First time Florida home buyer FHA Mortgage programs Florida
Millions of people are taking advantage of FHA Mortgage Loans.
Are you in the market to buy a Florida home but just don’t
have (or don’t want to) put 20% down?
Do you maybe have a bad credit
and are just looking around for answers and a way to qualify with less hassles?
·
Lower Credit Borrowers Qualify – because Florida
FHA Mortgage Loans are backed
by the government, this opens a lot of doors for individuals that may not have
the best credit, but still want to take advantage.
- · Better Interest Rates – since the Federal Housing Administration insures these FHA mortgage loans against default creating less risk to lenders, FHA Mortgage Loans will usually have better mortgage rates than most other types of loans in the market.
- · Easier to Qualify For – because these types of loans are backed by the federal government, FHA approved Florida mortgage lenders are usually more likely to approve you.
- · Lower Down Payment – FHA mortgages in Florida only require a 3.5% down-payment which makes it easier for people to have an opportunity to buy a home. In addition to that, the down payment can even come in the form of a gift from a family member or relative.
- Is it your first time buying a Florida home and have tons of questions and just don’t really know where to start?
An FHA Mortgage Loan is a type of mortgage loan that is
insured against default by the Federal Housing Administration (otherwise known
as FHA).
Back in the 1930′s during The Great Depression, the Florida
FHA Mortgage Loan was created by the government to stimulate the housing market
make buying a home affordable again.
Since then, FHA Mortgage Loans have been the cornerstone of
the American Dream by allowing lower down payments, better fixed rates, and
easier qualifying standards.
Florida FHA insured mortgages are actually one of the best
types of mortgage loans available in today’s real estate market because they
allow more people to have an opportunity to buy.
Whether you are looking to simply learn more about how much
you can get approved for a new Florida home or needing to FHA mortgage refinance
out of your high interest rate loan, you have come to the right place – FHA Mortgage Loan Florida.
At FHA
Mortgage Loan Florida, we understand how important it is to make your Florida
home affordable, give you more than enough options when buying or FHA mortgage
refinancing, as well as being your tour guide through the maze of FHA mortgage financing
which is why we are the leading experts in Florida on the FHA Mortgage Loan
program.
Infamous “FHA Myths”
Many people believe that the FHA (Federal Housing
Administration) is a company that lends the money, however FHA is a government
organization that insures the loan while FHA approved lenders like us are the
ones that lend the money.
If a loan defaults, FHA will step in and pay and because of
this, mortgage lenders are more willing to lend.
They simply set all the basic rules when determining what
they are willing to insure, and as such, there is always a lot of confusion when
it comes to FHA guidelines.
While the FHA sets the basic minimum FHA guidelines of what
types of loans they are willing to insure, FHA lenders will sometimes put in
place an added layer of security which is called an “overlay”. This simply
means that even though FHA has their minimum guideline, lenders will add their
own in addition to it.
Why does the FHA do this?
Because of what happened a few years ago during the mortgage
crisis, FHA mortgage lenders
basically want to cover themselves in case of a default, so they take any extra
measures to insure that the borrower is within their risk threshold as well as
keeping their default rates low, because this effects more than you may think.
FHA Home Loan Mortgage Options
When it comes to FHA financing, here a few ways you can put
FHA to work for you.
Buy a Home With Little Down Refinance and Save Money
fha home loan in Florida With a down payment of only 3.5%, FHA
Mortgage Loans offer a great solution for several first time home buyers in Florida.
By selecting an Florida Approved FHA Lender, you can rest assured that your
expectations can be met when purchasing a home, as we understand how stressful
it can be.
Florida FHA Mortgage Loans offer many advantages, and as
such, we make the process of purchasing a new home in the state of Texas simple
and stress-free by offering you a streamlined process from start to finish!
Please feel free to check the FHA Mortgage Loan Limits in Florida
as well as what’s needed to start when applying for your FHA purchase loan.
Getting Started with FHA
When it comes to FHA financing, we are your Florida FHA Home
Loan experts providing FHA Mortgage Loans in Florida and all throughout Texas.
We offer the best 30 and 15 Year FHA interest rates and most
competitive closing costs when it comes to your FHA mortgage home loan in Florida
hands down.
How do we do this?
By Offering You the Best FHA Rates in Florida
Because we have exclusively specialized in FHA Mortgage Loans
since 2004, we have developed some of the best investor relationships in order
to give you the best rates and save you even more money
By Giving You FREE, Expert FHA Advice
Buying a home or refinancing a home can be a confusing maze
at times. Rest assured that your FHA Mortgage Loan is in good hands and we’ll
help guide you in the right direction when you need us most.
By Speeding Up Your Loan Process
With in-house underwriters, streamlined processing, and
proprietary e-sign technology, you’ll have the peace of mind knowing that
systems are in place to get you closed and funded in time.
At FHA Mortgage Loan Florida:
No comments:
Post a Comment