There are lots of things to consider when switching your mortgage from one company to another. Usually people switch their mortgages in order to get a better interest rate, so money is typically of utmost importance in these situations. For this reason, ensure that you are reading all of the fine print regarding the fees associated with the mortgages. Check to see if an appraisal of your home is required before the new company will consider offering you a mortgage. If this is necessary, ensure that you find out whether you or the bank will be responsible for the cost of this appraisal. If the bank says that they will cover the cost of the appraisal ensure that you ask if this will still be the case if you decide not to switch your mortgage to them.

Closing costs are another fee to make sure that you look for and ask about when switching your mortgage. Make sure that you ask if there will be closing costs associated with switching your mortgage, and if so, make sure that you find out how much the closing costs will be. Do not settle for estimates in these cases because the bank can always change the figure of an estimate and you can end up paying much more than you had ever anticipated. Ensure that all fees that are associated with switching your mortgage to the new company are in writing and on company letterhead to avoid a, “He said, she said,” debate when it comes time to switch the mortgage.

Before completing the process of switching your mortgage ensure that you have carefully read the loan paperwork and fully understand the interest rates. If you do not fully understand the interest rates and payment schedule ask for a copy of the paperwork to review at your leisure at home and seek advice and guidance. Never ever sign something that you do not fully understand. Switching your mortgage to another company can save you a lot of your hard-earned money, but make sure that you look well in advance of leaping!

Remortgaging will allow you to search for a lower rate in today’s competitive market. I Debt consolidation via remortgaging is a great option as remortgaging loans are usually lower than debt loans. Equity remortgaging can allow you to take, in certain circumstances, up to 100% of your home value.

That money can be used for home improvements or even to have extra funds for any need that you have. Make sure that your new lender explains to you the benefits of the remortgage deal that you choose. Remortgaging will allow you to save on your interest rate so that your monthly payments are lower. You should also ask how long your new rate would be in effect, and what your new monthly payments will be. It is a fairly quick process, and you can be usually be remortgaged within a week or less in some instances.

Mortgage Comparison Site The Mortgage Finders helps people get mortgage quotes and mortgage advice that is right for them. If you are considering a re-mortgage or changing your mortgage provider completely then The Mortgage Finders can help you find the best mortgage quote.

Simply visit http://www.the-mortgage-finders.co.uk complete the simple 3 step form and a fully qualified FSA approved Mortgage broker will contact you with the options available to you.

The Mortgage Finders is a UK based Mortgage Comparison and Mortgage Broker website – visit http://www.the-mortgage-finders.co.uk for more information

Andrew Black is the resident writer for Mortgage Comparison site The Mortgage Finders – visit teh site to compare over 6,000 UK Mortgage Loans – http://www.the-mortgage-finders.co.uk
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Why Do Florida homebuyers ask for FHA Loan over other mortgage loans?

There are lots of reasons Florida homebuyers ask for an FHA loan instead of taking a conventional or an expensive and risky sub-prime mortgage loan. Many Florida homebuyers prefer to take advantage of the many benefits and protections that only come with FHA:

Less than Perfect Credit - Even if you have had credit problems, such as bankruptcy, its easier for Florida homebuyers to qualify for an FHA loan than a conventional loan.

Easier to Qualify – Because FHA insures your Florida mortgage, FHA mortgage lenders are more willing to give loans with lower qualifying requirements so its easier for you to qualify for a Florida home.

Low Down payment - We have a low 3% down payment, and that money can come from a family member, employer or charitable organization. Other mortgage loans do not allow this.

Costs Less – Many times, FHA loans have competitive interest rates because the FHA loans are insured by the Federal Government. Always compare an FHA loan with other loan types.

Help You Keep Your Home – The FHA has been around since 1934 and will continue to be here to protect you when the others walk away. Should you encounter hard-times after buying your home, FHA has many options to help keep you in your home and avoid foreclosure.

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% 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:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

To take advantage of the FHA program in Florida, give us a call 1-800-570-0448 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.

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 Downpayment Requirements – FHA mortgages can work with as little as 3% 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 Downpayment 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 or just use our quick application to learn more!

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!

The FHA program has evolved since it started in 1934 and now has options for HUD insured loans that fit a variety of different borrowers and situations.

FHA Home Loans for Purchasing a Florida Home

Although Florida FHA home loans require additional paperwork, the reality is that applying for an FHA mortgage loan in Florida is not much different from applying for conventional financing. In fact, for many borrowers the small amount of extra time turns out to be an exceptional mortgage bargain because they save thousands of dollars over the life of their Florida Mortgage.

At 1st Continental Mortgage, we have been working with the FHA program for many years. We’re experts at assembling the proper paperwork and presenting your loan application to FHA approved lenders diligently and professionally. It’s one of the ways that we have earned our reputation for closing FHA home loans in Florida on-time.

You may be surprised at how flexible sellers are in the current market and how many programs there are that provide Downpayment assistance to applicants for FHA financing to purchase Florida homes, condos, and townhouses. The fact is, seller can pay up to 6% towards your closing costs. This means, no closing costs for you when negotiated during the purchase contract!

The FHA program offers excellent fixed rate options and never a prepayment penalty. If other mortgage lenders are quoting you subprime rates, you owe it to yourself to make the call to 1st Continental Mortgage to compare the costs of getting an FHA home loan for your home purchase. Call 1-800-570-0448 to speak with an FHA mortgage expert before accepting any conventional mortgage quote as the best you can do!

