PS Mortgage Lending

Yes. PS Financial Services has become one of the top Reverse Mortgage Companies in Florida, and was ranked #1 Reverse Mortgage Broker in Florida for 2015, 2016, & 2017

Simply put, it’s a benefit for the veterans, it’s a mortgage. The most important part is that you can literally put 0% down, so it’s basically a 100% financing. Other types of mortgages could give you up to 90% – 97%. Regarding closing costs, you can get a seller, a lender or a realtor to help you with it.

Yes! Use our Mortgage Calculator!

Jumbo can be in the millions and have low rates for the right borrower. There are so many options when you get into the high loan amounts, and should be discussed on a case by case basis.

In 2017, the FHA Reverse Mortgage or HECM (click here to learn about the HECM) became less attractive to borrowers, and there was worry the “viability” of the HECM was in jeopardy. So the largest reverse mortgage lenders began create their own versions of the reverse mortgage.

The VA Jumbo is basically a VA Mortgage with a loan amount over the lending limit in your area, BUT as of January 1, 2020 there is only 1 different between a regular VA loan and a VA Jumbo loan, the rate.

This is the largest and most popular program with the Non-Qualified Mortgage or Non-QM arena. It is primarily, but not limited to, self employed borrowers who make more money than is shown on their tax returns.

The FHA reverse mortgage is a mortgage loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash.

These are the most common types of mortgages offered and are the main mortgages that fall under the definition of a “Qualified Mortgage”. These are the easiest mortgages to get closed because they offer automated underwriting and are the most mainstream, which means there is a lot more support.

Yes, PS Mortgage Lending is a boutique Mortgage Company headquartered in beautiful Miami, Florida. PS can do business throughout Florida and Texas, and have agents who can meet clients face to face in many parts of both states.

PS Financial Services has become one of the top Reverse Mortgage Companies in Florida, and was ranked #1 Reverse Mortgage Broker in Florida for 2015, 2016, & 2017 (based on Reverse Mortgage Insight’s “RMI Reports”).

Yes, Phil Stevenson is 1 of approximately 150 Certified Reverse Mortgage Professionals (CRMP) in the United States.

Approximately 150 Certified Reverse Mortgage Professionals (CRMP) in the United States.

We offer the e-guide in English and Spanish!

We are veteran-owned and operated, with an office in Texas and Miami.

We have been in business since August 2012.

Yes, see them on my website!

Scheduling a consultation is as simple as calling us directly.

Yes, we do. Visit the link on our website to calculate your estimated payment https://psmortgagelending.com/calculator/

We are open Monday through Friday from 9:00 am - 7:00 pm.

An Appraisal is an estimate of a property's fair market value. It's a document generally required (depending on the loan program) by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property. The Appraisal is performed by an "Appraiser" typically a state-licensed professional who is trained to render expert opinions concerning property values, its location, amenities, and physical conditions.

An intermediary between the borrower and the lender. The broker may represent several lending sources and charges a fee or commission for services.

It depends on the mortgage type, and on whether it needs an appraisal or not, but we can close as fast as 2 to 3 weeks from application.

This varies, it depends on your credit scores, property type, loan to value.