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Low Rate and Fee Combo Guarantee
Each morning at Gateway Capital Mortgagewe receive wholesale rate sheets from over 50 wholesale lenders. We take your specific scenario and match it with the most competitive lender that is offering the highest incentive and is buying the market for your scenario. We clearly detail a fee and rate comparison line by line free of charge so you can be an educated shopper. By eliminating the confusion and frustration that occurs when comparing multiple lenders, the right choice becomes clear. Call 888-595-7339

No Other Company Offers a Similar Guarantee
Clients spend hours researching themselves, calling multiple companies to get the lowest rate. Others save time and apply with Gateway Capital because they know we’ll get them the lowest mortgage rates guaranteed. If you can find a lender with a lower rate and fee combo than Gateway Capital, we will give you dollarsignr500.00*.

* – This guarantee is applied toward purchases or refinancing; applies only to fully documented Conforming 15 year and 30 year fixed rate first mortgages starting at dollarsignr100,000 up to a maximum loan amount of dollarsignr417,000. In order to receive payment under this guarantee, a customer must first provide a complete, system-generated (not hand-written) Good Faith Loan Estimate, listing a specific lender’s name, and dated the same date as the rate quoted by us. If such Good Faith Estimate indicates an interest rate and closing costs package that is equal to or lower than our interest rate and closing costs package for the same loan program, and we have verified the accuracy of the rate and costs listed, we will either beat the total loan costs by dollarsignr100 or pay the customer dollarsignr500 within ten business days after the customer’s loan is closed and the customer provides us a copy of the fully executed Note and HUD-1 Settlement Statement from such closing.

The four-county area is composed of roughly 3 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C., and Atlanta. Gateway Capital Mortgage offers a wide variety of Florida Mortgages to refinance your current mortgage or to help purchase your new home.

Why Choose Us?

We offer a wide range of Tampa home mortgage solutions.

Because our representatives are Tampa mortgage broker experts, and can help you with making the right decision.

We offer Tampa home mortgages to those with past bad credit problems (foreclosure, bankruptcy, judgments, and collections).

We have the best Tampa mortgage rates for all credit grades in Florida.

Florida VA Loans & Florida FHA Loans
Refinance Cash Out for any reason
Florida Jumbo Mortgage
1st Time Home buyers
FHA Bankruptcy Buyout
Florida Credit Repair
Current Home Mortgage Rates

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Should the First Time Home Buyer tax credit be extended?
We love the dollarsignr8,000 first-time homebuyer (“FTH”) tax credit! We’ve deemed this credit “the stimulus that actually stimulates!” because it made our mortgage firm phone ring with buyers wanting to take advantage of it, unlike the other dozen stimulus measures that have had no obvious, direct results on the consumers we work with.
If you’ve been underneath a real estate-free rock for the first half of the year, let us brief you on the details of this program. Folks who (a) haven’t owned a home for the past three years, (b) earn a “modified adjusted gross income” (don’t even ask — check with your tax pro) of dollarsignr75,000 or less for singles/dollarsignr150,000 or less for married filing jointly, and who (c) close escrow on a home purchase no later than Nov. 30, 2009, can qualify for the tax credit. Why, you might ask, does this particular tax work so well? Mostly in the ways that it is different from previous credits: It doesn’t have to be paid back (like its Bush-era predecessor), it is accessible immediately (buyers can actually file an amended 2008 return right after closing to get their dough), and it is fully refundable — eligible FTHs can actually walk away with a check from the IRS for dollarsignr8,000, rather than the credit working only to offset tax liability.
The FTH tax credit question I’ve been asked increasingly over the last few weeks has nothing to do with the pros and cons of the credit itself, but rather, with its duration. Inquiring minds (buyers, sellers and Realtors alike) all want to know: Will the dollarsignr8,000 FTH tax credit be extended another year? There are really two intertwined questions latent in the issue: 1) Should the tax credit be extended? and 2) Is an extension likely?
There are scores of arguments in favor of extending the program — well, for those who agree that the goal should be to stimulate home buying. (If you think this goal is way off-base, which, believe it or not, some folks do, feel free to stop reading now.) Some might argue the tax credit should be extended for another year (or even more) or broadened to encompass move-up buyers (not just first-timers) because it has been effective: The combo meal of low home prices plus the FTH credit has definitely driven buyers off the fence and into the market in the first quarter of 2009, especially in the areas hardest hit by the foreclosure crisis.
But, even though it wasn’t broke, the Department of Housing and Urban Development went right on ahead and fixed the FTH tax credit — or announced its intention to fix it anyway — a couple of months ago when it announced a plan to allow buyers using FHA loans to monetize the credit upfront, to be applied toward down payment in excess of the 3.5 percent minimum or toward closing costs. The catch, if you want to call it that, is that the upfront monetization logistics haven’t yet been completely worked out, so by the time the FTH tax credit becomes available for upfront use, it will be available for only five months, perhaps less, if the current deadline for the program remains in place. Just when the program gets turbocharged, if the Dec. 1 expiration is not extended, it will go away.
While we’ve seen more and more activity in the market lately, and things appear to be looking up, there are lots of reasons why we still need and could really use the FTH tax credit going forward another year or more. While actual foreclosures seem to be slowing down, this might be an artifact of the various moratoria that were imposed during the first half of the year — we’ll see what happens during the rest of the year. Also, the adjustable-rate-mortgage reset numbers peaked last year, but there are still many hundreds of thousands scheduled to reset this year and next.
Should the FTH tax credit be extended?
Yes, please! If you are in the market to refinance or purchase, we offer the lowest rate and fee combination.

