Florida Mortgage Lenders Down to 580 Fico!
Not two generations ago, it was difficult for home
buyers to get a Florida mortgage from their local financial institution
without a 20% Down payment. Few people could manage the savings required and
many otherwise qualified Floridians didn’t get approved for the funds to buy a
home in Florida because they did not have the minimum Down payment to qualify
for a Florida Mortgage.
Although recent problems in the subprime market have made
lenders more careful about how they extend credit, it’s still very possible to get
a Florida mortgage with little or no money down. To learn
more about our Florida home buyer programs, just give us a call at
1-954-667-9110.
For sure, it is much easier today to be a Florida home
buyer than it was a generation ago. Even if you don’t have substantial
savings or perfect credit, our mortgage company works with many lenders still
willing to make loans to borrowers with limited cash for Down payment
In fact, today in Florida 7 out of 10 first time home buyers
make a Down payment of 10% or less. A good many Floridians buy their homes with
no money down at all.
Because most people who sell an existing home have some equity
which can be applied to making the Down payment on the new home, no down payment
financing is most attractive to Florida first time home buyers.
However, these loans are an option for all home buyers whether they have equity
from a prior sale or not.
Don’t be persuaded that your lack of a Down payment means you
can’t become a Florida homeowner. Call 1-954-667-9110
With 10 plus years of helping home buyers and first time
home buyers become homeowners, our skilled and experienced mortgage
originators can help you own a Florida home using these excellent no money down
Mortgage programs:
- 106%
Financing For Florida Home buyers – Closing costs in Florida
vary but typically run from 4-6 percent of the value of the transaction.
Using a 106% Florida mortgage is an excellent way to create a
truly no money down home mortgage. Call 1-954-667-9110 to get pre-approved
for this no money down program today!
·
GOVERNMENT
FLORIDA MORTGAGE'S INCLUDE FHA, VA, USDA - Ginnie Mae which is part of HUD
guarantees Florida mortgage backed securities that are either insured and
guaranteed by FHA, VA, and USDA. Private Florida Mortgage lenders originate
these home loans that are then sold to financial institutions that trade government
securities. As a Florida mortgage lender we originate government, conventional,
and private, portfolio Florida home loans to purchase or refinance in every
city and county in Florida.
·
VA
MORTGAGE LOANS- VA mortgage loans are issued by private Florida
mortgage lenders and guaranteed by U.S. Dept. of Veterans Affairs. The VA
mortgage guaranty allows Florida veterans and service persons to obtain VA
mortgage loans with 100% financing. In addition, Florida mortgage applicants
find it is easier to qualify for a VA mortgage than a conventional loan. VA
Florida mortgage lenders generally limit the maximum VA mortgage loan to
$417,000. The U.S. Department of Veterans Affairs does not make these loans.
The VA mortgage guarantees Florida mortgage loans made by private VA approved
mortgage lenders. The VA determines your eligibility and, if you are qualified.
The VA will issue you a certificate of eligibility and a DD214 to be used in
applying for a Florida VA mortgage.
·
FHA MORTGAGE PROGRAMS- FHA or the Federal Housing Administration
is a division within the U.S. Dept. of Housing and Urban Development in charge
of the various Florida FHA mortgage programs. The result of the FHA mortgage
insurance makes Florida mortgage lenders more willing to grant FHA loans
with a lower down payment and are easier credit qualifying requirements than
conventional mortgage loans. Since FHA insures these loans, Florida mortgage
lenders are willing to take on greater risk. With the FHA insurance program
Florida mortgage applicants with low credit scores and even no credit scores
can qualify for our No Credit Score Florida mortgage.
- 105%
Financing For Florida Home buyers – Right now sellers of homes
are a little more flexible in dealing with prospective Florida home buyers
because of the slower Florida housing market. That means 105% financing is
often enough to produce a true no money down real estate transaction for
the Florida real estate buyer, especially if your Realtor® can negotiate
some help from the selling side. To learn more about our 105% mortgage
programs, call 1-954-667-9110 or apply securely online for a no
money down Florida mortgage.