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

Serving These Fine Florida Counties:

Alachua :: Baker :: Bay :: Bradford :: Brevard :: Broward :: Calhoun :: Charlotte :: Citrus :: Clay :: Collier
Columbia :: Dade :: DeSoto :: Dixie :: Duval :: Escambia :: Flagler :: Franklin :: Gadsden :: Gilchrist :: Glades
Gulf :: Hamilton :: Hardee :: Hendry :: Hernando :: Highlands :: Hillsborough :: Holmes :: Indian River :: Jackson
Jefferson :: Lafayette :: Lake :: Lee :: Leon :: Levy :: Liberty :: Madison :: Manatee :: Marion :: Martin :: Miami-Dade
Monroe :: Nassau :: Okaloosa :: Okeechobee :: Orange :: Osceola :: Palm Beach :: Pasco :: Pinellas :: Polk
Putnam :: Saint Johns :: Saint Lucie :: Santa Rosa :: Sarasota :: Seminole :: Sumter :: Suwannee :: Taylor :: Union
Volusia :: Wakulla :: Walton :: Washington

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Many of the seniors have the same vacant reaction once they heard the term reverse Mortgage, but that’s not how it has to be. Reverse mortgages are not inherently complicated and scary, let me enlighten you with reverse mortgage.

The concept behind a reverse mortgage is simple, it enables senior to take the equity in their homes and convert it into cash. This concept is sometimes referred to as “The loan that pays you” A reverse mortgage does not require borrowers to make any payments to the lender until he or she sells the home or passes away.

There is no monthly payments, no annual payments, nothing due to the lender. Furthermore, instead of making a monthly payment to a lender, many borrowers choose to receive a monthly payment from the equity in their home. For example, a borrower might decide to receive $1,000 a month every month for the rest of her life. Other borrowers might choose to receive a large lump sum payment. Still others might keep the money in a credit line that they can draw upon as they need it. The method of payments to you is at the borrower’s discretion.

Like all loans, reverse mortgages have costs. A major cost is the interest you pay (or don’t pay) on borrowed money, and there may be other costs as well. Most costs can be bundled with the loan so you do not pay out of pocket. Many of the same costs that someone pays to obtain a home purchase loan, or to refinance their existing mortgage, apply to reverse mortgages too. You can expect to be charged an origination fee, up-front mortgage insurance premium (for the FHA Home Equity Conversion Mortgage or HECM), an appraisal fee, and certain other standard closing costs.

In most cases, these fees and costs are capped and may be financed as part of the reverse mortgage. Some of the most common reverse mortgage fees are lender fees, Origination fees are related to establishing your loan. The exact use can be unclear, but the fee ultimately compensates your lender or broker for putting your loan in place. The appraisal fee pays for somebody to do an appraisal on your home. An appraisal is an investigation into the value of your home. The appraiser gives the lender an idea of how much your home is worth. The home’s worth helps determine how much money you can receive. Next are mortgage insurance, title search and insurance, then Credit report fees and ongoing service fees

Everything has a cost. Just know your choices and the total price before committing. Reverse mortgages have helped hundreds of thousands of homeowners like you; improve their quality of life in retirement. A Reverse Mortgage can help you retire more comfortably. It can provide you with money when you need it most. No Monthly Mortgage Payments, Easy Qualification, Tax-Free Money and No cash needed for closing costs. Can it get any better? If you’d like to find out how much money you qualify for and if you’re eligible, give us a call at (800)630-0650.

Tim Jacobs
Golden Years Mortgage Solutions
Your Money…When You Need It
www.GoldenYearsMortgageSolutions.com
(800)630-0650
tim@goldenyearsmortgagesolutions.com

Tim Jacobs @ Golden Years Mortgage Solutions www.GoldenYearsMortgageSolutions.com  (800)630-0650 tim@goldenyearsmortgagesolutions.com Golden Years Mortgage Solutions is a reverse mortgage approved FHA Lender. We’ve helped thousands of senior homeowners solve their financial problems. Our agents and brokers collectively have over 60 years of experience in Reverse Mortgage Loans and general financial services, including managers who are industry pioneers with more than 12 years of reverse mortgage experience. Our dedication to providing financial solutions for seniors is evidenced by the number of referrals that come from our existing clients.

Tim Jacobs @ Golden Years Mortgage Solutions www.GoldenYearsMortgageSolutions.com

How to Get an FHA Mortgage loan

Applying for an FHA home loan can be a confusing and complicating process. That is why we at http://www.FHAmortgageFHALoan.com have put together a display of mortgage tools and information here for you; so you can learn about the FHA mortgage process and what steps you need to take when getting an FHA Mortgage.

You can also get pre-approved for an FHA Mortgage before you shop for a Florida home! Getting pre-approved for a loan before looking at homes can help speed up the Florida home buying process and can help you avoid problems when making an offer. When faced with multiple offers on a Florida home, many sellers will go with a Florida home buyer that is pre-approved in order to avoid having the offer fall through due to contingencies and offers from Florida homebuyers who are not approved for enough money. Getting pre-approved for a Florida FHA mortgage can save you the hassle and frustration of losing the Florida home of your dreams!

How to get an FHA Loan home loan in Florida

By deciding to purchasing a Florida home with an FHA home loan mortgage is going to be the most affordable option for you and your family, the next step in the process is going to be applying for an FHA loan. What’s involved in getting an FHA home loan mortgage?

The first step, because the FHA does not actually make the FHA loans is to contact FHA mortgage lenders in your area to find out whether or not they originate FHA home loans. In addition to asking the FHA lenders whether or not they offer the FHA loans, it’s going to be important to focus on comparison shopping: when you find FHA mortgage lenders who do offer an FHA home loan, it’s important to ask them for the best FHA mortgage rates and terms associated with the loans as each FHA lending organization is able to set its own rates and terms for these FHA mortgage loans.

Once you have found the right FHA mortgage lender – an FHA mortgage lender who originates FHA home loans and offers the best rates FHA mortgage rates and terms for those loans, you’ll find that there are some details that the FHA mortgage lender will want from you. You’re going to be asked about you income, your expenses, your credit and payments history and other factors that affect your credit-worthiness and the amount of risk that a Florida FHA mortgage lender would take on by approving your FHA mortgage.