When it comes to the dollarsignr8,000 tax credit for first-time homebuyers, it seems there’s a new program every week to help tap that money today.

The credit can be claimed on 2008 or 2009 tax returns. Homebuyers who get a loan backed by the Federal Housing Administration can use the money to cover closing costs and other fees, and at least 10 states offer ways to use the tax credit faster.

“There are some real neat tax planning strategies you can apply now,” said Bob Meighan, vice president of TurboTax.

To be eligible, a buyer cannot have owned a home in the past three years. So if you’re ready to buy, here are some tips:

INCOME CONSIDERATIONS: The tax credit, for home purchases made through end of November, comes with income thresholds, dollarsignr75,000 for individuals and dollarsignr150,000 for joint filers. After those limits, the credit begins to phase out. If you bought a home this year and expect your 2008 income to be lower than next year’s, it makes sense to file for the credit this year using a 2008 amended return.

However, if you think your income will decrease, due to job loss, wage cuts or hour reductions, it makes more sense to file for the tax credit on your 2009 tax returns to get the most out of the credit, Meighan said.

TAX WITHHOLDING: Another benefit to waiting until 2009: You can increase your take-home pay. By taking the credit next year, you can change your tax withholding status with your employer now and get more on a paycheck-to-paycheck basis, Meighan said.

You’ll be giving up a “fatter” tax refund next year, but each month you’ll have more change in your pocket.

Also, don’t forget to reduce your federal and state tax withholding to account for the tax deduction you can take on the mortgage interest and property taxes you pay.

BRIDGE LOANS: Ten states (and the list keeps growing) are offering so-called “bridge loans” for the federal tax credit, so homebuyers can take advantage of the dollarsignr8,000 before the 2010 filing season. Qualified homebuyers in Colorado, Delaware, Idaho, Kentucky, Missouri, New Jersey, New Mexico, Ohio, Pennsylvania and Tennessee can receive a loan with little to no interest and repay it with the tax credit refund next year.

“I see it as an upside,” Meighan said. “It gives homebuyers more flexibility,” with the money.

Each state program varies and some require a minimum down payment contribution from the buyer.

Some nonprofit organizations like NeighborWorks America are also offering bridge loans for the tax credits.

