The FHA loan program was created to help increase homeownership. The  FHA program makes buying a home easier and less expensive than other types of Sarasota County loan programs. Here are just some Examples of how FHA can help you buy a Sarasota Florida home,

Minimal Down Payment and Closing Costs.

·  Down payment less than 3% of Sales Price

·  100% Financing options available

·  No reserves or required.

·  FHA regulated closing costs.

·  Seller can credit up to 6% of sales price towards buyers costs.

Easier Credit Qualifying Guidelines such as:

·  No minimum FICO score or credit score requirements.

·  FHA will allow a home purchase 2 years after a Bankruptcy.

·  FHA will allow a home purchase 3 years after a Foreclosure. 

·  Easier Debt Ratio&Job Requirement Guidelines such as:

·  Higher Debt Ratio's than other home loan programs.

·  Less than two years on the job is allowed.

·  Self-Employed individuals o.k.

Apply for a Sarasota Florida FHA loan at www.FHAmortgagePrograms.com

Refinance with FHA in Sarasota County Florida

FHA refinancing offers benefits for current Sarasota County Florida real estate home owners who are seeking to complete a refinance mortgage of their existing real estate mortgage. A FHA home loan refinance may also benefit you even if you do not currently have a FHA loan.

Some advantages of using a FHA mortgage for your mortgage refinance are as follows:

Cash-Out Refinance up to 95% for existing or new FHA mortgages.

·  Cash-Out up to 95% of your properties value.

·  Consolidate first and second mortgages into single loan.

·  Bill consolidation programs.

·  Easier credit and income qualifications.

·  FHA regulated closing costs.

Rate and Term Mortgage Refinancing up to 97% of your homes value.

·  Consolidate first and second mortgages  into a single loan.

·  No FICO score or credit score requirements

·  Competitive rates for borrowers with a Bankruptcy older than 2 years.

·  Competitive rates for borrowers with a Foreclosure older than 3 years.

·  Easier credit and income qualifications.

·  FHA regulated closing costs.

FHA Streamline Refinance for existing FHA loans only.

·  No Cost Interest Rate Reductions programs.

·  No Income or Credit Qualifications.

·  Zero cost refinance options available.

·  Easily switch amortization for adjustable to fixed or vice versa.

·  Easily shorten or lengthen term of your existing loan.

·  Easier credit and income qualifications.

FHA Secure Refinance with current mortgage lates.

·  Refinance your mortgage at competitive rates even if you have a mortgage late on your credit that is directly due to adjusting mortgage.

·  Qualify for refinance even if currently in foreclosure.

·  Complete details of FHA Secure loan.

http:/FHAmortgagePrograms.com

Answers to Mortgage Questions

Whether Refinancing or Buying, We
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