Florida FHA Mortgage Lender

Providing FHA Mortgage loans in Florida

with High or Low FIco Scores

To endure and be the most successful Florida FHA mortgage lender, we have learned to adapt to a Florida real estate market that changes quickly.  One reason http://fhamortgagefhaloan.com/ still here after 15  years, when so many other Florida FHA mortgage businesses around the state of Florida have closed their doors.
We really do take a long-term approach to Florida FHA mortgage lending.

About five years ago, adjustable rate mortgages with five year fixed periods were the rage with most Florida FHA Mortgage lenders.

However, not with our team.

Why take an ARM when Florida FHA mortgage interest rates were near historic lows?

As an FHA mortgage lender in Florida, over the last ten years we’ve earned a reputation for listening to our clients and for recommending the FHA mortgage solution that is best for their long-term home ownership goals. As a result, we receive a large number of new Florida FHA mortgage loan business by referral from past clients and our Florida real estate agents.

If you are fortunate enough to be looking to buy a home with an FHA mortgage or FHA mortgage Refinance an existing one in the current market, we’ll be glad to offer you sound advice and friendly service. Service and advice you deserve from a Florida FHA mortgage lender that’s been around for a decade and will be around for the long haul. Call 1-800-570-0448 or use our FHA mortgage application for a no-pressure and no-obligation quote on your Florida mortgage or refinance.

We are a Resourceful Florida FHA Mortgage Lender with excellent Conventional and FHA Mortgages for First Time Home buyers

Although many Florida FHA mortgage lenders are tightening credit standards and demanding higher FICO scores and more money down, we still have excellent conventional home loan programs with no money down for 1st time home buyers. In the current Florida real estate market, selling Realtors® are often eager to offer 3.5% and even 6% toward closing costs to coax an offer from our FHA approved Home Buyers in Sarasota and other cities throughout Florida.

Don’t let lack of a downpayment keep you on the sidelines in a prime Florida FHA real estate market that offers some of the best buying opportunities in years. Call 1-800-570-0448 to discuss your first time home buyer mortgage options with a representative from the premier mortgage lender in Florida. You can even use our quick application for a no-hassle consultation. Even if you’re not a first time home buyer, we have excellent fixed rate home loans with terms from 10 to 50 years.

Florida home buyer the FHA mortgage loan program can simplify the purchase of a Florida home, making financing easier and less expensive than a conventional FLorida mortgage loan product. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

To take advantage of the FHA program in Florida, visit http://fhamortgagefhaloan.com/ 

 give us a call 1-800-570-0448

The Mortgage Lender in Florida Excellent FHA mortgage Refinance Options For Florida Homeowners

As a Florida FHA mortgage lender, we know well how quickly the world can change. Sometimes you outgrow your FHA mortgage before you’ve outgrown the home that you financed.

Whether you need to make the move from a dangerous adjustable rate mortgage to a low Florida fixed rate mortgage or just want to do a refi to pull some cash out, chances are good we can help. We will be happy to review your present Florida mortgage financing to ensure you’re getting the right solution and that you do not have any prepayment penalties. For some Florida mortgage applicants, a Second Mortgage or home equity line of credit is a better way to create a financing solution. To discuss your situation with an outstanding Florida mortgage lender who actually is in Florida, call 1-800-570-0448

If you have a Florida Bad Credit mortgage home loan, have been paying on time, and are ready for a low interest rate alternative, don’t wait until your change date and attempt to pay your higher payment. Call us today at 1-800-570-0448 to see if we can move you to a fixed rate  FHA mortgage and give you a stable long-term financing solution. We did it for a bad credit mortgage client in Duval County! Don’t get stranded in a bad credit mortgage with accelerating payments! A Florida refi to a stable low rate loan solution today is far better than needing a hard money Florida Foreclosure bailout tomorrow.

A Florida FHA Mortgage Lender Motivated to Lend FHA Mobile Homes, FHA Modular Homes and FHA Manufactured Homes

Try finding an FHA Mobile Home or modular home loan at your local bank and you’ll quickly learn about one of the lasting prejudices in the world of mortgage lending. Many banks don’t offer mortgages for mobile homes with land, modular homes, or double wide trailers on rural acreage. They’re much more comfortable lending on traditional “Brick” built block homes in subdivisions. It’s a sentiment we’ve heard from all across the state: Duval County, Seminole County, and Dade County!

We’re an FHA  mortgage lender business that welcomes and understands that a manufactured homes can offer superior quality at an affordable price in a high cost Florida housing market. We offer both Florida FHA mortgage loans and conventional financing for purchasing or refinancing mobile homes on lots, modular homes, and double wide Florida trailer homes on land.