For the most part, what you will find when you apply for an FHA home loan, the process is fairly similar to that of applying for a more general FHA mortgage. You’re still going to want to make an effort to look at all of the costs associated with the FHA home loan, the benefits of working with one FHA lender rather than another.

The way in which an FHA mortgage loans work  for a Florida mortgage applicant is simple: rather than you insuring your FHA mortgage and guaranteeing the FHA loan in one way or another, the government makes the guarantee to the FHA lender for you (in other words, you aren’t going to receive a loan from FHA, the FHA loan will still come from the FHA mortgage lender. You’ll be able to make a low down payment on a home that you purchase with an FHA home loan mortgage – whether you are buying a single family property, multi-unit housing or even a condominium.

There are, of course, other benefits that you will find when you get an FHA home mortgage. For example, if you are looking to purchase a Florida that needs repairs or renovations, you will find that you are able to include those costs in the amount that you borrow; the same holds true if you will be making upgrades to the home that you buy in order to make it more energy efficient.

When you are ready to buy a Florida home of your own, taking advantage of an FHA home loan may be in your best interest. By finding the right lender and exploring your options, you will be able to learn more about the process of getting the loan and the requirements you’ll need to meet.

Minimal Down Payment and Closing Costs.

Down payment less than 3.5% of Sales Price 100% Financing options available 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:

No minimum FICO score or credit score requirements. 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. Self-Employed individuals o.k.

Apply today at www.FHAmortgagePrograms.com

www.FHAmortgageFHAloan.com

FHA Mortgages & Loans

What is an FHA mortgage? An FHA mortgage is a federal assistance mortgage loan in the United States insured by the (FHA)Federal Housing Administration. The FHA loan may be issued by federally qualified lenders.

FHA Loans for buying a new Florida home:  

Buying a Florida home can be a source of anxiety, frustration — and a huge sense of accomplishment for a new Florida homebuyer.  For most Florida mortgage applicants that want to have a low down payment, an FHA mortgage is the best solution. Did you know any Florida homebuyer  can qualify for down payment assistance with an FHA mortgage?  Trust our professionals to find the FHA mortgage loan that best fits your needs. “Less paperwork and more personal attention” means you enter a Stress free zone from the FHA mortgage application to decision. Getting the right Florida mortgage loan is like getting the keys to your new Florida house! We can help you get there.

Florida FHA loans for refinancing your current Florida mortgage:

Most Florida banks will tell you it is a tough time to refinance your Florida mortgage.  Refinancing has never been easier for the Florida homeowner. If you thought refinancing meant getting buried under mountains of paperwork, think again! The FHA Mortgage makes it easy and worry-free to reduce your interest rate and monthly payment.  FHA mortgage loans have simple guidelines that allow you to refinance your Florida home up to 97% of your Florida home  value.  Did you know that there are no prepayment penalties on FHA loans?  We can even help you pay down your balance more quickly for comparable Florida mortgage payment. Let our FHA mortgage professional  guide you to the very best refinanced loan! FHA loans for tapping into your home equity:

  FHA loans for Florida homeowners make it easier than ever to pull your equity out of your Florida house.  FHA loans may be used to pay credit cards or for any other type of debt consolidation.  They may also be used for Florida home improvements such as repairing a roof, foundation, or adding fencing.  You can use the cash from your FHA home loan refinance for whatever you choose.  You’ve been paying down your balance, and Florida home values have gone up! Tap into that wealth and reward yourself. We’ll help with the best program to fit your goals.

Our FHA mortgage professionals at FHA Mortgage FHA loan.com give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you’re making a commitment in buying a new FHA home, refinancing and FHA mortgage or cashing out your home equity. So we make a commitment to you. We will help you qualify, apply and be approved for the right FHA mortgage loan for you.

     

 

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Florida FHA Mortgage Lender

Providing FHA Mortgage loans in Florida

with High or Low FIco Scores

To endure and be the most successful Florida FHA mortgage lender, we have learned to adapt to a Florida real estate market that changes quickly.  One reason http://fhamortgagefhaloan.com/ still here after 15  years, when so many other Florida FHA mortgage businesses around the state of Florida have closed their doors.
We really do take a long-term approach to Florida FHA mortgage lending.

About five years ago, adjustable rate mortgages with five year fixed periods were the rage with most Florida FHA Mortgage lenders.

However, not with our team.

Why take an ARM when Florida FHA mortgage interest rates were near historic lows?

As an FHA mortgage lender in Florida, over the last ten years we’ve earned a reputation for listening to our clients and for recommending the FHA mortgage solution that is best for their long-term home ownership goals. As a result, we receive a large number of new Florida FHA mortgage loan business by referral from past clients and our Florida real estate agents.

If you are fortunate enough to be looking to buy a home with an FHA mortgage or FHA mortgage Refinance an existing one in the current market, we’ll be glad to offer you sound advice and friendly service. Service and advice you deserve from a Florida FHA mortgage lender that’s been around for a decade and will be around for the long haul. Call 1-800-570-0448 or use our FHA mortgage application for a no-pressure and no-obligation quote on your Florida mortgage or refinance.

We are a Resourceful Florida FHA Mortgage Lender with excellent Conventional and FHA Mortgages for First Time Home buyers

Although many Florida FHA mortgage lenders are tightening credit standards and demanding higher FICO scores and more money down, we still have excellent conventional home loan programs with no money down for 1st time home buyers. In the current Florida real estate market, selling Realtors® are often eager to offer 3.5% and even 6% toward closing costs to coax an offer from our FHA approved Home Buyers in Sarasota and other cities throughout Florida.

Don’t let lack of a downpayment keep you on the sidelines in a prime Florida FHA real estate market that offers some of the best buying opportunities in years. Call 1-800-570-0448 to discuss your first time home buyer mortgage options with a representative from the premier mortgage lender in Florida. You can even use our quick application for a no-hassle consultation. Even if you’re not a first time home buyer, we have excellent fixed rate home loans with terms from 10 to 50 years.

