FHA MORTGAGE PROGRAMS FOR FLORIDA HOMEBUYERS AND HOMEOWNERS-Â FHA loans have been helpingÂ FloridaÂ homeowners and home buyers since 1934. How does FHA do it?Â The (FHA)Â Federal HousingÂ Administration is part of HUD â€“ HUD/FHA insures FHA approved miami mortgage lenders so they can offer you a better deal. We have detailed some FHA highlights below:
FHA LOANS HAVE MINIMAL DOWN PAYMENT AND CLOSING COST:
â€¢ Down payment onlyÂ 3.5%Â of the Purchase Price.Â
â€¢ Gift's and Grants for down payment and closing costs OK!Â
â€¢ Seller can credit up toÂ 6%Â of sales price towards buyers costs.Â
â€¢ No reserves or required savings for future payments required.
â€¢ FHA regulated closing costs.
FHA HAVE Â EASIER CREDIT QUALIFYING GUIDLINES SUCH AS:
â€¢ 12 months after a chapter 13 Bankruptcy.- 2 years after a chapter 7 Bankruptcy.
â€¢ FHA willÂ allow a home purchase 3 years after a Foreclosure.Â Â
â€¢ Minimum FICO credit score ofÂ 580Â for 3.5% Down payment.
â€¢ Minimum FICO credit score ofÂ 530Â for 10% Down payment.
â€¢Â No Credit Score Florida home loans & No Trade LineÂ Florida FHA home loans.
FHA ALLOW HIGHER DEBT TO INCOME & EASIER JOB QUALIFYING:
â€¢ Higher Debt Ratio's than any other home loan programs.Â
â€¢ Less than two years on the same job is OK!Â
â€¢ Self-Employed individuals OK!.
CLICKÂ START NOWÂ TO GET PRE APPROVED TODAY!
Arcadia Â | Aventura | Boca Raton |
Boynton Beach | Â Bradenton | Brandon | Cape Coral | Clearwater | Clewiston | Cocoa Beach | Cooper City | Â Coconut
Creek | Coral Gables | Crystal River | Daytona Beach | DeLand | Deerfield Beach
| Â Dania Beach Â | Davie Â | Â Delray Beach | Dunedin |
Englewood | Ft Lauderdale | Fort Pierce | Fort Walton Beach Â | Â Ft
Myers | Ft Walton Beach | Gainesville | Hallandale | Hobe Sound | Hollywood |
Inverness | Jacksonville | Key West | Lakeland | Largo | Margate | Melbourne | Miami | Mount Dora | N. Ft. Myers | N. Miami Beach | Naples |
Ocala | Ojus | Oldsmar Â | Orlando | Ormond Beach | Palm Harbor Â | Â Palm Bay | Panama
City | Palm Harbor Â | Pensacola | Pompano
Beach | Port Charlotte | Port St. Lucie | Punta Gorda | Santa Rosa | Sarasota |
Siesta Key | Springhill | St. Augustine | St. Petersburg | Sunny Isles | Tallahassee | Tamarac | Tarpon Springs | Tampa | Titusville | Venice | Vero Beach | Wesley Chapel | West
Park | West Palm Beach | Winter Haven | Winter Park / Clearwater / Miami / Tampa / TAMPA / HOLIDAY / JACKSONVILLE / TAMPA / ORLANDO / MIAMI
or use ourÂ quick applicationÂ to receive a no obligation consultation on your next Florida mortgage.
- HAVE QUESTIONS?Â FHA FREQUENTLY ASKED QUESTIONS PAGEÂ
- VISITÂ OURÂ FHA INFORMATION PAGE.
- CHECK FLORIDA FHA LOAN LIMITS.