California also enacted its own one-time home buying credit for newly built homes purchased between Feb. 28 and March 1, 2010. The nonrefundable credit, which is for all buyers, not just first timers, is equal to 5 percent of the purchase price up to dollarsignr10,000. It can be claimed over a three-year period. The property must be a single-family residence, the principal residence and eligible for the property tax homeowners exception.

A California resident can take both the federal and state tax, according to Kathleen Thies, a state tax analyst at CCH Inc. However, only dollarsignr100 million has been put aside for the state credit and that money is expected to run out this month or next. And there are no plans to add more funding to the program.

“It’s on a first-come, first-serve basis,” Thies says.

ADVANCE CREDIT: Last month, the FHA said its borrowers can receive advances on the dollarsignr8,000 first-time homebuyer tax credit from lenders, so they don’t have to wait to get the money next year from the Internal Revenue Service.

Borrowers will still have to come up with the FHA’s required 3.5 percent down payment, but the advance from the tax credit can be applied toward closing costs, fees or to increase the down payment.

John W. Roth, a senior tax analyst at CCH, believes some lenders won’t participate. The process involves more work for lenders, but lenders can only charge an additional 2.5 percent fee for that.

Homebuyer Tax Credit Friday May 29, 2009
Tax Credit can immediately help thousands of Florida First Time Homebuyers to buy a home. 

FHA plan will stimulate Florida Home Buyer sales and help stabilize housing market

WASHINGTON – Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan today announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration’s new $8,000 Florida First Time Home Buyer tax credit toward the purchase costs of a FHA-insured home. Donovan said that today’s action will help stabilize the nation’s housing market by stimulating home sales across the country.
The American Recovery and Reinvestment Act of 2009 offers homebuyers a tax credit of up to $8,000 for purchasing their first home. Families can only access this credit after filing their tax returns with the IRS. Today’s announcement details FHA’s rules allowing state Housing Finance Agencies and certain non-profits to “monetize” up to the full amount of the tax credit (depending on the amount of the mortgage) so that borrowers can immediately apply the funds toward their down payments. Home buyers using FL FHA Loans-approved lenders can apply the tax credit to their down payment in excess of 3.5 percent of appraised value or their closing costs, which can help achieve a lower interest rate. To read the FHA’s new mortgagee letter, visit HUD’s website.
“We believe this is a real win for everyone,” said Donovan. “Today, the Obama Administration is taking another important step toward accelerating the recovery of the nation’s housing market. Families will now be able to apply their anticipated tax credit toward their home purchase right away. At the same time we are putting safeguards in place to ensure that consumers will be protected from unscrupulous lenders. What we’re doing today will not only help these families to purchase their first home but will present an enormous benefit for communities struggling to deal with an oversupply of housing.”
Currently, borrowers applying for an FHA-insured mortgage are required to make a minimum 3.5 percent downpayment on the purchase of their home. Current law does not permit approved lenders to monetize the tax credit to meet the required 3.5 percent minimum down payment, but, under the terms of today’s announcement, lenders can now monetize the tax credit for use as additional down payment, or for other closing costs, which can help achieve a lower interest rate. Buyers financing through state Housing Finance Agencies and certain non-profits will be able to use the tax credit for their downpayments via secondary financing provided by the HFA or non-profit. In addition to the borrower’s own cash investment, FL FHA Loans allows parents, employers and other governmental entities to contribute towards the downpayment. Today’s action permits the first-time homebuyer’s anticipated tax credit under the Recovery Act to be applied toward the family’s home purchase right away. Unlike seller-funded down-payment assistance, which was a vehicle for abuse, this program will allow homebuyers to shop for the best home price and services using their anticipated tax credit. Florida Mortgage

Finding the correct Clearwater Florida Mortgage can be hard to find when purchasing a new home for the first time. With our help, you’ll be able to find the information you need to finance your new home. We can provide a smooth mortgage transaction with great mortgage rates, and low closing costs. From application to decision, we’ll hold your hand to guarantee your satisfaction. As a Florida FHA lender we can provide a mortgage program with a low down payment of 3.5%.