Florida home buyer the FHA mortgage loan program can simplify the purchase of a Florida home, making financing easier and less expensive than a conventional FLorida mortgage loan product. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% 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:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

To take advantage of the FHA program in Florida, visit http://fhamortgagefhaloan.com/ 

 give us a call 1-800-570-0448

The Mortgage Lender in Florida Excellent FHA mortgage Refinance Options For Florida Homeowners

As a Florida FHA mortgage lender, we know well how quickly the world can change. Sometimes you outgrow your FHA mortgage before you’ve outgrown the home that you financed.

Whether you need to make the move from a dangerous adjustable rate mortgage to a low Florida fixed rate mortgage or just want to do a refi to pull some cash out, chances are good we can help. We will be happy to review your present Florida mortgage financing to ensure you’re getting the right solution and that you do not have any prepayment penalties. For some Florida mortgage applicants, a Second Mortgage or home equity line of credit is a better way to create a financing solution. To discuss your situation with an outstanding Florida mortgage lender who actually is in Florida, call 1-800-570-0448

If you have a Florida Bad Credit mortgage home loan, have been paying on time, and are ready for a low interest rate alternative, don’t wait until your change date and attempt to pay your higher payment. Call us today at 1-800-570-0448 to see if we can move you to a fixed rate  FHA mortgage and give you a stable long-term financing solution. We did it for a bad credit mortgage client in Duval County! Don’t get stranded in a bad credit mortgage with accelerating payments! A Florida refi to a stable low rate loan solution today is far better than needing a hard money Florida Foreclosure bailout tomorrow.

A Florida FHA Mortgage Lender Motivated to Lend FHA Mobile Homes, FHA Modular Homes and FHA Manufactured Homes

Try finding an FHA Mobile Home or modular home loan at your local bank and you’ll quickly learn about one of the lasting prejudices in the world of mortgage lending. Many banks don’t offer mortgages for mobile homes with land, modular homes, or double wide trailers on rural acreage. They’re much more comfortable lending on traditional “Brick” built block homes in subdivisions. It’s a sentiment we’ve heard from all across the state: Duval County, Seminole County, and Dade County!

We’re an FHA  mortgage lender business that welcomes and understands that a manufactured homes can offer superior quality at an affordable price in a high cost Florida housing market. We offer both Florida FHA mortgage loans and conventional financing for purchasing or refinancing mobile homes on lots, modular homes, and double wide Florida trailer homes on land.

For a free no obligation quote on a manufactured home mortgage, call 1-800-570-0448 or use our quick application. You’ll know you have found the right Florida mortgage lender for your manufactured housing loan!

 

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Is an FHA Home loan Mortgage Right for You?

The days of putting just  little money down to buy a home are not over

After many years of risky home loans backed up by small down payments, most lenders aren’t underwriting mortgages without a large sum money for a  down payment and a high credit score. But a loophole can still put home buyers in a Florida home for little or no money down. FHA Mortgages insured by the Federal Housing Administration (FHA) allow Florida mortgage applicants  to get approved with a low down?payment as small as 3.5% of the purchase price and you  don’t require a high credit score.

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% 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:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

To take advantage of the FHA program in Florida, give us a call 1-954-667-9110 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.

www.FHAmortgageFHAloan.com

As millions of Florida homebuyers have come to realize, getting into a Florida home for little money down has its disadvantages. Borrowers who’ve invested little money down on their home are often more willing to walk away from it during tough times rather than struggle with tough payments; this risk is further elevated when Florida home values are declining and troubled Florida mortgage applicants are unable to refinance or sell their Florida  home at a price that covers their losses.

Still, FHA home loans are far less risky than a subprime?or hard money loan that lenders originated before the housing bubble. FHA-insured mortgage loans require documentation and verifiable proof that the borrower is capable of making their mortgage payments. (In the past lenders didn’t require such proof.)

The looser terms of FHA home loans have helped make them more for Florida homebuyers. Today, FHA home loans  make up about 30% of the mortgage Florida mortgage market, up from 5% in 2005, The FHA commissioner David Stevens said in a speech earlier this month. In June, of  FHA insured over 200,000 FHA home loans – the highest monthly total in the agency’s history, according to Stevens. For fiscal year 2009, the dollar amount of FHA home loans  are likely to reach 30% of mortgage originations, up from around 5% in 2005 and 2006, says Stu Feldstein, the president of SMR Research, a mortgage-data tracking firm.

“FHA-insured?home loans  are one of the only games in town, especially if you can’t qualify for a traditional Florida mortgage,” says Thomas Martin, the chairman of the which trains and certifies mortgage lenders and brokers. “Now that the subprime market is gone, the FHA home loan is filling the void.

Here’s how to determine if an FHA-insured mortgage is right for you.

Do you meet the FHA home loan qualifications?

Most Florida mortgage applicants of FHA-insured mortgages have stable predicable income likely to continue with their credit history and debt load than a conventional mortgage loan might allow,

“When analyzing an FHA mortgage applicants  credit, we expect FHA mortgage lenders to examine the overall pattern of credit behavior rather than isolated occurrences of poor performance or relying solely on a credit score, This includes a borrower’s rental or mortgage payment history, debts, collections, previous foreclosures and bankruptcies. Borrowers with a credit score less than 500 must make a 10% down payment to  qualify.

Today, over 80% of FHA-insured purchase-mortgages belong to first-time Florida home buyers, thanks to looser requirements and the comparatively small 3.5% down payment, (Another perk is that borrowers are permitted gift assistance for the down payment from their friends, a family, employer or a government entity, but not the seller.)

Can you afford the costs?

