Florida Mortgage Rates
Bill Meyers,  Loan Consultant
Phone: 239-566-8484
Toll Free 877-994-9589
Naples Florida
Mortgage Rates     
          Other Loan Programs   Closing Costs    Calculator    Application Forms     Home
 

Qualified Personal Residence Trust (QPRT)

Finance your home with title in the name of your qualified personal residence trust

Title may be held in a  qualified personal residence trust for residential one to four family homes and condominiums financed with a portfolio loan up to 80% loan to value ratio.  Use of property may be owner occupied, second home or investment.  The maximum loan amount for this type of vesting is $3,000,000.

A Qualified Personal Residence Trust is an irrevocable trust that must meet requirements under the Internal Revenue Code

The creator of the trust may also be called the grantor, trustor or settlor.  The trust creator transfers their interest in a personal home to the trust and the trust grants the creator (or grantor or trustor or settlor) the right to occupy the home for a certain number of years.

All trust documents must be reviewed and approved by lender.  The trustees must be authorized to borrower money by mortgaging the property.  The property has to be either a primary or second home residence.  There must be an expiration date of the trust.  All trustees must be identified and they must be individual people.  The beneficiaries must be identified they cannot be minors. 

The lender's rights cannot be restricted and there cannot be excessive servicing requirements.

Above is a brief summary of lender requirements, additional requirements, limitations and restrictions may apply.

E-mail your questions to

 

Home Page

This website is not a solicitation for mortgage brokers
Rates vary with geographic location
APR is abbreviation for annual percentage rate
Rates change frequently and these rates may not reflect the latest market conditions
Expressed interest rate may change or be unavailable at commitment or closing
Most rates based on primary residence, purchase transaction
Cash out refinance rates may be slightly higher
Some loans may have pre-payment penalties
Rates on some programs may require higher down payments
This is only a brief summary of rates and programs and possible fees, call for additional information on underwriting requirements
and program limitations.  Guidlines posted here are general in nature and subject to change without notice. 
Rates must be locked by phone or in person.
Mortgage calculators are believed to be accurate but results are not guaranteed
All information published on this web site is believed to be accurate but cannot be guaranteed, errors may occur
This site has been built and is maintained by Bill Meyers

Bill Meyers is employed as a  mortgage loan consultant for one of the nation's largest residential lenders.  Bill works as an employee and not a mortgage broker.  This is Bill's personal web site and not the official web site of  any bank or mortgage company.  Please consider all information posted on this site to be general in nature and representative of mortgage rates and policies that may be available from various sources.  Bill is located in Naples Florida.  Bill can be reached on his cell phone at  239-566-8484  or toll free at 877-994-9589.  Please call for additional information.
 

   Closing Costs (Refinance)    Closing Costs (Purchase)   Contact Bill Meyers

 Documents Needed For Loan Approval   Mortgage Rates   Home Page    Low closing cost loan   Lot loan information 

 Mortgage Calculator   No income verification programs    Notes regarding APR    Pre-approval loans 

 

              Equal Housing Lender