Obsidian Mortgage Lending

Business Details

Your Trusted Mortgage Lending Partner in Florida

At Obsidian Mortgage Lending, we specialize in providing tailored mortgage solutions to meet the unique needs of homebuyers and refinancers. Our in-house team of processors and underwriters leverages over 35 years of combined experience to streamline the loan approval process, often closing loans in as little as 10-15 days. We offer a wide range of loan programs, including conventional, FHA, VA, USDA, and specialized options like down payment assistance and 203K rehabilitation loans, catering to borrowers with credit scores as low as 500. Our commitment to personalized service ensures that each client receives individualized attention, whether they are first-time homebuyers, veterans, or individuals facing credit challenges.

We pride ourselves on transparency, efficiency, and our ability to fund loans directly, eliminating the need for brokers or middlemen. Our team is dedicated to guiding clients through every step of the mortgage process, from preapproval to closing, with a focus on speed, clarity, and customer satisfaction. Headquartered in Melbourne, Florida, we serve borrowers across 32 states, combining local expertise with national reach. Our mission is to make homeownership accessible and stress-free by delivering innovative solutions and exceptional service.

Services

Conventional Loans FHA Loans VA Loans DPA Programs Refinance Loans Cash Out Refinance USDA Loans 203K Loans Down Payment Assistance First Time Homebuyers Programs

Highlights and features

We offer in-house underwriting and processing for faster loan approvals.
Our team has over 35 years of combined experience in mortgage lending.
We provide specialized loan programs for borrowers with credit scores as low as 500.
We close loans in as little as 10-15 days without brokers or middlemen.
We serve 32 states with personalized guidance from preapproval to closing.

Associations and certifications

NMLS (National Mortgage Licensing System)

Website

Update Listing

Services

Conventional Loans

Conventional loans offer fixed or adjustable rates with terms of 15-30 years. These full-documentation loans typically require a 640+ credit score and 5% down payment. They provide flexible terms for borrowers meeting standard income and credit criteria.

FHA Loans

FHA loans allow credit scores as low as 580 with 3.5% down or 500 with 10% down. These government-backed options include mortgage insurance for life but are ideal for borrowers with limited credit history or challenges.

VA Loans

VA loans provide guarantees for military members and veterans, requiring a minimum 580 credit score (or 500 in some cases). These loans offer competitive rates and no down payment requirements for eligible service members.

DPA Programs

DPA programs help first-time buyers with grants or rolled-into-loan funds for down payments. These specialized options reduce upfront costs and increase accessibility for qualifying borrowers.

Refinance Loans

Refinance loans lower existing mortgage rates or access home equity through cash-out options. These programs support home improvements, debt consolidation, or financial flexibility for homeowners.

Questions

How long does it take to close a loan with Obsidian?

Obsidian typically closes loans in 10-15 days, depending on document submission and appraisal timelines.

What loan programs are available for first-time homebuyers?

We offer FHA loans with 3.5% down, DPA programs, and zero-down options for eligible first-time buyers.

Can I qualify with a low credit score?

Yes. We work with borrowers with scores as low as 500 through specialized programs like FHA and VA loans.

What is the difference between prequalification and preapproval?

Prequalification is an initial estimate, while preapproval involves full documentation review and confirms loan eligibility.

Do I need mortgage insurance?

Mortgage insurance is required for FHA loans but may be waived for conventional loans with 20% down.

How do I start the loan process?