MORTGAGE RATES FLORIDA

FHA Mortgage Florida

Easy to Qualify. Easy to Afford.

The Federal Housing Authority (FHA) exists to help people like you realize your dream of owning your own Florida home. By insuring Florida mortgages, FHA allows Florida lenders to work with borrowers regardless of past credit problems, collections, past bankruptcy filings, or higher debt-to-income ratios.

FHA was created in 1934 during the great depression to stimulate the economy and get people into homes. Today FHA can help you achieve homeownership by insuring private Florida FHA approved mortgage lenders against loss.

Our goal at  www. FHAmortgagePrograms.com is to help you Florida homebuyers and homeowners secure a Florida  FHA mortgage.

If you can qualify for homeownership, our Florida FHA Mortgage Specialists will make it happen regardless of your past credit issues. Working with you, our specialists will:

1. Examine your credit- whether we get you approved today, tomorrow or next month we work with Florida mortgage applicants until their credit adequate to qualify for FHA financing.

2.      Evaluate your debt to income ratios- Florida FHA mortgage lenders require borrowers spend no more than 35% of the gross monthly income towards the housing expense. And no more than 50% of your gross monthly income will include the housing plus all other monthly obligations on your credit report.

3.      Provide you will a pre approval- Not only will we pre approve you for a Florida mortgage but we will be available to answer any questions you have during the home buying process.

For first time home buyers and other borrowers, the FHA home loans can have key advantages:

Easy Qualification - The FHA loan insures lenders against loss for loans made to properly qualified FHA home loan borrowers. So you're likely to find FHA mortgage loans with terms that make it easier for you to qualify.

Minimal Down payment Requirements - FHA mortgages can work with as little as 3.5% down and those funds can come from a family member, charity, or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that your 1st Continental Mortgage loan officer can point you to many Down payment assistance programs that work well with Florida FHA home loans.

Less than A-1 Credit is Okay - The Florida FHA home loan program exists to expand the pool of home buyers. Even borrowers with prior bankruptcies or mortgage lates get approved every day for FHA mortgages to buy or refinance homes in Hillsborough County or any of the other Florida counties we serve. The FHA loan program uses credit quality, not credit score!

Lower Cost Over the Life of the Loan - The Florida FHA home loan rates are extraordinarily competitive. FHA's lower risk to the lender means a better rate for the borrower.

Safeguards for Borrowers Who Get Behind - The Florida FHA loan mortgages also allow the lender more options in helping borrowers who fall behind keep their homes are get current again: special forbearance, workouts, even free mortgage counseling. Further, HUD can allow the lender to take past due payments and move them to the end of the loan and in some instance will actually pay your past due payments for you. Options to save your home you'll never get from a conventional loan! In an uncertain world, this is another excellent reason for you to get an FHA mortgage.

Options for Manufactured Housing - Under certain conditions, you can even finance a Mobile Home or manufactured home using a Florida FHA mortgage loan. Call 1-800-570-0448 to get pre-approved for a Florida FHA loan for manufactured housing.

FHA Loans Are Fully Assumable - When you are ready to sell your home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified buyers.

These are just seven of the many good reasons to apply for an FHA mortgage. Call 1-800-570-0448 to speak with a friendly Florida FHA loan specialist now!

More Answers to your Florida Mortgage Questions