simari2jos, Home Buyer in Pembroke Pines, FL

I'm planning on moving to Fl Pembroke Pines/Weston areas

Asked by simari2jos, Pembroke Pines, FL Sat Sep 22, 2012

I'm planning on moving to Fl Pembroke Pines/Weston areas June 2013...I was thinking of during a FHA loan...I've notice all the places that I would like to live are not fha approve....does anyone no any nice community in these area that does allow fha loans?...Thanks!

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11
Meir Aloni’s answer
All single homes and many villas and townhouse communities will be FHA approved; however, you will have a difficult time with condos...

Meir Aloni & Team
CRS (Certified Residential Specialist)
CDPE (Certified Distressed Property Expert)
RECS (Real Estate Cyberspace Society)

Successfully selling Broward County since 1986!

Direct phone# 954-338-5220

All Star Realty Inc.
0 votes Thank Flag Link Wed Oct 3, 2012
BEST ANSWER
Hello Simari2jos,
I live in the Pembroke Pines area and have been for over 15 years. There are plenty of communities that will allow for FHA financing. I can send you some listings and put you on my alerts list so you will recieve emails periodically when a home is newly listed on the MLS. You have Silver Lakes, Riveria Isles, Towngate, Silver Falls, etc to find a wonderful home. You can reach out to me and I would be more than happy to help you in your search.
http://flapropertiesbytmoses.kwrealty.com/
Thank you,
Tamika Moses
Keller Williams Realty Partners SW
954-404-4646
tmrealtor@yahoo.com
0 votes Thank Flag Link Sat Sep 22, 2012
Hello,

you will love it here………I live and work in Pembroke Pines.

You still have some time before you need to start a mortgage loan application, but it is not to early to get all info regarding the requirements for the FHA loan product.

After determining what amount you qualify for, I will then provide you with a pre-approval letter and refer you to a local realtor who will show you condo's (FHA approved) and single Family homes/townhouses as per your "wish list".

Please feel free to contact me at your earliest convenience, if I may be of any service to you.

Best Regards,
Beate Rodriguez
Lic. Loan Originator
NMLS# 299 244

Cell: 954.695.4849
Beate.Rodriguez@HGFLoans.com

1931 NW 150 AVE - Suite 103 C
Pembroke Pines, FL 33028
0 votes Thank Flag Link Tue Sep 25, 2012
Most of the Single family home communities will be fine. The only issue is the condominium market where it is extremely difficult to get any type of financing. When your ready, let us know because we handle all of SW Broward.
0 votes Thank Flag Link Mon Sep 24, 2012
Hi Simari
You must be very excited about your move! Pembroke Pines is a great place to live. Claudio and I have raised our family here and have enjoyed great schools, shopping, restaurants, parks and entertainment. It is also very centrally located!

FHA loans are a great way to purchase a property with putting only 3.5% down. Condos are not able to be purchased with FHA although many townhomes, villas, and single family homes can be.
There are many reasons why, but basically the FHA LOAN wants to assure your purchasing a home in good condition, needing no major repairs, in a stable community.

We will be happy to help you find such a home for you and your family!
Feel free to search on our site and call us for our professional help. Using an experienced realtor can make all the difference in your home search! We help save you time, money and our experience removes the hassle!

http://www.fortlauderdale-homevalues.com
Robyn and Claudio Petasne
Keller Williams Realty SW
954-770-6850
rpetasne@gmail.com
0 votes Thank Flag Link Sun Sep 23, 2012
Dear Simari,

Hi! FHA has been reinvented due to the distressed market. FHA financing works with certain town homes, villas and residential properties. The community you are looking for is dependant on your price range. Please let me know if I can help you as more information is needed.

Susan Penn, PA, SFR, CDPE http://about.me/HomesForSale_SusanJPennPA
EWM Realtors | A HomeServices of America Company | An Affiliate of Berkshire Hathaway
2000 Main Street, Suite 103 | Weston, FL 33326
T: 954.306.7337 | C: 954.557.5993 | F: 954.515.0200 | penn.s@ewm.com | http://www.ewm.com
0 votes Thank Flag Link Sun Sep 23, 2012
An FHA provides mortgage insurance on loans made by FHA approved lenders. Due to recent changes in Federal Law and policy, it is now necessary for an entire condominium or townhouse development to obtain FHA approval from HUD, in order for an FHA loan to be possible. Most of these developments does not meet the FHA guideliness. All of the single family homes are FHA approved, if the property meet the FHA guideliness. If what are you looking for is a townhouse or condominium, you can contact me and I get you in touch with a mortgage broker that can explore all your financing options and I can assist you in your real estate needs.

