Thursday, July 8th, 2010
Refinance Florida Mortgage with FHA
Florida homeowners should be award of the many advantages of using a FHA mortgage to refinance your Florida home. The benefits of FHA loans to refinance your Florida home by far outweigh any other Florida mortgage program. For example under FHA guidliness there is NO minimum credit score requirments. Its private Florida FHA mortgage companies that set the minimum credit score requirments. IF you have a track record of making your Florida mortgage payments on time then you should eazily qualify for a Florida FHA mortgage refinance. Other advantages to using FHA to refinance your Florida mortgage include:
Cash-Out Refinance up to 95% for existing or new FHA mortgages.
Cash-Out up to 95% of your... Read more »
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Monday, July 5th, 2010
FHA Mortgage Loan for Florida Homeowners
Take the proper Steps to Get Your FHA Mortgage today
Other FHA loan Advantages Include:
Minimal Down Payment and Closing Costs.
Down payment less than 3.5% of Sales Price
Gift for down payment and closing costs allowed.
No reserves or required.
FHA regulated closing costs.
Seller can credit up to 6% of sales price towards buyers costs.
Easier Credit Qualifying Guidelines such as:
Minimum FICO credit score of 540.
FHA will allow a home purchase 2 years after a Bankruptcy.
FHA will allow a home purchase 3 years after a Foreclosure.
Easier Debt Ratio & Job Requirement Guidelines such as:
Higher Debt Ratio’s than other home loan programs.
Less than two years on the job is allowed.... Read more »
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Thursday, June 24th, 2010
Learn About Your Florida FHA Mortgage refinance Options
Florida Homeowners enjoy the benefits of investing in their Florida homes. For some Florida homeowners , there comes a time when that investment can come in handy. Refinancing with an FHA loan can prove to be an effective way to put the equity built up in your Florida home back in your pocket.
Sending the kids college, repairing the car, consolidating bills, or taking a vacation, or making home improvements are some of the reasons that Florida homeowners tap into the equity they have accumulated in their Florida home to help with these expenses. Keep in mind that refinancing your home with FHA is only available to homeowners who are currently using their home as their principal residence.
FHA... Read more »
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Wednesday, June 9th, 2010
ow can FHA Help me buy a Florida home?
FHA insured mortgages offer many benefits and protections that only come with an FHA mortgage:
Easier to Qualify: Because FHA insures your Florida mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify.
Less than Perfect Credit: You don’t have to have a perfect credit score to get an FHA mortgage. In fact, even if you have had credit problems, such as a Florida bankruptcy or a past Florida foreclosure, it’s easier for you to qualify for an FHA loan than a conventional loan.
Low Down Payment: FHA loans have a low 3.5% down payment requirement lower than any other mortgage program and that money can come from a family member, employer or charitable... Read more »
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Sunday, May 23rd, 2010
FHA Loans Help you purchase a Florida home
FHA loans have been helping Florida homebuyers become homeowners since 1934.
Why apply for an FHA mortgage? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.
Low down payments only 3.5%
Seller can pay up to 6% of your closing cost.
No Min Credit score requirements.
What does FHA have for you?
Buying your first home?An FHA mortgage loan might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be financed into the purchase. Purchase a Florida home up to 4 units.
Want a fixer-upper? With the FHA 203K you can purchase a Florida home and include... Read more »
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