FHA Home Buyer Loans

Backed by the Government and insured by HUD, the FHA mortgage program is a safe secure way to buy a home!

Florida FHA Program Overview

  • Easier qualification!
  • You do NOT have to be a first time home buyer to use the FHA mortgage program!
  • Government Backed Mortgage! HUD Insured!
  • Higher debt ratios for home buyers.
  • Low Interest fixed rate and adjustable interest rates.
  • Low, low downpayment's! Only 3.5% down required!
  • No income restrictions!
  • Finance single family, condo, town house and mobile homes.
  • Seller able to pay up to 6% closing costs.
  • Down payment gifts and grants allowed!

The FHA program for Florida home buyers can make the dream of home ownership a reality for many people who would never have thought they would qualify for the purchase of a home. If you’re in the market to purchase a new or existing Florida home, the FHA home loan is a great program choice to consider.

This government mortgage program is insured by HUD and designed to make home ownership more affordable for everyone. The FHA mortgage program has underwriting guidelines that are designed to make it easier to qualify for than conventional loans. Since the the FHA home loan is government backed and insured, is comes with low interest rates and terms that are designed to protect you.

One of the most important features of the FHA loan program is the fact it does not ask that you have a great credit score to get the best rate and maximum amount financed. In fact, HUD guidelines state that a credit score should not be used as a factor in underwriting an FHA loan. What does this mean? People with lower credit scores can use the Florida FHA mortgage program to attain 96.5% financing and a great low interest rate! Have great credit? That's OK, you'll still get a great low interest rate and you'll be able to finance up to 96.5% of the purchase price or appraised value, whichever is less. Try doing that with a conventional home purchase!

So what types of properties may be purchased using an FHA mortgage? Almost any – single family homes, mobile & modular homes, condominiums, town homes and more. To learn more about properties you can finance with our many Florida mortgage programs, call 1-561-271-1611.

Still not convinced? Take a look the full range of benefits you receive as a Florida home buyer just for using the FHA loan program:

  • Easier qualification
  • Low interest rates compared to conventional mortgage programs
  • Adjustable and fixed rate loan options
  • 2/1 buy down option
  • Everyone is eligible
  • Lowest down payment for an open ended mortgage program - as low as 3.5% (USDA has income caps and significant property restrictions)
  • Up to 6% in seller concessions towards closing costs
  • Credit score not a factor - only credit quality
  • 30 year and 15 year mortgage financing terms
  • Higher debt ratios than conventional loans
  • Fully assumable
  • Non-occupying co-borrowers permitted
  • Streamline refinance at a later date
  • Rehab a property with a 203k loan
  • Reverse your mortgage during retirement

We are experts in the government backed HUD insured Florida FHA mortgage program and can help guide you through the process of becoming a homeowner! Contact us today to get started! Call 1-561-271-1611 or use our quick inquiry.

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