Florida
Mortgage lenders .com provide Florida first time home buyers and current
Florida home owners the ability FHA
mortgage a Florida home with less than 3.5% down payment or Florida FHA
refinance a Florida home up to 96.5% of the home value. Research Florida home
loan programs which help you to buy a Florida home. Also, learn about FHA
minimum credit requirements, or get pre-approved today.
Florida-Mortgage-Lenders.com will show you the advantages of how to qualify for
an Florida FHA mortgage if you have bad credit or even no credit.
SAME DAY PRE APPROVALS!
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Down payment only 3.5% of the purchase price.
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Gifts from family or Grants for down payment
assistance and closing costs OK!
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Seller can credit buyers up to 6% of sales price
towards buyers costs.
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No reserves or future payments in account
required.
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FHA regulated closing costs.
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Purchase a Florida home 12 months after a
chapter 13 Bankruptcy
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Purchase a Florida 24 months after a chapter 7
Bankruptcy.
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FHA will allow a FHA mortgage 3 years after a Foreclosure.
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Minimum FICO credit score of 580 required for
96.5% financing.
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Bad credit Florida FHA mortgage approvals
minimum FICO credit score of 530 required for 90 FHA financing.
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No Credit Score Florida mortgage loans & No
Trade Line Florida FHA home loans.
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FHA allows higher debt ratio's than any other
Florida home loan programs.
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Less than two years on the same job is OK!
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Self-employed buyers can also qualify for FHA.
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Check Florida FHA Mortgage Articles for more
information.
THE FHA ADVANTAGE- FHA loan applicants will find that they
can purchase a home with less than 4% down payment and less than perfect
credit. FHA home loans are NOT just for first time Florida home buyers moving
up Florida home buyers can also take advantage of this loan program for a
primary residence. FHA will also finance Florida mortgage applicants no credit score to purchase a home as a primary residence.
Moreover, current Florida homeowners can FHA refinance up to 97.75% of the
homes value. Florida mortgage applicants will find it hard to find another home
loan program with this many advantages. Below are detailed many of the
highlights you will only find with an FHA loan:
FLORIDA FHA HOME BUYER ADVANTAGES
FHA LOANS HAVE MINIMAL DOWN PAYMENT AND CLOSING COST:
Down payment only 3.5% of the purchase price.
Gift's and Grants for down payment and closing costs OK!
Seller can credit up to 6% of sales price towards buyers
costs.
No reserves or future payments in account required.
FHA regulated closing costs.
FHA MORTGAGES HAVE EASIER CREDIT QUALIFYING GUIDLINES SUCH
AS:
12 months after a chapter 13 Bankruptcy.- 2 years after a
chapter 7 Bankruptcy.
FHA will allow a Florida home purchase 3 years after a
Foreclosure.
Minimum FICO credit score of 580 for 3.5% Down payment.
Minimum FICO credit score of 530 for 10% Down payment.
No Credit Score Florida home loans & No Trade Line
Florida FHA home loans.
FHA LOANS ALLOW HIGHER DEBT TO INCOME & EASIER JOB
QUALIFYING:
FHA allows higher debt ratio's than any other Florida home
loan programs.
Less than two years on the same job is OK!
Self-employed buyers can also qualify for FHA.
FREE CONSULTATION ::
GET PRE APPROVED NOW
BENIFITS OF FHA MORTGAGE REFINANCING
FHA CASH OUT REFINACE UP TO 85% LTV- LOAN TO VALUE
FHA Cash out up to Consolidate first and second Florida home
loans into a single FHA mortgage.
FHA refinance to bill consolidate higher interest debt.
Easier credit and income qualifications.
FHA mortgages have regulated closing costs.
FHA REFINANCE YOUR RATE AND TERM UP TO 96.5%:
FHA refinance to consolidate first and second mortgages into
a single FHA loan.
No credit score required no credit score refinancing options
with proof of timely payments.