Now, FHA mortgage  interest rates  and non-FHA mortgages aren’t much different. A 30-year fixed-rate FHA-insured mortgage had an average rate of 5.25% for the week ending Aug. 20, compared to an average rate of 5.44% for a 30-year fixed rate non-FHA mortgage,

However, there are unique fees that accompany an FHA mortgage. A mortgage applicant is required to pay 1.75% of the loan amount upfront, or that fee can be financed into the mortgage. FHA-insured mortgages also require a 0.55% annual premium based on the outstanding FHA  loan balance and financed into the mortgage. These fees pay for the FHA insurance that makes the loan possible,

A borrower who has a high credit score – typically a minimum of 720 – and a 20% down payment is often better off with a traditional non-FHA mortgage, which includes fewer fees. However, the math gets tricky when a borrower has a high credit score but a down payment less than 20%; in those cases, the borrower will have to pay for private mortgage insurance (PMI). Depending on your situation, PMI can cost less, the same or more than FHA mortgage fees.

What protections are in place for the FHA mortgage lender?

FHA mortgage Lenders are comfortable providing FHA mortgages because they don’t bear the loss if a mortgage applicant defaults on their payments and goes into foreclosure – the FHA does.

In such a scenario, the FHA pays the lender an insurance claim equal to the sum of the unpaid principal balance of the loan, foregone interest and a portion of the foreclosure expenses, The FHA pays for these losses by dipping into its insurance fund, which holds the insurance fees borrowers pay.

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The FHA home loan offers exclusive Florida FHA mortgage refinancing, FHA mortgage rates, FHA refinance loans, FHA fixed mortgage refinance, FHA low equity loans, FHA refinance mortgages, FHA bad credit mortgage, second mortgages, FHA home equity loan modification options and 100% FHA mortgage rates for debt consolidation, fixed loan refinance, cash out and new home financing. FHA Mortgage rates have dropped to 4.5% for FHA fixed rate refinancing loans! Our Florida FHA Lenders report that FHA mortgage refinancing with loans remain the hottest mortgage loan products with conforming and FHA mortgage lenders can offer 103% and 110% FHA refinance loans through the government backed FHA Mortgage program, DU Refinance. Standard FHA home loan refinance with cash options limit FHA Mortgage applicants to 95% LTV and rate and term streamline refinance loans are capped at 97%.

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% 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:  

No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

To take advantage of the FHA program in Florida, visit

http://www.fhamortgagefhaloan.com/

Our FHA mortgage lenders maintain headquarters in Florida, but we have extended our FHA mortgages and  home loans purchase and FHA mortgage refinance services to consumers nationally. Florida  Homeowners can take advantage of discount FHA mortgage refinance rates for equity loans. Most Florida FHA mortgage applicants want to FHA refinance and consolidate high interest credit card debt or refinance their variable home equity lines of credit into a tax deductible fixed rate mortgage loan. Whether you need to a FHA home loan for an  FHA purchase a new FHA home refinance your mortgage or negotiate a FHA mortgage loan.

 As an experienced FHA mortgage banker, Nationwide FHA Mortgage Loans assembled a talented FHA Mortgage refinance team that provides “outside of the box” first and second mortgage loans. FHA mortgage applicant can improve their financial state when FHA Mortgage refinancing their high interest revolving debts and consolidating their all higher interest loans together into a reduced FHA mortgage payment loan ensured by a low fixed interest rate. First time Florida homebuyers are encouraged to our competitive FHA loan products like the 97% FHA refinance mortgage loans, “interest only” home equity credit lines and 100% FHA home mortgages. If you have a variable rate home equity credit line, we recommend an FHA Mortgage  refinance. If you are seeking to FHA refinance your variable rate loans or currently have a bad credit mortgage but your credit scores are low or no equity left in your Florida home, we encourage you to apply online because our FHA mortgage guidelines make exceptions for compensating factors. According out account executives an FHA Home loan is easier than ever before to get approved for, Florida homeowners should seek the expert FHA refinancing advice from the ‘FHA Mortgage Loan Originators’.” Get the best FHA mortgage refinance rate possible with our volume discounts for home equity, 2nd mortgage or FHA mortgage loans.

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There are many different types of mortgages, each with its own advantages and disadvantages, it is very important that you do your research. Understanding these differences will enable you to choose the right mortgage for your financial situation and housing goals. Now what is a mortgage? A mortgage is a loan secured by a property/house and paid in installments over a set period of time. The mortgage secures your promise that the money borrowed will be repaid. For most of us, a mortgage is the largest and most serious financial obligation we ever make.

You can get a mortgage direct from the lender like banks, building societies and specialist mortgage lenders, or you can use a mortgage broker. You can buy based on ‘information’ only or get advice and recommendation on a mortgage that suits your particular needs.

The two main ways to repay your mortgage are ‘repayment’ and ‘interest only’. With a repayment mortgage you make monthly repayments for an agreed period until you’ve paid back the loan and the interest (30 year-fixed rate being a common example). With an interest only mortgage you make monthly repayments for an agreed period but these will only cover the interest on your loan (example 5 year-fixed rate). You’ll normally also have to pay into another savings or investment plan that’ll hopefully pay off the loan at the end of the term.

Now you know what mortgage is, let’s take a moment to understand reverse mortgage. What exactly is a reverse mortgage?

Reverse mortgages are getting to be more and more common these days. Why? Reverse mortgage loan advances are not taxable, and generally don’t affect your Social Security or Medicare benefits. You retain the title to your home, and you don’t have to make monthly repayments. The loan must be repaid when the last surviving borrower dies, sells the home, or no longer lives in the home as a principal residence. Unlike a regular mortgage, the homeowner makes no payments and all interest is added to the lien on the property.

A reversed mortgage is designed specifically for homeowners who are age 62 and older. Through this product, you can receive loan money from your home in the form of a lump sum, regular monthly checks or a line of credit. The money is typically repaid with interest when you sell your house, permanently move away, or pass away.