Clearwater Refinance for your current mortgage has never been easier. We will provide full disclosures to make sure there are no surprises at the closing table. We make it worry-free to reduce your current mortgage rate, and your current mortgage payment. Our professionals will help guide you with the best Florida Refinance Rates, and provide you with the Florida mortgage information that will suit your needs.

Here are some of the Clearwater mortgage options we offer to our borrowers.

Florida VA Loans & FL FHA Loans
Refinance Cash Out for any reason
Florida Jumbo Loans
1st Time Home buyers
Florida Refinance Rates

a Cape Coral Mortgage lender we can offer you a full variety of mortgage programs to suit your financing needs. Whether you’re financing a new home or looking to refinance, we can offer the best rates with low closing costs. We’ll guide you through the mortgage process so that you can spend more time finding that right home! From application to decision, we’ll hold your hand to guarantee your satisfaction. As a Florida FHA lender we can provide a mortgage program with a low down payment of 3.5%, and the seller can pay up to 6% of your closing costs.

Cape Coral Refinancing for your current mortgage has never been easier. We will provide full set of disclosures to make sure there are no surprises at the closing table. We make it worry-free to reduce your current mortgage rate, and your current mortgage payment. Our mortgage loan professionals will help guide you with the best Florida Refinance Rates, and provide you with the mortgage information that will suit your needs. From start to finish, we’ll make sure you’re satisfied with our services!

Here are a few of our products that we offer to our borrowers.

Florida VA Loans & FL FHA Loans
Refinance Cash Out for any reason
Florida Jumbo Loans
1st Time Home buyers
Florida USDA Loans
FHA Bankruptcy Buyout
Florida Refinance Rates

Gateway Capital offers Tallahassee Mortgage loans through a wide variety of mortgage programs. Some of the programs include FHA, VA, Jumbo, and Super Jumbo. We’ll help you find the right financing while you find your brand new home. We’ll provide information on the various types of Government or Conventional programs that may help you with your mortgage financing. As a Florida FHA lender we can provide a mortgage program with a low down payment of 3.5%, and 6% from seller towards your closing costs.

Gateway Capital also offers Tallahassee Refinancing for those looking to lower their current mortgage rate or to lower their monthly mortgage payment. Even after closing you’ll receive a 3 day right of rescission to help put you at ease. We provide a full set of disclosures before closing to make sure there are no surprises at the closing table. We make it worry-free to reduce your current interest rate, and your current mortgage payment. Our professionals will help guide you with the best Florida Refinance Rates, and provide you with the Florida loan information that will suit your needs.

We have the best Tallahassee mortgage rates for all credit grades in Florida.

Florida VA Loans & Florida FHA Loans
Refinance Cash Out for any reason
Florida Jumbo Loans
1st Time Home buyers
Florida USDA Loans
FHA Bankruptcy Buyout
Florida Credit Repair
Current Home Mortgage Rates

Today March 12th, 2009 the retail sales for February fell 0.1%, however, this was a bit better than expectations of a 0.5% drop. Adding to the positive tone was a significant upward revision to January’s Report to 1.8% from a previous number of 1%. Retail Sales is a very volatile Report on a month to month basis, but the last couple of readings are encouraging – perhaps showing some signs of economic stabilization. We encourage now is a very good time for a Florida Refinancing.

One area of the economy that continues to struggle is the Job market…654,000 filed for Initial Jobless claims this past week, a bit more than expectations of 644,000. The number of people receiving unemployment checks in the week ending Feb. 28 rose 193,000 to a record 5.32 Million. Let’s hope that this economic stimulus plan gets to work and starts boosting confidence and creating jobs, so that this negative jobs trend can reverse.

Also today at 10am, the curtains open on what could be an extremely important hearing on mark-to-market accounting. Today, the SEC’s Chief Accountant, the FASBs Chairman and the Deputy Comptroller for Regulatory Policy in the Treasury Department are expected to testify in front of the House Financial Services committee on mark to market. We will be watching this very closely, as this will no doubt have a dramatic effect on market trading today and well into the future. Fl Mortgage Rates are very low.