Better FHA mortgage rates for loan applicants with a
Bankruptcy older than (2) two years.
Better FHA rates for borrowers with a Foreclosure older than
(3) three years.
Easier credit and income qualifications.
FHA regulated closing costs.
FHA STREAMLINE REFINANCE AN EXISTING FLORIDA FHA MORTGAGE
No out of pocket cost for FHA mortgage refinance interest
rate reductions programs.
No income or FHA credit qualifications.
Zero FHA loan closing out of pocket refinance options
available.
Easily switch lower interest or amortization schedule from
adjustable to fixed or vice verse.
Use FHA refinancing to easily shorten or lengthen term of
your existing Florida mortgage.
Easier credit and income FHA loan qualifications.
FLORIDA FHA REVERSE MORTGAGES TO ELIMINATE PAYMENTS:
Current Florida homeowners age 62 years or older and have
allot of equity in your Florida home you maybe able to refinance your existing
Florida mortgages and rid yourself of monthly mortgage payments.
MORE GREAT REASONS TO TAKE ADVANTAGE OF THE FHA MORTGAGE
BAD CREDIT FHA
MORTGAGE APPLICANTS-The FHA loan program exists to expand the pool of Florida
home buyers. Even low credit score FHA loan applicants with prior troubles get
approved for an FHA home loan every day. FHA loan applications with chapter 13
bankruptcies that can prove a 12 month timely payment history get pre approved.
FHA loan applicants that suffered from a chapter 7 must wait 24 months after
discharge to qualify. Even homeowners with past foreclosures more than 36
months old or 3 years old can qualify but a Florida in every Florida city and
county. The FHA mortgage will always relies
more on recent payment history
rather than credit score.
FHA MORTGAGE ALLOW FOR EASIER QUAIFYING–Florida home buyers
will find the FHA loan is the last stop to qualify for a decent Florida home
loan. Meaning if you don’t qualify for FHA you probably wont qualify for any
other Florida mortgage program. The FHA loan insures private Florida lenders
against loss for loans made to properly qualified Florida home buyers and
owners. So regardless to say you're likely to find FHA mortgage loans with
terms and conditions easier for you to qualify.
FHA MORTGAGE HAS LOWER LOAN COST- FHA loan rates are
extraordinarily competitive. FHA's lower risk to the Florida mortgage lender
means a better rate for the FHA loan applicant.
FORECLOSURE AVOIDANCE FOR FLORIDA HOMEOWNERS- Safeguards For
Florida homeowners that Fall behind - The FHA loan also allow the lender more
options in helping FHA mortgage borrowers who fall behind keep their homes are
get current on the payment. FHA loan provide special protections that no other
loans provide including: special forbearance, workouts, even free FHA mortgage
counseling. In addition, HUD can allow the lender to take past due payments and
move them to the end of the loan and in some instance will actually pay your
past due payments current for you. These FHA loan protections allow Florida borrowers to save
their home. You'll never find these foreclosure avoidance programs from a
conventional home loan! In an uncertain world, this is another excellent reason
for you to take advantage of the FHA home loan.
FHA MORTGAGE LOANS FOR MANUFACTURED FLORIDA HOMES-Under
certain conditions, you can even FHA finance a Florida manufactured home and
land package built before after 1977. These land home packages include mobile
or modular home loan financing or using a Florida FHA mortgage loan.
FHA MORTGAGES ARE
FULLY ASSUMABLE FOR FLORIDA HOMEBUYERS-When you are ready to sell your Florida
Home, you can offer other Florida home buyers FHA financing! All FHA loans can
be assumed by qualified home buyers.
SUMMING UP THE FHA MORTGAGE PICTURE-The FHA mortgage has
expanded since created in 1934 to include a variety of different Florida home
loan applicants in numerous situations. As a result FHA Florida mortgage
lenders can now offer Florida fist time home buyers and moving up buyers the
security of a government insured FHA Mortgage.