Best of Luck,

Maria E. Cipollone

http://www.Flahomespecialist.com

Century 21 Tenace
0 votes Thank Flag Link Sun Sep 23, 2012
-

See these NON FHA options below:



97% LTV- No PMI/MI and No 1.75% FHA FEE

95% LTV- No PMI

95% LTV- CONDO

90% LTV- No PMI-2nd Home

90% LTV- JUMBO w/cc

85% LTV- NO PMI to Super Jumbo
80% LTV- Invest. Prop.



STATED INCOME ALT loan programs: http://www.StatedIncomeAlt.com

80% LTV- FIX n’ FLIP Invest. Prop.

80% LTV- NEW- Stated Income Alt

75% LTV- NEW- Foreign Nationals- Stated Income Alt

75% CLTV-NEW- after Short Sale, BK or Foreclosure

70% LTV- Soft and Hard Money -Stated Income Alt



LOT/VACANT LAND LOANS- Comm

COMMERCIAL PROGRAMS (many programs available nationwide)


Steve McRory

Pro Option Mortgage/Florida

http://www.pro-option.com

steve@pro-option.com

Ph: 888 662 4404



Prior Service U.S. Marine Corps
0 votes Thank Flag Link Sun Sep 23, 2012
There are many different types of FHA loans available for borrowers who want more options than a typical suburban home. Many types of properties may be purchased with an FHA insured mortgage, including manufactured homes, multi-family units, and condominiums.

FHA condominium loans can be more complicated than some other types of new purchase real estate loans due to the FHA has requirements places on condo projects. These factors shouldn’t discourage a borrower from exploring their FHA condo loan options, but it’s important to be aware of the rules in order to save time and begin the search for a new home in the right place.

In order for a given condo to be approved for an FHA home loan, it must be on the FHA’s list of approved condominium projects. FHA publishes a searchable list of approved condo projects on its website https://entp.hud.gov/idapp/html/condlook.cfm.

What criteria must a condominium project meet to be included on the “approved” list? FHA guidelines state, “to be eligible for FHA mortgage insurance, the project must have been declared and exists in full compliance with applicable State law requirements of the jurisdiction in which the condominium project is located and with all other applicable laws and regulations.”

A condo project will not be designated “FHA approved” unless it has at least two units, and is covered by hazard, liability and other insurance where applicable.

Any part of the condo which is used commercially must conform to typical FHA rules which require business use of the property to be subordinate to the residential nature of the space. Business space must not be larger than 25 percent of the total floor area. FHA rules also state investor ownership of the property cannot exceed ten percent.

The FHA will not approve a condo project unless at least half the units have been sold prior to the FHA’s endorsement of the first loan in that building.

Some properties are not eligible due to the nature of the project. For example, “condo hotels” are not allowed on FHA approved condo project list. Also forbidden--timeshares, houseboat projects or condos that feature more than one dwelling in a single condominium unit.

If you want an FHA condo loan, FHA encourages the use the approved condo list as a way to start searching for the right building your area. This tool will save a house hunter much time and energy–why look for buildings you aren’t sure have been approved?

The HUD search tool https://entp.hud.gov/idapp/html/condlook.cfm lists approved condo projects by condo name, state, zip code and other factors.

Andre’ Shambley
Residential Home Specialist
Direct: 786-704-8482

When it comes to choosing a professional to assist you with your real estate needs...Experience is Priceless! http://www.OnePlaceOpenHouse.com
0 votes Thank Flag Link Sat Sep 22, 2012
Thanks for your for response!! can you use fha for a foreclosure homes?
Flag Sat Sep 22, 2012
Thanks for your for response!! can you use fha for a foreclosure homes?
Flag Sat Sep 22, 2012
Thanks for your for response!! can you use fha for a foreclosure homes?
Flag Sat Sep 22, 2012
Thanks for your for response!! can you use fha for a foreclosure homes?
Flag Sat Sep 22, 2012
Thanks for your for response!! can you use fha for a foreclosure homes?
Flag Sat Sep 22, 2012
You will find that fha loans will not work in most condomimium communities because those communities require a 20% downpayment at a minimum.

However, almost any single family home can be purchased using an FHA loan.

You may want to speak to a mortgage broker who is familiar with Broward County. If you are not already working with someone, try this mortgage broker's site: Prestonware.com

Your Pembroke Pines real estate agent will be able to help you find a home once he or she has an idea of what you are looking for.

For homes in Pembroke Pines, go to this site: http://properties.jablonteam.com/904421w/index.php?main=city…

For homes in Weston, go to this site: http://properties.jablonteam.com/904421w/index.php?main=city…

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.JablonTeam.com
0 votes Thank Flag Link Sat Sep 22, 2012
Hi,
If you are looking for condos, there are not a lot that are FHA approved. How ever, single homes are also eliglble for FHA.. call me for.more questions.
Maria Jessica DeLuna
Keller Williams
954-882-1517
mariajessica.deluna@gmail.com
0 votes Thank Flag Link Sat Sep 22, 2012
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