Homes For Sale In Jacksonville Fl
FHA Loan to Buy a Florida Home – FHA Mortgage Florida
FHA Loan to Buy a Florida Home
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FHA Mortgage Florida
Backed by the Government and insured by HUD, the FHA home loan program is a safe secure way to buy a Florida home!
FHA Mortgage Program Overview – 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 3.5% 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:
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- No minimum FICO score or credit score requirements.
- FHA will allow a home purchase 2 year after a Bankruptcy.
- FHA will allow a home purchase 3 years after a Foreclosure.
To take advantage of the FHA program in Florida, give us a call 1-800-570-0448 begin_of_the_skype_highlighting 1-800-570-0448 end_of_the_skype_highlighting 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.
The FHA mortgage program for Florida home buyers can make the dream of owning a Florida home a reality for many people who would never have thought they would qualify for the purchase of a Florida home. If you’re in the market to purchase a new or existing home, the FHA home loan is a great program to consider.
This government FHA backed mortgage program is insured by HUD and designed to make Florida home ownership more affordable for everyone. The FHA mortgage program has underwriting guidelines that are designed to make it easier to qualify for than conventional loans. Since the Florida FHA home loan is government backed and insured, is comes with low interest rates and terms that are designed to protect you.
One of the most important features of the Florida FHA loan program is the fact it does not ask that you have perfect credit score to get the best rate and maximum amount financed. In fact, FHA lending guidelines state that a mortgage applicants credit score should not be used as a factor in underwriting an Florida FHA loan. What does this mean? Florida homebuyers with lower credit scores can use the Florida FHA mortgage program to attain 96.5% financing and a great low interest rate! Have great credit? That’s OK, you’ll still get a great low interest rate and you’ll be able to purchase a Florida home with up to 96.5% of the purchase price or appraised value, whichever is less. You will not be able to finance that much with a conventional homeloan.
So what types of Florida homes may be purchased using an Florida FHA mortgage? Almost any – Florida single family homes, Florida mobile & modular home loans, condominiums, town homes and more. To learn more about properties you can finance with our many Florida mortgage programs, apply online today using our quick application.
As a Florida homebuyer your still not convinced about the FHA loan? Take a look the full range of benefits you receive as a Florida loan applicant just for using the FHA loan program:
- Easier qualification with less then perfect credit.
- Low interest rates compared to conventional mortgage programs
- Adjustable and fixed rate loan options
- 2/1 buy down option
- Everyone is eligible
- Lowest down payment for an open ended mortgage program – as low as 3.5% (USDA has income caps and significant property restrictions)
- Up to 6% in seller concessions towards closing costs
- Credit score not a factor – only credit quality
- 30 year and 15 year mortgage financing terms
- Higher debt ratios than conventional loans
- Fully assumable
- Non-occupying co-borrowers permitted
- Streamline refinance at a later date
- Rehab a property with a 203k loan
- Reverse your mortgage during retirement
We are FHA mortgage experts in the government backed HUD insured Florida FHA mortgage program and can help guide you through the process of becoming a homeowner! Contact us today to get started! Call 1-800-570-0448 begin_of_the_skype_highlighting or use our quick application for a no-pressure and no-obligation quote on your Florida mortgage or refinance.
Serving These Fine Florida Communities:
Arcadia :: Boca Raton :: Boynton Beach :: Bradenton :: Brandon :: Cape Coral :: Clearwater :: Clewiston
Crestview :: Daytona Beach :: Deerfield Beach :: Deland :: Delray Beach :: Deltona :: Destin :: Englewood
Fort Pierce :: Ft. Lauderdale :: Ft. Myers :: Ft. Walton Beach :: Gainesville :: Hollywood :: Homosassa Springs
Jacksonville :: Key West :: Kissimmee :: Lake City :: Lakeland :: Lynn Haven :: Marathon :: Marco Island
Melbourne :: Miami :: Miami Beach :: North Fort Myers :: North Miami Beach :: Naples :: Ocala :: Okeechobee
Orlando :: Ormond Beach :: Osprey :: Palatka :: Palm Bay :: Palm Beach :: Palm Coast :: Panama City :: Pensacola
Pompano Beach :: Port St. Lucie :: Punta Gorda :: Santa Rosa :: Sarasota :: Sebastian :: Sebring :: Springhill
St. Augustine :: St. Petersburg :: Tallahassee :: Tampa :: The Villages :: Titusville :: Venice :: Vero Beach
Wauchula :: Wesley Chapel :: West Palm Beach :: Winter Park
About the Author
Home for sale in Mandarin area almost 5 mths, no offers. Info on best Realestate Agency in Jacksonville FL?
Anything will sell if the price is right. Unfortunately in today’s market you may be expecting a lot more than people are willing to pay. For example, if you listed your house for $100, someone would buy it today. Somewhere between where you are currently listing and $100 is the right price for today’s buying market. The trick is finding the right price.
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