- 103%
Financing for Florida Home buyers – Having an experienced Mortgage
Lenderworking with you and your Realtor® in structuring your
offer to purchase is one way that many Florida home buyers get
to the closing table with 103% financing. Our loan officers are standing
by to answer any questions you might have about our mortgage programs for
home buyers at 1-954-667-9110. Call now for a quote on 103% financing or
any our other Florida lending no money down mortgage
programs! We can get you a loan whether you’re financing a modular home in
Broward County or a single family block home in Orange County. We will
make a fixed rate no money down home loan easy!
- 100%
Financing For Florida Home Buyers – Interest rates are at
historic lows and an oversupply of well built homes with high days on
market! Florida home buyers should not let the lack of funds
for a Down payment make them miss what looks to be one of the best buying
opportunities in Florida residential real estate in many years. A mortgage
representative will be happy to discuss how you can buy your Florida
home with 100% finance lending. Call 1-954-667-9110, or inquire using
our contact form for a no obligation quote on 100% financing from our best
Florida lenders.
- 80/20
Financing For Florida Home buyers – Although private mortgage
insurance is now deductible in many cases, many of our Florida mortgage
clients want to avoid PMI but still get 100% financing. We have structured
many combo loans with an 80% first mortgage and a 20% Second
Mortgage or home equity line of credit to avoid PMI and
still achieve a purchase money mortgage with no Downpayment requirements.
Call 1-954-667-9110 or use our contact form for a quote on an 80/20 no
money down combo mortgage to buy your Florida dream home.
- 97%
Financing For Florida Home buyers – A few years ago a seller’s
agent faced multiple offers and could pit Florida home buyers against each
other in a bidding war before accepting the highest and best offer. Now
home buyers can drive through subdivisions in most Florida metros and find
plenty of for sale signs. Motivated seller’s agents are receptive and
often willing to kick in 3 to 9% toward buyer’s closing costs and
Downpayment without a corresponding increase in the offered price. In this
way, even 97% financing can become the way tobuy a Florida home with
very little money out of pocket. Call a home loan pro now at
1-954-667-9110 for full details on our 97% Florida mortgage loans.
You may be pleasantly surprised how much money the same amount
you are spending on rent every month can buy if you apply it toward a low fixed
rate Florida mortgage. Why not take a step toward building equity for yourself
and your family? Call a mortgage expert today at 1-954-667-9110 or use our
secure online Florida mortgage to
get a no money down mortgage for a first time home buyer in
Hillsborough County or any of the other Florida counties we serve.
Quick and Easy No Money Down Programs for Florida First Time
Home Buyers
Some Florida first time home buyers hesitate because they think
that the no money down loan process is too complicated or time consuming.
Not so.
Our mortgage pros have been making getting loan approvals for
Florida first time home buyers easy, stress-free, and straightforward for over
ten years now. We can help you get the keys to a Florida home that you own.
Call 1-954-667-9110 and ask about our special no money down first time home
buyer mortgage programs.
- Low
fixed rate Florida mortgages with terms of 40,30,20,15, and 10 years;
- First
time home buyer programs for Florida Jumbo and
Super Jumbo Mortgages for the purchase of luxury homes;
- No
money down mortgage first time home buyer programs that allow
for contributions from the seller and use of gift programs to pay closing
costs and prepaids;
- Florida
no money down programs with Interest
Only periods of 1, 3, 5, and ten years;
- Both
conventional and FHA home
loan programs designed specifically for first time home buyers with less
than perfect credit who want a low cost alternative to a sub prime
mortgage;
- Excellent
programs for first time buyers seeking to purchase mobiles, modular or
trailer homes with land.
Don’t miss one of the best times to buy a home in Florida
because you don’t have a Downpayment The call and consultation are free and
without obligation. Call First Continental Mortgage at 1-954-667-9110 to learn
more about buying your first Florida home with no money down.
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