construction

• Financing for ground-up construction projects

Small Business Administration (SBA) Loans

• Federally backed to help start or grow a business

• Lower down payments

• Longer repayment terms

• Focused on small businesses

Bridge Loans

• Short-term loans to bridge the gap during transitional periods

Down Payment Assistance Programs

• Provides prospective homebuyers with loans or grants that they can use toward the down payment for a house.

• Most down payment assistance programs are designed for first-time homebuyers and offered by various institutions, such as government, non-profits, or lenders.

More Loan Programs

Foreign National Loans

• Tailored for non-U.S. citizens looking to buy investment or vacation properties in the U.S.

• May require larger down payments and proof of foreign income.

Jumbo Loans

• Exceed the loan limits set by the FHFA for conventional mortgages.

• Requires non-traditional underwriting to accommodate the larger loan amount.

Real Estate Investor Loans

• Customized loans for experienced real estate investors.

• Can include options for multiple properties under a single loan (blanket loans).

Non-Warrantable Condo Loans

• For condos that do not meet specific requirements by Fannie Mae or Freddie Mac.

• Necessary for financing condos in buildings with more owner-occupied spaces or litigation issues.

Credit Event Loans

• Available to borrowers with significant derogatory credit events, such as bankruptcy or foreclosure.

• Typically requires a higher down payment or additional reserves.

Hard Money/Private Lending

•For immediate or short-term financing needs

• Higher-cost, short-term loans

• Asset-based lending criteria

• Terms typically around 12 months

Fix and Flips

• Loans crafted for renovating and flipping properties

Commercial Loans

•Tailored for businesses to purchase or refinance commercial property

• Offering solutions for office buildings, retail spaces, and industrial properties

• Custom terms to align with business strategies

New Construction

• Financing for ground-up construction projects

Small Business Administration (SBA) Loans

• Federally backed to help start or grow a business

• Lower down payments

• Longer repayment terms

• Focused on small businesses

Bridge Loans

• Short-term loans to bridge the gap during transitional periods

Down Payment Assistance Programs

• Provides prospective homebuyers with loans or grants that they can use toward the down payment for a house.

• Most down payment assistance programs are designed for first-time homebuyers and offered by various institutions, such as government, non-profits, or lenders.

Who We Help?

Seamless Solutions, Limitless Possibilities

First Time Home Buyers

We know how overwhelming the process of buying a home is, especially if it is the first time that you're doing it. We will work closely with you to explain the process, to protect you from making mistakes that could cost you later, and to ensure that your mortgage gets approved and you get the home that you are so excited to be buying!

Move Up and Second Home Buyers

Buying a new home when you currently own one has it's own unique set of concerns. We can answer all of your questions about how to qualify and purchase a home when you already own one whether you're buying a new primary residence or a second vacation home.

Refinancing Home Owners

If you already own your home but you are looking to refinance to either save money with a lower interest rate or possibly take some cash out for any reason, we can help you with that. We also can show you how to make sure you are structuring your new financing to get the best deal possible.

Investment Buyers

If you're buying real estate for investment purposes, we can help you secure low rate financing to maximize your ROI.

Seniors Seeking Reverse Mortgages

If you are 62 years or older and are looking for options to stay in your home without a mortgage payment or to access your home's equity while still living there, I can answer your questions about reverse mortgages so you can decide if they are right for you.

What My Clients Say

Ready to Find Your Perfect Mortgage?

Are You A First Time Home Buyer?

Download Our Free Home Buyer's Guide

Other Resources You'll Find Helpful

Buyer's Guide for Real Estate Agent

(English)

Buyer's Guide for Real Estate Agent

(Spanish)

Seller's Guide for Real Estate Agent

(English)

Seller's Guide for Real Estate Agent

(Spanish)

Calculate Your Mortgage Payment

Our Blogs

blog image

What are Duplex, Triplex and Quads?

March 08, 20245 min read

The desire of gold is not for gold. It is for the means of freedom and benefit.”

~Ralph Waldo Emerson~

Maximizing Mortgage Opportunities with Duplex, Triplex, and Quad Properties! 🏠🏡

In the dynamic world of real estate, multifamily properties such as duplexes, triplexes, and quads represent enticing opportunities for both homeowners and investors seeking to leverage their mortgage potential. These distinctive housing options allow individuals to not only create additional income streams through rentals but also strategically build wealth through smart real estate investments. In this blog post, we will explore the advantages of utilizing duplex, triplex, and quad properties to optimize mortgage opportunities and achieve financial success in the competitive housing market.

What are Duplex,  Triplex and Quads?

What are Duplex, Triplex and Quads?


Exploring the Mortgage Advantages of Duplex Properties

A duplex, featuring two separate living units within a single property, presents a compelling opportunity for homeowners to maximize their mortgage benefits. By choosing to live in one unit while renting out the other, individuals can effectively offset their mortgage expenses and potentially generate positive cash flow. This dual-income strategy not only contributes to covering housing costs but also aids in the accumulation of property equity.

