MJS Financial is a family-owned mortgage lender in Florida that has been issuing home loans for more than 15 years. Its small brokerage allows for it to personalize the loan experience and lower overhead costs, unlike its national competitors.
See what customers have said about their experience by reading the MJS Financial reviews below.
MJS Financial is a Freddie Mac and Fannie Mae approved lender. This means that the government has given MJS Financial approval to issue subsidized loan products to its customers, such as an FHA loan.
An FHA loan makes it possible for those that need extra financial assistance to begin their home owning journey. With an FHA loan, you can put down as little at 3.5 percent of the down payment, plus you only need a credit score of 580. You could even have a credit score as low as 500 if you are able to provide a down payment of 10 percent.
Not all lenders are FHA approved lenders, making MJS Financial a great option if you can’t put down a large down payment or if you have a lower credit score.
Due to the nature of MJS Financial being a small, family-owned business, you can expect personalized customer service. Its reps will be able to give you more personalized attention in comparison to nationwide lenders that have thousands of loans to manage.
The company is committed to being honest, transparent, and trustworthy through the relationships that it builds with the customers. You can expect direct and easy communication with its agents. If it is important to you to have extra assistance during the home loan process, then MJS Financial is a great option.
Something unique that not many lenders offer is a home value appraiser tool. On the MJS Financial website, you will be able to easily look up the estimated value of your home or homes in a specific neighborhood. This will allow you to understand what your home may sell for, giving you a better idea of what you may be able to afford when purchasing a new home.
Limited Loan Products
Most lenders will have at least five different loan options available, with many lenders offering more options than that. Unfortunately, MJS Financial only has two main loan products available — conventional loans and FHA loans.
While this does cater to a majority of individuals, those seeking specialty loans will not likely be able to have their needs met with the options that MJS Financial offers.