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Nick Muccigrosso

Mortgage Loan Originator, Team Lead

Orlando- Florida

NMLS- 1479039

States Licensed: Florida

I am an Orlando native with ten years of industry experience and extensive knowledge of the Central Florida market. I graduated from UCF with my B.A. in Business Management and earned my MBA from the Rollins College Crummer School of Business. As Team Lead for the Muccigrosso Mortgage Team, we are here to Communicate, Educate and Deliver throughout your home buying experience. We will communicate throughout the whole process, giving weekly status updates. We will educate by informing all parties of different options for purchasing or refinancing, while looking out for the best interest of the borrower. We will deliver by getting even more challenging transactions closed with in-house processing and underwriting. Ultimately we are here to guide you through your transaction and help you and your family build wealth through homeownership!

EPM Mortgage Products

Equity Prime Mortgage offers a wide variety of products to help you purchase or refinance your home. Licensed in 49 states, we are dedicated to bringing you access to the most diverse array of home lending products available in the industry. 

Conventional Loans

Conventional loans are loans that are not insured by the federal government. The borrower must have good credit, sustained employment, and income history, and be able to put down at least 3% of the total loan.

If putting down less than 20%, most lenders require PMI or Private Mortgage Insurance to be able to recover in a situation of default. Some lenders do have conventional loans a low down payment and no private mortgage insurance.

FHA Loans

FHA Loans or Government-Insured Federal Housing Administration Loans are often times used for low-to-median-income buyers when buying their first property when they cannot qualify for a conventional loan.

You can put down as little as 3.5% and these loans usually have more lenient credit-score requirements. All FHA borrowers pay an upfront and annual mortgage insurance premium (MIP) which is an insurance policy for the lender backed by the federal government.

VA Loans

VA Loans are loans insured by the U.S. Department of Veterans Affairs (VA) and are a guaranteed home buyer loan for military service members, veterans, and their spouses. Borrowers can finance up to 100% of the loan amount without a required down payment.

These loans usually have lower interest rates, lower closing costs, and no PMI or MIP is necessary. VA loans may require a funding fee however, some do not and the fee varies based on service category and loan amount.

Jumbo Loans

Loans over $548,250, which is the conforming loan limit for a one-unit property, are considered jumbo loans. Some lenders classify jumbo loans as riskier and so, will require documentation of larger cash reserves, a strong credit score, and a down payment between 10-20%.

Bank Statement Loans

This loan program is ideal for buyers that earn seasonal income, are independent contractors, or are self-employed. Working with your information on bank statements and other documentation, we are able to lend based on your income.

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