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Education & resources New Century Mortgage, LLC · NMLS# 1967971

Mortgage Education

Plain-language guides and FAQs on every mortgage topic — from FHA basics to luxury jumbo financing, investment property DSCR loans, and first-time buyer programs. Licensed in FL, TN, SC, CO & TX.

All topics FHA & VA Jumbo & luxury Investment & DSCR First-time buyers Calculators & tools Rates & market Neighborhoods

Featured guides

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FHA & VA

All FHA & VA guides →
FHA & VA
FHA Loan FAQ

Everything you need to know — FHA purchase, streamline refinance, 203(k) rehab, and HECM reverse programs. Gif...

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FHA & VA
FHA vs. Conventional — Side-by-Side

Mortgage insurance structure, loan limits, down payment requirements, and qualification standards compared hea...

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FHA & VA
FHA Streamline Refinance

Simplified refinance for existing FHA borrowers. Reduced documentation and no appraisal required in most cases...

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FHA & VA
FHA Mortgage Program

Full overview of the FHA mortgage program — eligibility, loan limits, MIP structure, and how to apply through ...

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FHA & VA
VA Mortgage Programs

Purchase, IRRRL refinance, and cash-out programs for eligible veterans, active-duty members, and qualifying su...

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FHA & VA
VA Jumbo Loan Limits — Florida

VA loans don't cap at the conforming limit for eligible veterans. How VA jumbo programs work in high-cost Flor...

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FHA & VA
USDA Eligibility Map

How to use the USDA eligibility map to check whether a property qualifies for rural financing in FL, TN, SC, C...

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FHA & VA
Mortgage Insurance Explained

The difference between FHA MIP and conventional PMI — how each works, how long it lasts, and when you can remo...

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Jumbo & luxury

All jumbo & luxury →
Jumbo & luxury
2026 FHFA Conforming Loan Limits

$832,750 baseline. $1,249,125 high-cost ceiling. What these limits mean for buyers in Miami, Sunny Isles Beach...

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Jumbo & luxury
Jumbo Mortgage Program

Non-conforming programs above the 2026 FHFA baseline of $832,750. Portfolio lenders, private banking, and supe...

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Jumbo & luxury
Conforming vs. Conventional Loans

Why the terms aren't interchangeable — and exactly when a conforming loan becomes a jumbo at the county level....

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Jumbo & luxury
Luxury Homes Miami

Mortgage financing for Miami's prestige properties — Porsche Design Tower, Bentley Residences, Aston Martin, J...

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Jumbo & luxury
Porsche Design Tower Financing

Super-jumbo financing options for the world's first residential skyscraper with a Dezervator sky garage in Sun...

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Jumbo & luxury
ELLE Residences Miami

The first ELLE-branded residential development worldwide. 180 turnkey furnished units in Edgewater. From ~$525...

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Investment & DSCR

All investment guides →
Investment & DSCR
DSCR Loan Calculator & Guide

How DSCR loans qualify on rental income rather than personal tax returns. Calculate your debt service coverage...

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Investment & DSCR
Foreign National & ITIN Mortgage

How non-citizen and ITIN borrowers access mortgage programs. Bank statement, asset-depletion, and foreign nati...

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Investment & DSCR
Purchase Money Second Mortgage

Seller-financed second mortgages and alternative purchase financing strategies — how they work and when they m...

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Investment & DSCR
Adding Someone to a Mortgage

What it means to add a co-borrower or co-signer — title implications, qualification changes, and process steps...

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Calculators & tools

All calculators →

First-time buyers

All first-time buyer guides →
First-time buyers
First-Time Homebuyer Programs

FHA, VA, USDA, HomeReady, Home Possible, and Florida Hometown Heroes programs for eligible first-time buyers....

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First-time buyers
14 First-Time Buyer Grants

Federal and state grant programs, down payment assistance, and affordable housing initiatives for first-time b...

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First-time buyers
5 Easy Steps to Buy Your Dream Home

A plain-language walkthrough of the entire homebuying process — from pre-qualification through closing day....

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First-time buyers
FL Hometown Heroes Program

Down payment and closing cost assistance for eligible frontline workers purchasing a primary residence in Flor...

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First-time buyers
First-Time Homebuyer Tax Credit

Federal first-time homebuyer tax credit and $25K grant programs — eligibility, availability, and how to access...

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First-time buyers
5 Strategies to Improve Your Credit Score

How payment history, utilization, credit age, and other factors affect your score — and what to do before appl...

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Rates & market

All market articles →
Rates & market
Mortgage Interest Rates Over Time

Historical look at mortgage rate movements — and what the factors behind rate changes mean for your purchase t...

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Rates & market
What Is a Mortgage Quote?

The difference between a mortgage quote, pre-qualification, and pre-approval — and why comparing wholesale len...

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Rates & market
The HMDA Explained

The Home Mortgage Disclosure Act — what data lenders must report, what it means for fair lending, and your rig...

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Rates & market
Refi Now & Refi Possible

Freddie Mac's Refi Now and Refi Possible programs — eligibility for borrowers at or below income limits....

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Rates & market
Mortgage Broker Near Me

Why working with a licensed mortgage broker gives you access to multiple wholesale lenders rather than one ban...

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Frequently asked questions

What mortgage programs does New Century Mortgage offer?

New Century Mortgage, LLC (NMLS# 1967971) provides access to FHA, VA, conventional, jumbo, DSCR, commercial, Non-QM, USDA, and construction loan programs from multiple wholesale lenders. Licensed for primary residential brokerage in FL, TN, SC, CO, TX. Commercial and DSCR may be available in additional states — call (305) 317-8475 to confirm.

What is the 2026 FHFA conforming loan limit?

The 2026 baseline is $832,750 in most U.S. counties. In designated high-cost areas, the ceiling is $1,249,125 (150% of the baseline). Loans above the applicable county limit require non-conforming jumbo programs. Visit fhfa.gov for current county limits.

What is a DSCR loan?

A DSCR loan qualifies on the investment property's projected rental income rather than personal income documents. Designed for real estate investors. May be available in states beyond our residential license. See our DSCR calculator and program page.

How does the AI mortgage application work?

The AI application at AIMortgageApplication.com is a data entry tool only. Upload your documents and the AI pre-fills your application — no manual typing. The AI does not make credit decisions. After submission a licensed MLO contacts you and shops multiple wholesale lenders on your behalf. *Application time may vary.

What educational resources are available for first-time buyers?

See our first-time homebuyer guide, 14 grants and programs guide, Florida Hometown Heroes page, and federal tax credit guide. All content is for informational purposes — speak with a licensed MLO for guidance specific to your situation.

All content on this page is for informational purposes only and does not constitute financial or mortgage advice. Speak with a licensed MLO for guidance specific to your situation. New Century Mortgage, LLC | NMLS# 1967971 | Not all programs available in all states. *Application completion time may vary. Equal Housing Lender.