One of the significant advantages of owning a duplex is the potential for long-term wealth creation. When homeowners receive rental income that surpasses their mortgage payment, they can use the additional funds to pay down the loan faster or invest in other income-generating assets. Additionally, the rental income from a duplex property can act as a safety net during economic downturns, providing financial stability.

Investing in a duplex property requires careful consideration of rental market conditions, property management strategies, and financing options. Leveraging the rental income from one unit to support mortgage payments offers a strategic advantage, allowing homeowners to strengthen their financial position and diversify their investment portfolio. Furthermore, homeowners may be eligible for certain tax benefits associated with rental properties, such as deductions for property expenses.

Leveraging Mortgage Benefits with Triplex Residences

Moving on to triplex properties, which encompass three distinct living units, homeowners and investors have the opportunity to further amplify their mortgage advantages. Triplex residences provide enhanced rental income potential compared to duplexes, enabling individuals to generate increased cash flow and expedite their mortgage repayment timeline.

The rental income from a triplex property can provide significant financial advantages for homeowners. It not only helps cover mortgage payments but also offers the potential for consistent cash flow that can be reinvested or used to build a robust financial portfolio. Additionally, by diversifying income sources through multiple rental units, homeowners can mitigate the risk associated with relying on a single tenant in a traditional single-family home.

To optimize the benefits of a triplex property, it is essential to strategically manage the rental units, stay informed about market demand, and implement sound property management practices. Being an effective landlord and providing a desirable living experience for tenants can lead to long-term tenant retention, reducing vacancies and ensuring a stable rental income stream.

Enhancing Mortgage Opportunities Through Quad Homes

Quad homes, also known as fourplexes, offer unparalleled opportunities for investors looking to maximize their real estate holdings and mortgage benefits. With four independent living units housed under one roof, quad properties provide substantial rental income potential and diversification of rental sources. Investors can leverage the rental income from multiple units to cover mortgage obligations, generate positive cash flow, and work towards long-term wealth creation.

The potential for cash flow through quad properties is particularly attractive to investors. With four separate rental units, the income generated can be significant, often surpassing the expenses associated with the property. This positive cash flow can be utilized for various purposes, such as paying down the mortgage, reinvesting in additional real estate ventures, or saving for future investments.

Managing a quad property effectively entails meticulous property maintenance, expert tenant management, and comprehensive financial planning. By carefully selecting a strategic location, optimizing rental rates, and staying abreast of market trends, investors can enhance the mortgage efficiency of quad homes and realize their financial aspirations in the real estate market.

Investing in a quad property requires a thorough analysis of the rental market in the desired area. Factors such as supply and demand, rental rates, and vacancy rates should be evaluated to ensure that the property will generate the desired cash flow. Additionally, having a solid understanding of property management best practices will help investors overcome challenges and ensure the long-term success of their investment.

Comparing Mortgage Advantages of Duplex, Triplex, and Quad Properties

Each type of multifamily residence—be it a duplex, triplex, or quad—offers unique advantages for maximizing mortgage opportunities based on individual objectives and financial goals. Duplex properties are well-suited for those seeking to alleviate mortgage payments while generating passive income. Triplex properties strike a balance between rental income potential and property scalability, facilitating accelerated mortgage payoff. Quad properties present the highest rental income potential, enabling investors to optimize their mortgage benefits and expand their real estate portfolio strategically.

Duplexes, triplexes, and quads all have the potential to generate rental income that can offset mortgage expenses, contribute to building equity, and generate long-term wealth. However, the choice between these options depends on factors such as the investor's risk tolerance, financial goals, and local real estate market conditions.

In the realm of duplex, triplex, and quad properties holds boundless potential for maximizing mortgage benefits and fostering financial growth through real estate investments. By leveraging rental income from multifamily residences, homeowners and investors can optimize mortgage payments, generate passive income, and attain financial success within the competitive housing market. Whether you are a first-time homebuyer or a seasoned investor, embracing the possibilities offered by duplex, triplex, and quad properties can lead to considerable mortgage advantages and long-term financial prosperity.

Schedule a Free Mortgage Consultation Today:

https://loanswithgeo.com/book-appointment

Back to Blog
blog image

What are Duplex, Triplex and Quads?

March 08, 20245 min read

The desire of gold is not for gold. It is for the means of freedom and benefit.”

~Ralph Waldo Emerson~

Maximizing Mortgage Opportunities with Duplex, Triplex, and Quad Properties! 🏠🏡

In the dynamic world of real estate, multifamily properties such as duplexes, triplexes, and quads represent enticing opportunities for both homeowners and investors seeking to leverage their mortgage potential. These distinctive housing options allow individuals to not only create additional income streams through rentals but also strategically build wealth through smart real estate investments. In this blog post, we will explore the advantages of utilizing duplex, triplex, and quad properties to optimize mortgage opportunities and achieve financial success in the competitive housing market.

