Maria,

We are able to handle Tampa Bay as well. I just closed one down the coast from you in Cape Coral.

There are plenty of good options here for you. If I can be of service, let me know.

Martin Smith

Precision Funding
877-238-6324 Ext 704
513-536-7184
877-238-6324 FAX
MSmith@PrecisionFundingUSA.com http://www.PrecisionFundingUSA.com

Luke,

So you would be charging me 2% of the amount I am borrowing?

Jeff

No - I am saying that is you had a credit score of 550 then your rate would still be 5.25% but it would cost 2 point in discount fees. The rates are not adjusting much to account for imperfect credit.

So you are saying if I had a credit score of 550 my rate would be 7.25%?

Jeff Gould
CENTURY 21 Beggins

Maria, Go to this site...http://www.fhaoutreach.gov/lender/lender.do
It's the Fha site and you just put in your address and you will get a list of all approved lenders in your area..

Good luck, Dunes

Actually, I have seen better pricing lately on FHA rates at 5.25 then I have at 6.25!!! I know that sounds crazy but ever since these rate changes have been implemented, everything is haywire.

So I think it would be better stated to say that the rate IS 5.25% and then depending on credit, there could be discount points attached to it to account for rate pricing adjustments.

A 600+ score would have no discount attached to it; a 580-599 might have between .5 and 1 discount and between 550 and 579 would be around 2 points. The pricing on FHA loans is so tightly wound together that there is little to no incentive to "upsell" a loan. Three months ago there was a better opportunity to up the rate to account for that, but not today.

Let me know if you have questions. Please feel free to email me directly too.
Luke Allison
Flagstar Bank
828-777-8828
Luke.Allison@flagstar.com

Apply Online: flagstarloans.com/lallison

So Luke what you are saying is that your FHA rate starts at 5.25% and depending on the borrowers credit and other factors that rate could go up, correct?

Jeff Gould
CENTURY 21 Beggins

Maria-
I would be more than happy to assist you. FHA rates are currently at 5.25% and if you can show timely private payment history for the past 12 months you should be okay. I can lend in all 50 states and just closed a loan in Tampa a couple of weeks ago.
Let me know if I can help.
Luke Allison
Flagstar Bank
828-777-8828
Luke.Allison@flagstar.com

Apply Online: flagstarloans.com/lallison

I like to use Manhattan Mortgage Corporation for my clients. They are local to the Tampa area and have been around for a long time.

Call Alvaro Loureiro @ 813-470-4620 or email him at aloureiro@mmcloans.net.

Make sure you shop around a little bit and compare GFE's. I'm pretty sure he'll get you your best rate and terms but you should always do your homework too.

Jeff Gould
CENTURY 21 Beggins

Contact this lender. She is very easy to work with.

Leslie Kay
Atlantic Mortgage
email address: lkaye@tampabay.rr.com
home office phone 727-593-7495
home office fax 727-593-9532