You may be wondering how you can benefit from getting a reverse mortgage. Many people have found that the money they got from a reverse mortgage benefited them greatly. With a reverse mortgage you continue to get income, and defer repayment, for as long as you live at home – no matter how long that may be. A Reverse Mortgage maybe is exactly what you need!

There are many benefits that a reverse mortgage can give you. However, here are a few of the most significant. You will remain independent, no monthly mortgage payments are required, and you got freedom and flexibility. The money you get from a reverse mortgage is yours to use in any way you choose.

Exciting isn’t? If you don’t know exactly how much you’ll spend or how soon you’ll need it, a line of credit may make sense. Some reverse mortgage lines of credit are “growing” lines of credit meaning you may have more and more money available to you as time goes on. Reverse mortgages have helped hundreds of thousands of homeowners improve their quality of life in retirement. A Reverse Mortgage can help you retire more comfortably. It can provide you with money when you need it most. No Monthly Mortgage Payments, Easy Qualification, Tax-Free Money and No cash needed for closing costs. Can it get any better? If you’d like to find out how much money you qualify for and if you’re eligible, give us a call at (800)630-0650.

Tim Jacobs
Golden Years Mortgage Solutions
Your Money…When You Need It
www.GoldenYearsMortgageSolutions.com
(800)630-0650
tim@goldenyearsmortgagesolutions.com

Tim Jacobs @ Golden Years Mortgage Solutions www.GoldenYearsMortgageSolutions.com  (800)630-0650 tim@goldenyearsmortgagesolutions.com Golden Years Mortgage Solutions is a reverse mortgage approved FHA Lender. We’ve helped thousands of senior homeowners solve their financial problems. Our agents and brokers collectively have over 60 years of experience in Reverse Mortgage Loans and general financial services, including managers who are industry pioneers with more than 12 years of reverse mortgage experience. Our dedication to providing financial solutions for seniors is evidenced by the number of referrals that come from our existing clients.

Tim Jacobs @ Golden Years Mortgage Solutions www.GoldenYearsMortgageSolutions.com

Florida FHA Mortgage Refinance, FLorida FHA loan Refinance

Some advantages of using a FHA mortgage for your Florida  mortgage refinance are as follows:

Cash-Out Refinance up to 95% for existing or new FHA mortgages.

Cash-Out up to 95% of your properties value. Consolidate first and second mortgages into single loan. Bill consolidation programs. Easier credit and income qualifications. FHA regulated closing costs.

Rate and Term Mortgage Refinancing up to 97% of your homes value.

Consolidate first and second mortgages into a single loan. No FICO score or credit score requirements Competitive rates for borrowers with a Bankruptcy older than two years. Competitive rates for borrowers with a Foreclosure older than three years. Easier credit and income qualifications. FHA regulated closing costs.

FHA Streamline Refinance for existing FHA loans only.

No Cost Interest Rate Reductions programs. No Income or Credit Qualifications. Zero cost refinance options available. Easily switch amortization for adjustable to fixed or vice versa. Easily shorten or lengthen term of your existing loan. Easier credit and income qualifications.

FHA Secure Refinance with current mortgage lates.

Refinance your mortgage at competitive rates even if you have a mortgage late on your credit that is directly due to adjusting mortgage. Qualify for refinance even if currently in foreclosure. Complete details of FHA Secure loan.

 Apply NOW at

http://www.fhamortgagefhaloan.com/ 

Florida FHA Mortgage Refinance

As a Florida homeowner, eventually, you’ll consider refinancing your Florida mortgage. Before you decide to refinance, you should confer with an experienced Florida  Mortgage Lender. Our licensed mortgage pros work hard to stay current on the best refinance mortgage programs. Our training objectives are to help each of our clients achieve the best combination of interest rate, mortgage terms, and low home loan closing fees for a Florida refinance. Call today at 1-800-570-0448 or use our quick application to learn more!

For over a decade, 1st Continental Mortgage has been the Florida mortgage lender of choice in Florida because we deliver excellent Florida mortgage rates and superb white glove mortgage service to Florida homeowners. 1st Continental Mortgage loan officers are well equipped to make refinancing your Florida Mortgage a smooth and pleasant transaction from application to closing.

After conferring with one of our loan officers, you may find that refinancing your existing mortgage loan isn’t the most suitable way to meet your financial goals. In finance, there are often many ways to achieve a goal, and a conversation with a Florida mortgage expert can save you time in locating the homeowner loan that is going to work the best for your unique set of circumstances.

Why not call one of our friendly experienced loan officers today for a free review your financial situation and objectives. We’re confident that when you complete your phone interview, you’ll be certain you are applying for the best Florida refinance homeowner loan. A loan that will serve your long-term interests and not just the interest of the Florida mortgage originator you’re working with. Call 1-800-570-0448 today or use our quick application for a free, no-obligation consultation.

For most of our clients, getting a Florida refinance on their Florida Mortgage is the most important single financial transaction they will ever undertake. It’s actually more important than when you first decided to purchase your Florida home! It’s not something that most people do every day. In fact, some homeowners may only refinance two or three times in a lifetime.

Nevertheless, differences among Florida mortgage programs for refinancing that appear small can make a huge difference over the life of a typical Florida mortgage. The hard truth is, refinancing your home into the wrong loan can cost you tens of thousands of dollars or even put you at risk of losing your Florida home to foreclosure.

At 1st Continental Mortgage, we’ll listen carefully to your objectives for the refinance loan, ask the right questions, and use our experience to match you with the best program and lender from among the hundreds of Florida debt consolidation refinance programs we offer.

At 1st Continental Mortgage, we’re experts at identifying the small differences in competing refinance mortgage loan programs that can save our clients big dollars. We’ll be glad to share what we know to help you create the best refinance scenario for your situation. Call 1-800-570-0448 or use our secure online quick application to see how simple it is to refinance a mortgage in Collier County or any of the other Florida counties we serve.

