Friday, December 2, 2016

3.5%+MIN 580 FICO FL FHA MORTGAGE LENDERS

About Florida FHA Mortgage loans
An FHA Mortgage Lender can offer you a better loan including:
  • Lower down payments.
  • Lower closing costs.
  • Easier credit qualifying.
  • Streamline Refinancing.

http://www.fhamortgageprograms.com/


An FHA mortgage is a government-backed home loan with the most flexible mortgage lending requirements than those for conventional loans. As a result the interest rates for FHA mortgages may be somewhat lower, and the buyer may need to pay monthly FHA mortgage insurance premiums along with their monthly loan payments. An FHA mortgage loan is available with fixed rates or as an adjustable-rate mortgage.

FHA loans are insured by the Federal Housing Administration (FHA) and may have an easier qualification process due to less stringent down-payment and credit requirements than conventional mortgages. Note: If you're a current military member or veteran, you may be eligible for a VA home loan with little or no down payment.

FHA Mortgage Advantages And Information
·         Lower Down Payments-An FHA mortgage may require a down payment as low as 3.5 percent, although the interest rate may be somewhat higher than with a conventional mortgage.
·         Seller Paid Closing Cost Ok!- Seller is allowed to pay your closing cost  up to 6% of the sales price!
·         Bad Credit Past OK- One of the benefits of the FHA loan program is that home buyers may qualify even without a long credit history or outstanding credit.
·         Streamline Refinancing- Many borrowers with newly adjusting ARMs look to refinance into fixed-rate FHA loans. Learn more about your refinance options.

FHA Mortgage Loan Requirements and Qualifications
FHA Mortgage Loan amount – FHA home loans have maximum mortgage limits that vary by state and county.
FHA Mortgage Loan Down Payment – FHA loan guidelines require a minimum down payment of 3.5 percent.
FHA Mortgage Loan Property condition – FHA loans require that the home being purchased must meet certain conditions and be appraised by an FHA-approved appraiser. New FHA loans are available only for homes that will be used as the buyer's primary residence.


An FHA mortgage may be a good fit if you have less-than-stellar credit or limited cash for a down payment, but other options exist. Compare FHA Mortgage Loan options to learn more on your own, or contact a mortgage loan originator to find out which mortgage option is the best fit for you.

FHA MORTGAGE

FLORIDA FHA MORTGAGE LENDERS

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Location: Florida, USA

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