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Florida FHA Loans What is an FHA loan? FHA is the Federal Housing Administration and the FHA does not lend money. FHA loans are not loans at all. FHA is the same as mortgage insurance and was created to insure Florida mortgage lenders against loss so they can offer Florida mortgage applicants better financing options. An FHA mortgage loan might be for you if: You Have fair or poor credit You Have a low down payment (but at least 3.5%) Have  had a past bankruptcy Have had a past Foreclosure Essentially, the federal government insures FHA mortgage loans for Florida FHA-approved lenders so that lenders reduce their risk of loss if they lend to borrowers with bad credit histories. The FHA program has been in place since the great depression... Read more »

With changes and amendments in HUD’s new reverse mortgage policy that took effect in January 2009; you can now purchase a home with no payments for life!! This is a valuable opportunity for Senior American citizens who wanted to buy a new residence or those who wanted to downsize and move closer to family and friends, or those who wanted money for leisure or medical expenses.  Read More →

FHA home loans are alternatives to conventional financing for your Florida home purchase. The FHA (Federal Housing Administration) helps to make low cost Florida home loans available to thousands of new Florida  and current Florida homeowners each year. FHA mortgage loans require minimal down payments of only 3% and the interest rate is typically better than prevailing conventional mortgage rates. For the Florida home buyer the FHA program can simplify the purchase of buying a home, making financing easier and less expensive than a conventional mortgage. Some additional highlights of the Florida FHA mortgage program include: Minimal Down Payment and Closing costs. Down payment less than 3% of Sales Price Gifts are allowed Seller can credit... Read more »

Florida FHA Loan Qualifying In General it’s easier to qualify for Florida FHA home loan compared to conventional loans and have lower down payment requirements. Unlike a conventional mortgage that is credit score driven; FHA loans do not have a minimum credit score requirement. This helps first time home buyers and other Florida buyers with bad credit qualify. The FHA loan limits in Florida vary deposing on the county and how much FHA will allow you to borrower depends upon your income. FHA loans typically will all a Florida mortgage applicant to spend up to 1/3 of his or her Gross monthly income towards the housing expense. So if you bring in $3000 per month before taxes. FHA loans allow you to spend up to $1000 or 1/3 of your gross... Read more »

  FHA mortgage Lender Florida ,   Need a Florida mortgage? Consider a FHA mortgage loan Government-insured Federal Housing Administration loans now make up about 25% of the Florida mortgage market. Here are 5 things you need to know about buying a Florida home with FHA.    1. Chances are good that you’ll come across one. During the heyday of no-money-down lending, you were unlikely to have a Florida buyer using a government-insured Federal Housing Administration (FHA) loan, which lets borrowers purchase a home with a down payment of as little as 3.5%. Now FHAs are the only game in town for anyone who can’t put down the minimum 10% many Florida banks require to get a conventional loan. About a third of Florida home  buyers... Read more »