For a free no obligation quote on a manufactured home mortgage, call 1-800-570-0448 or use our quick application. You’ll know you have found the right Florida mortgage lender for your manufactured housing loan!

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Is an FHA Home loan Mortgage Right for You?

The days of putting just  little money down to buy a home are not over

After many years of risky home loans backed up by small down payments, most lenders aren’t underwriting mortgages without a large sum money for a  down payment and a high credit score. But a loophole can still put home buyers in a Florida home for little or no money down. FHA Mortgages insured by the Federal Housing Administration (FHA) allow Florida mortgage applicants  to get approved with a low down?payment as small as 3.5% of the purchase price and you  don’t require a high credit score.

Florida home buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

To take advantage of the FHA program in Florida, give us a call 1-954-667-9110 or use our quick application to find out more about the many FL mortgage programs we can make available. Or Apply now for a FL FHA home loan.

www.FHAmortgageFHAloan.com

As millions of Florida homebuyers have come to realize, getting into a Florida home for little money down has its disadvantages. Borrowers who’ve invested little money down on their home are often more willing to walk away from it during tough times rather than struggle with tough payments; this risk is further elevated when Florida home values are declining and troubled Florida mortgage applicants are unable to refinance or sell their Florida  home at a price that covers their losses.

Still, FHA home loans are far less risky than a subprime?or hard money loan that lenders originated before the housing bubble. FHA-insured mortgage loans require documentation and verifiable proof that the borrower is capable of making their mortgage payments. (In the past lenders didn’t require such proof.)

The looser terms of FHA home loans have helped make them more for Florida homebuyers. Today, FHA home loans  make up about 30% of the mortgage Florida mortgage market, up from 5% in 2005, The FHA commissioner David Stevens said in a speech earlier this month. In June, of  FHA insured over 200,000 FHA home loans – the highest monthly total in the agency’s history, according to Stevens. For fiscal year 2009, the dollar amount of FHA home loans  are likely to reach 30% of mortgage originations, up from around 5% in 2005 and 2006, says Stu Feldstein, the president of SMR Research, a mortgage-data tracking firm.

“FHA-insured?home loans  are one of the only games in town, especially if you can’t qualify for a traditional Florida mortgage,” says Thomas Martin, the chairman of the which trains and certifies mortgage lenders and brokers. “Now that the subprime market is gone, the FHA home loan is filling the void.

Here’s how to determine if an FHA-insured mortgage is right for you.

Do you meet the FHA home loan qualifications?

Most Florida mortgage applicants of FHA-insured mortgages have stable predicable income likely to continue with their credit history and debt load than a conventional mortgage loan might allow,

“When analyzing an FHA mortgage applicants  credit, we expect FHA mortgage lenders to examine the overall pattern of credit behavior rather than isolated occurrences of poor performance or relying solely on a credit score, This includes a borrower’s rental or mortgage payment history, debts, collections, previous foreclosures and bankruptcies. Borrowers with a credit score less than 500 must make a 10% down payment to  qualify.

Today, over 80% of FHA-insured purchase-mortgages belong to first-time Florida home buyers, thanks to looser requirements and the comparatively small 3.5% down payment, (Another perk is that borrowers are permitted gift assistance for the down payment from their friends, a family, employer or a government entity, but not the seller.)

Can you afford the costs?

Now, FHA mortgage  interest rates  and non-FHA mortgages aren’t much different. A 30-year fixed-rate FHA-insured mortgage had an average rate of 5.25% for the week ending Aug. 20, compared to an average rate of 5.44% for a 30-year fixed rate non-FHA mortgage,

However, there are unique fees that accompany an FHA mortgage. A mortgage applicant is required to pay 1.75% of the loan amount upfront, or that fee can be financed into the mortgage. FHA-insured mortgages also require a 0.55% annual premium based on the outstanding FHA  loan balance and financed into the mortgage. These fees pay for the FHA insurance that makes the loan possible,

A borrower who has a high credit score – typically a minimum of 720 – and a 20% down payment is often better off with a traditional non-FHA mortgage, which includes fewer fees. However, the math gets tricky when a borrower has a high credit score but a down payment less than 20%; in those cases, the borrower will have to pay for private mortgage insurance (PMI). Depending on your situation, PMI can cost less, the same or more than FHA mortgage fees.

What protections are in place for the FHA mortgage lender?

FHA mortgage Lenders are comfortable providing FHA mortgages because they don’t bear the loss if a mortgage applicant defaults on their payments and goes into foreclosure – the FHA does.

In such a scenario, the FHA pays the lender an insurance claim equal to the sum of the unpaid principal balance of the loan, foregone interest and a portion of the foreclosure expenses, The FHA pays for these losses by dipping into its insurance fund, which holds the insurance fees borrowers pay.

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