Camagüey → Coral Gables
He knows what it
costs to arrive.
Rob Padron was born in Camagüey, Cuba. He builds his career two hundred miles and one ocean away, financing homes for the families who came the same way.
That is the part of this job he takes personally. A mortgage is the paperwork. What it buys is the address you finally get to call yours.
He works in English and Spanish, and he answers his own phone.
Twenty-three years,
including the bad ones.
South Florida, at the beginning of the biggest housing run the state had ever seen.
The Florida Association of Mortgage Professionals. He would spend the next two decades inside it.
The crash took the industry apart. He left it for about three years. Most of the people who sold you a loan in 2006 never came back. He did.
Treasurer, then Secretary, then Vice President, then President of the Miami chapter. Twice.
He helped re-write the statute that governs loan originators and mortgage brokers in this state. The rules his competitors work under, he had a hand in writing.
His own shop on Almeria Avenue in Coral Gables, powered by New American Funding.
the business
FAMP Miami
bilingual
ID
Every kind of yes.
Most people are told no by a computer. The point of a broker is that somebody actually reads your file.
Conventional
The standard path, priced properly. For buyers with the credit and the documentation to take the straight road.
FHA
Lower down payment, more forgiving credit. Often the right answer for a first home, and frequently misunderstood.
Jumbo
Above the conforming limit. In this market that is not a luxury product, it is most of Coral Gables.
Investment
Second homes, rentals, small multifamily. Financing that treats the property as the business it is.
Non-QM
Self-employed, commission-only, new to the country, complicated on paper. Real income that a standard box will not read.
Reverse
For homeowners 62 and older who would rather use the equity they already built than leave the house they built it in.
“A mortgage is the largest thing most people will ever sign. The least you deserve is somebody who explains it in your own language.”Rob Padron
Tell him what you
want to buy.
If the numbers work he will say so. If they do not, he will tell you that too, and what to fix so they do next year.