Whether you are motivated to refinance your Florida home by a desire to lower your interest rate, lower your monthly payment, change your terms, or remove a former spouse from a mortgage, we will be happy to help. Over the last decade, we have heard our share of excellent reasons for making changes to an existing Florida mortgage.  We have excellent Florida refi solutions for all kinds of homeowners from interest only refinances for a newly single professional; to refinancing a Mobile Home on land with a low fixed rate FHA mortgage in Wesley Chapel, Florida; to helping a young family avoid the shock of dramatically higher mortgage payments from an ARM.

Florida Debt Consolidation Refinance

Cash Out Refi in Florida

For some Florida clients, the need to refinance is driven by debt consolidation. It’s not uncommon today for borrowers to feel that their credit card debt or other installment debt has taken on a life of its own. We know how to help you get the most for your hard-earned home equity when it comes to doing a cash out refinance for debt consolidation. Refinancing for debt consolidation can help free up hundreds of dollars a month and in some cases, the mortgage interest may be tax deductible. If you have home equity and need a fresh start, call 1-800-570-0448 or use our quick application. We think you’ll be glad you did!

We don’t recommend refinancing a first mortgage to every client as a vehicle to consolidate debt or get cash out. Sometimes a prepayment penalty on the first mortgage makes a Second Mortgage or home equity line of credit a better way to access home equity. In other cases, the first mortgage may have a desirable characteristic, such as a below market interest rate, that makes refinancing simply not worthwhile. We’ll be happy to help you generate a range of refinance program options and to choose the best from among them.

Why not call us today at 1-800-570-0448 or fill out our quick application to get a fast quote on refinancing your Florida mortgage!

Here are just a few of the reasons our past clients have expressed for refinancing their Florida homes:

Lower the interest rate on your present fixed rate mortgage; Convert a high risk Florida ARM to a stable 30 year fixed rate mortgage; Refinance out of a fully indexed Adjustable Rate Mortgage into a FHA fixed rate loan; Consolidate all your high interest credit card debts into a single monthly mortgage payment Refinance to pull cash out for hospital bills, college tuition, or to finance a wedding, honeymoon or exotic vacation; Escape a Florida bad credit mortgage program into a more permanent mortgage; Improve your cash flow with a refinance to an Interest Only mortgage.

With more than 100 lender programs to draw upon, 1st Continental Mortgage loan officers have been delivering the right homeowner refinancing loans for over a decade to thousands of Floridians. Here is a partial list of the mortgage programs that we can help you with:

Fixed rate mortgage refinance with 10 year, 15 year, 20 year, 30 year and 40 year fixed rate terms; Interest only mortgage refi options; Debt consolidation refinance programs; Florida Jumbo mortgage and Super Jumbo mortgage refinancing programs; Bad Credit mortgage programs; Second mortgage, home equity loans, and home equity lines of credit options; Specialty mortgage products such as no income verification, no ratio, SISA and no doc mortgage programs.

The mortgage professionals of 1st Continental Mortgage are waiting to hear from you right now about your next Florida homeowner refinance opportunity. Just give them a ring at 1-800-570-0448 or apply securely online using our quick application. With so many excellent refinancing options for Florida homeowners, we’re certain to have a Florida refinancing mortgage program designed for you!

 

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FHA mortgage Florida, FHA Loan Florida
 For first time home buyers and other Florida mortgage applicants the FHA  loan can have key advantages:

 Other FHA Mortgage 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  3years 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.
Self-Employed individuals o.k.

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Other FHA advantages Florida homebuyers should know:

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 Downpayment Requirements – FHA mortgages can work with as little as 3% 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 Downpayment assistance programs that work well with Florida FHA home loans.

Less than A-1 Credit is Okay – The Florida 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 or just use our quick application to learn more!

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!

The FHA program has evolved since it started in 1934 and now has options for HUD insured loans that fit a variety of different borrowers and situations.

Florida FHA Loan Programs

At one point and time many years ago, the FHA loan was the only alternative to local bank financing for home buyers. In the fashion world, there is a saying: Wait long enough, and everything comes back into style. That rule applies just as well to Florida FHA mortgage program. Long-overlooked, the FHA mortgage is becoming popular again with Florida Home Buyers for its low rates and the real security it provides borrowers.

For Florida banks and other mortgage lenders, FHA mortgage loan financing offers the security of a government insured Mortgage. Win/Win! To learn more, call today at 1-800-570-0448 or just use our fast and easy quick application!

FHA Home Loans for Purchasing a Florida Home

Although Florida FHA home loans require additional paperwork, the reality is that applying for an FHA mortgage loan in Florida is not much different from applying for conventional financing. In fact, for many borrowers the small amount of extra time turns out to be an exceptional mortgage bargain because they save thousands of dollars over the life of their Florida Mortgage.

At 1st Continental Mortgage, we have been working with the FHA program for many years. We’re experts at assembling the proper paperwork and presenting your loan application to FHA approved lenders diligently and professionally. It’s one of the ways that we have earned our reputation for closing FHA home loans in Florida on-time.

You may be surprised at how flexible sellers are in the current market and how many programs there are that provide Downpayment assistance to applicants for FHA financing to purchase Florida homes, condos, and townhouses. The fact is, seller can pay up to 6% towards your closing costs. This means, no closing costs for you when negotiated during the purchase contract!

The FHA program offers excellent fixed rate options and never a prepayment penalty. If other mortgage lenders are quoting you subprime rates, you owe it to yourself to make the call to 1st Continental Mortgage to compare the costs of getting an FHA home loan for your home purchase. Call 1-800-570-0448 to speak with an FHA mortgage expert before accepting any conventional mortgage quote as the best you can do!

FHA Home Loans Offer the Convenience of Streamlined Refinance

An FHA streamline refinance is one of the easiest home loans for Mortgage Lenders and borrowers. Since HUD approved you for the original FHA loan, the paperwork to refinance is minimal and the process is simple.