What are Duplex,  Triplex and Quads?

What are Duplex, Triplex and Quads?


Exploring the Mortgage Advantages of Duplex Properties

A duplex, featuring two separate living units within a single property, presents a compelling opportunity for homeowners to maximize their mortgage benefits. By choosing to live in one unit while renting out the other, individuals can effectively offset their mortgage expenses and potentially generate positive cash flow. This dual-income strategy not only contributes to covering housing costs but also aids in the accumulation of property equity.

One of the significant advantages of owning a duplex is the potential for long-term wealth creation. When homeowners receive rental income that surpasses their mortgage payment, they can use the additional funds to pay down the loan faster or invest in other income-generating assets. Additionally, the rental income from a duplex property can act as a safety net during economic downturns, providing financial stability.

Investing in a duplex property requires careful consideration of rental market conditions, property management strategies, and financing options. Leveraging the rental income from one unit to support mortgage payments offers a strategic advantage, allowing homeowners to strengthen their financial position and diversify their investment portfolio. Furthermore, homeowners may be eligible for certain tax benefits associated with rental properties, such as deductions for property expenses.

Leveraging Mortgage Benefits with Triplex Residences

Moving on to triplex properties, which encompass three distinct living units, homeowners and investors have the opportunity to further amplify their mortgage advantages. Triplex residences provide enhanced rental income potential compared to duplexes, enabling individuals to generate increased cash flow and expedite their mortgage repayment timeline.

The rental income from a triplex property can provide significant financial advantages for homeowners. It not only helps cover mortgage payments but also offers the potential for consistent cash flow that can be reinvested or used to build a robust financial portfolio. Additionally, by diversifying income sources through multiple rental units, homeowners can mitigate the risk associated with relying on a single tenant in a traditional single-family home.

To optimize the benefits of a triplex property, it is essential to strategically manage the rental units, stay informed about market demand, and implement sound property management practices. Being an effective landlord and providing a desirable living experience for tenants can lead to long-term tenant retention, reducing vacancies and ensuring a stable rental income stream.

Enhancing Mortgage Opportunities Through Quad Homes

Quad homes, also known as fourplexes, offer unparalleled opportunities for investors looking to maximize their real estate holdings and mortgage benefits. With four independent living units housed under one roof, quad properties provide substantial rental income potential and diversification of rental sources. Investors can leverage the rental income from multiple units to cover mortgage obligations, generate positive cash flow, and work towards long-term wealth creation.

The potential for cash flow through quad properties is particularly attractive to investors. With four separate rental units, the income generated can be significant, often surpassing the expenses associated with the property. This positive cash flow can be utilized for various purposes, such as paying down the mortgage, reinvesting in additional real estate ventures, or saving for future investments.

Managing a quad property effectively entails meticulous property maintenance, expert tenant management, and comprehensive financial planning. By carefully selecting a strategic location, optimizing rental rates, and staying abreast of market trends, investors can enhance the mortgage efficiency of quad homes and realize their financial aspirations in the real estate market.

Investing in a quad property requires a thorough analysis of the rental market in the desired area. Factors such as supply and demand, rental rates, and vacancy rates should be evaluated to ensure that the property will generate the desired cash flow. Additionally, having a solid understanding of property management best practices will help investors overcome challenges and ensure the long-term success of their investment.

Comparing Mortgage Advantages of Duplex, Triplex, and Quad Properties

Each type of multifamily residence—be it a duplex, triplex, or quad—offers unique advantages for maximizing mortgage opportunities based on individual objectives and financial goals. Duplex properties are well-suited for those seeking to alleviate mortgage payments while generating passive income. Triplex properties strike a balance between rental income potential and property scalability, facilitating accelerated mortgage payoff. Quad properties present the highest rental income potential, enabling investors to optimize their mortgage benefits and expand their real estate portfolio strategically.

Duplexes, triplexes, and quads all have the potential to generate rental income that can offset mortgage expenses, contribute to building equity, and generate long-term wealth. However, the choice between these options depends on factors such as the investor's risk tolerance, financial goals, and local real estate market conditions.

In the realm of duplex, triplex, and quad properties holds boundless potential for maximizing mortgage benefits and fostering financial growth through real estate investments. By leveraging rental income from multifamily residences, homeowners and investors can optimize mortgage payments, generate passive income, and attain financial success within the competitive housing market. Whether you are a first-time homebuyer or a seasoned investor, embracing the possibilities offered by duplex, triplex, and quad properties can lead to considerable mortgage advantages and long-term financial prosperity.

Schedule a Free Mortgage Consultation Today:

https://loanswithgeo.com/book-appointment

Back to Blog

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South Wind Financial, Inc.

Mortgage Broker Lic #MB9462

Branch NMLS #86116

1356 Atwood Ave. Johnston, RI 02919

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