Derek Latta Real Estate

05/02/2026

Found an amazing Down Payment Assistance (DPA) program. Lender will provide a fully forgivable grant equal to 3.5% of the purchase price (perfect for an FHA loan, which requires a 3.5% down payment).
-Can be used in Florida and Tennessee.
-No repayment, no second lien, and no resale restrictions. Buyer must reside in the property for at least 6 months.
-May be paired with up to 6% seller concessions for closing costs.

Borrower Eligibility:
Borrower(s) only need to meet ONE of the following:
1. First-Time Homebuyer: no ownership in the last 3 years (with exceptions for certain single parents/homemakers).
2. Employment or Service-Based Eligibility: current/retired/volunteer military, first responders, educators, medical personnel, and civil servants.
3. Income Eligibility: Household income less than or equal to 140% of the state or county median income.
4. Underserved Census Tract: property located in a qualified underserved census tract.

Homebuyer Counseling Requirements: Only one borrower must complete HUD-approved Homebuyer counseling. Lender will credit up to $100 of the counseling fee at closing.

Program Parameters:
-Min. FICO: 640
-Loan Term: 30-year fixed
-Loan Type: FHA 203(b)
-Eligible Properties: 1-2 unit primary residences
-manufactured homes (single-wide & multi-wide)
-Non-occupant co-borrowers allowed
-Borrowers may contribute more than 3.5% if desired

Ideal Cases:
-Buyers short on funds but strong income & credit
-First-time homebuyers needing extra support
-Teachers, nurses, first responders, military, or municipal workers
-FHA buyers needing help maximizing seller concessions

Other conditions apply. Contact me for more details. DM me or write 'Grant' in the comments and I will send you more information.

03/09/2025

💵 Ready to put your home equity to work?
Mortgage rates have begun to drop — and that means more opportunity for YOU.

With a Cash Out Refinance, you can:
✅ Pay off high-interest debt
✅ Renovate your home
✅ Invest in new opportunities

The market is shifting, and now is the time to take advantage before rates move again.

📲 Call or text me at (305) 494-8546 or visit www.loanfactory.com/dereklatta

22/03/2024

Ever feel like trying to understand real estate is like solving a giant mystery? 🕵️‍♂️ With all this talk about the , we're entering a new world. My goal? To make all this tricky stuff simple and easy for you. I want you to feel super confident when making bold moves in real estate.

So let’s talk about it. Drop your thoughts in the comments or give me a call!

03/01/2024

If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market.

17/12/2023

This a great infographic clarifying the misconception of down payments. It's not a great read for just owner-occupant buyers, even residential property investors can get 15% downpayment loans. Contact me for more info on those.

If you want to buy a home, you may not need as much for your down payment as you think.

06/09/2023

Need to sell your home FAST? I have a group of CASH buyers who can close with no contingencies to worry about that can cause the sale to fall through.

01/09/2023

Note: Derek Latta represents the buyer, not the builder

25/08/2023

New Construction is HOT right now since there is such a short supply of pre-owned homes. Builders are offering low interest rate promotions to help you get into a new home soon!

I can help you find new communities with great buyer incentives. Call, email or DM me for info. and a list of properties.

Helping self-employed homebuyers, real estate investors, & new-construction buyers with expert guidance in both real estate & mortgage lending. Your one-stop shop for buying, selling, and financing property in South Florida with flexible loan options too!