So long as you have made your FL FHA loan mortgage payments on time for the previous 12 months, you can lower your monthly payment if interest rates go down with minimal out of pocket expense. Even if you have been late on your FHA mortgage, you might still qualify for an FHA streamline refinance in Florida under very specific conditions.

Less documentation and no appraisal are just two of the reasons a FHA streamline refinance is cheaper and faster for the borrowers who qualify.

FHA Mortgage Loan
Streamline Refinance Requirements

When your 1st Continental Mortgage lender helps you get a streamlined FHA refinance on your existing mortgage loan, he or she will make certain that you meet these conditions:

Your current mortgage must be an FHA mortgage.
You must have had your FHA Mortgage for at least 6 months.
You must have paid your mortgage on time for the most current 12 months.
Your FHA Streamline Refinance must lower the principal and interest portion of your mortgage payment by at least $50 or convert the mortgage from an ARM to a fixed rate FHA home loan.
You can’t get cash out on the FHA streamline refi.
You must have an FHA appraisal if you are rolling the closing costs into the FHA streamline refinance.
Any existing liens on your Florida home must be subordinate to the new FHA mortgage.
FHA Mortgage Loan Refinance
Programs for Cashing Out Equity

Although a streamline refinance does not allow you to cash out equity, we have a FHA loan refinance program that is specifically designed for borrowers who want to cash out equity to consolidate debts, make home improvements or to access funds for other purposes.

Unlike many conventional loan programs, the FHA mortgage does not adjust the rate based upon loan to value or credit score. You will find the FHA has very reasonable underwriting guidelines for cash out refinancing.

We have helped many clients borrow up to 85% of the appraised value of their homes and use the funds to consolidate debts or to make home improvements and other purposes. Qualified borrowers will have to look hard to find lower rates and better terms than they can get on Florida FHA cash out refinance right now!

Call 1st Continental Mortgage today at 1-800-570-0448 or use our quick application to apply for an FHA refinance on your home in Sumter County or any of the other Florida counties we offer FHA mortgages in.

FHA Home Loans For Mobile Homes with Land

Although some conventional lenders in Florida shy away from making a loan on Mobile Homes or manufactured homes, many FHA mortgage loan lenders do not.

In fact, mobile homeowners fortunate enough to connect with a Florida mortgage lender, who is well schooled in how FHA loans work for mobiles and manufactured homes, can get a better interest rate, better terms, and a lower monthly payment by going FHA in nearly every case.

If you’re shopping for financing to buy a mobile or manufactured home on land in Sumter County or any of the other 66 counties in Florida that we serve, call 1-800-570-0448 and let us give you a quote for an FHA mortgage loan to purchase your mobile or manufactured home.

It only takes a few minutes to get an FHA loan mortgage quote on your Florida mobile home. We’ll wager that the savings on your monthly mortgage payments will make it some of the highest paid work you’ve ever done.

Few people realize that the FHA loan uses the same underwriting criteria for single and double wide mobile homes and manufactured housing as it does for traditional site built block or stick homes. In addition, FHA is one of the very few programs that can offer up to 97% financing on mobile homes on land. In addition, did you know that the seller can contribute up 6% toward your closing costs on an FHA mobile home loan and that down payment assistance can be used in Florida? It’s true! You could package your mobile home financing to create a real no money down loan with unbelievably low rates.

Call 1-800-570-0448 or use our secure online quick application for a free no obligation quote on financing your manufactured or mobile home using an FHA mortgage loan.

Target Florida Borrowers for FHA 203K Mortgages

This specialized FHA mortgage is for Floridians who wish to buy a home that needs repairs or renovations. Just as is the case with a conventional construction loan, a single FHA 203k loan covers both purchase of the Florida real estate and renovation. FHA 203K financing can be used to purchase a property on a site and move it to a new foundation on the mortgaged property and rehabilitate it.

In addition, Florida homeowners can also use a 203k FHA mortgage to refinance existing debt when they finance one or more home improvements using the FHA 203k mortgage program.

Many borrowers are finding out what a good deal a Florida FHA home loan really is. Call 1-800-570-0448 today or simply use our quick application to find out more!

 
 
FHA Mobile Home Lending Guidelines

The Department of Housing and Urban Development (HUD) sets forth these guidelines for determining if a mobile or manufactured home qualifies for an FHA mortgage loan in Florida:

The mobile or manufactured home must be constructed in accordance with the Federal Manufactured Home Construction and Safety Standards. A red tag is attached to the rear of each section of homes that comply with the standards.
The home must be taxed as real estate by the local tax assessor’s office.
The mobile or manufactured home must have been built after June 15, 1976.
The mortgage must have a term of at least 30 years from when amortization begins.
The mobile home or manufactured home must be on a permanent foundation.
The axles and tongue must be removed from the mobile or manufactured home.
The mobile home or manufactured home must have adequate skirting and insulation, and the crawl space must have adequate ventilation.

If you would like to determine if your mobile or manufactured home meets the guidelines for section 184 financing from FHA, call one of our Florida mortgage pros at 1-800-570-0448. We’ll be glad to help you determine if the property that you are interested in can be used as collateral for an FHA mobile home mortgage.

FHA 203k Mortgages For Florida Homeowners Making Home Improvements

The FHA 203k loan program is nothing more than a specialized FHA home loan designed to help homeowners make home improvements. It is especially popular in neighborhoods with properties in need of rehabilitation.

The FHA 203k loans work in Florida communities in much the same way as Construction loans for home improvement. Eligible borrowers can use the proceeds from these mortgage to renovate and improve their primary residences.

Qualifying for a 203k FHA mortgage uses the same guidelines as a standard FHA mortgage for the purchase of a Florida home.

 

 

FHA Mortagage Florida, FHA home loan Florida, FHA loan FLorida,www.FHAmortgageFHALoan.com
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