The FHA loan program was created to help increase homeownership. The FHA program makes buying a Florida home easier and less expensive than other types of Florida home loan programs. Here are just some Examples of how FHA can help you purchase a Florida home,
· No minimum FICO score or credit score requirements.
· FHA will allow a home purchase2years 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.
FHA refinancing offers benefits for current Florida real estate home owners who are seeking to complete a refinance mortgage of their existing real estate mortgage. A Florida FHA home loanrefinance may also benefit you even if you do not currently have a FHA loan.
Some advantages of using a FHA mortgage for your mortgage refinance are as follows:
· 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.
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.
Many Floridians are confused about what types of loans are available to them. In the Florida real estate market that has been hit with large declining values, this is especially true. So, let me try to help you understand what is available to the average home owner or purchaser as far as FHA mortgage loans in Florida are concerned.
FHA loans have been helping Florida homebuyers become homeowners since 1934. How does FHA help? The Federal Housing Administration (FHA) - which is part of (HUD), provides mortgage insurance to insure private lenders against loss. The mortgage insurance allows private Florida lenders to lend up to 97% of the purchase price and allows financing with No Minimum credit score requirement for Florida homebuyers.
Eazy Qualifying Guidlines such as:
Down payment less than 3.5% 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 2 year after a Bankruptcy.
FHA will allow a home purchase 3 yearsafter 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.
Easy Qualification - The Florida FHA loaninsures private Florida mortgage lenders against loss for loans made to properly qualified Florida FHA mortgage borrowers. So you're likely to find FHA loans with terms that make it easier for you to qualify.
FHA loans have been helping Florida home loan mortgage applicants become homeowners since 1934. How does FHA help? The Federal Housing Administration (FHA) - which is part of (HUD), provides mortgage insurance to insure private lenders against loss. The mortgage insurance allows private Florida home loan lenders to lend up to 97% of the purchase price and allows financing with No Minimum credit score requirement for Florida home loan applicants.
Easy Qualification - The FHA loan insures Florida mortgage lenders against loss for loans made to properly qualified FHA home loan borrowers. So you're likely to find FHA loans with terms that make it easier for you to qualify for an FHA loan any any other program.
Minimal Down payment Requirements - FHA loan can work with as little as 3.5% down and those funds can come from a family, grant , or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that there are many Florida down payment assistance programs to help you with the down payment.
Less than A-1 Credit is Okay - TheFlorida FHA home loan program exists to expand the pool of home buyers. Even borrowers with prior bankruptcies or Florida mortgage loan lates get approved every day for FHA loans to buy or Refinance homes across FLorida. The FHA loan program uses credit quality, not credit score!
Lower Cost Over the Life of the Loan - Florida FHA home loan rates are extraordinarily competitive. FHA's lower risk to the lender means a better rate for the Florida borrower.
Safeguards for Borrowers Who Get Behind - FHA loans 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 loan.
Options for Manufactured Housing - Under certain conditions, you can even secure an FHA loan for a Mobile Home or manufactured home using a Florida FHA mortgage loan.
FHA Loans Are Fully Assumable - When you are ready to sell your Miami home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified buyers.
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.
For Miami Dade 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 - Miami 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 - TheMiamiFlorida 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 Miami or any of the other Miami Fl location we serve. The Miami FHA loan program uses credit quality, not credit score!
Lower Cost Over the Life of the Loan - The Miami 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 Miami Florida FHA loan mortgages also allow the lender more options in helping Miami borrowers who fall behind keep their Miami home 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 for your next Miami home purchase.
Options for Manufactured Housing - Under certain conditions, you can even finance a MiamiMobile Home or manufactured home using a Miami 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 Miami home, you can offer buyers FHA financing! All Miami 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 Miami 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.
Not two generations ago, it was difficult for home buyers in MiamiFloridato get a mortgage from their local financial institution without a 20% Downpayment. Few people could manage the savings required and many otherwise qualified Floridians didn't get approved for the funds to buy a home in Florida because they did not have the minimum Downpayment to qualify for a MiamiFlorida Mortgage.
Although recent problems in the subprime market have made lenders more careful about how they extend credit, it's still very possible to buy a home in MiamiFlorida with little or no money down. To learn more about our Florida home buyer programs, just give us a call at 1-800-570-0448 or use our quick application to inquire today!
No Money Down Programs for Miami Florida Home Buyers
For sure, it is much easier today to be a MiamiFlorida home buyer than it was a generation ago. Even if you don't have substantial savings or perfect credit, 1st Continental Mortgage works with many lenders still willing to make loans to borrowers with limited cash for Downpayment
In fact, today in Florida 7 out of 10 first time home buyers make a Downpayment of 10% or less. A good many Miami Floridians buy their homes with no money down at all.
Because most people who sell an existing home have some equity which can be applied to making the Downpayment on the new home, no down payment financing is most attractive to MiamiFlorida first time home buyers. However, these loans are an option for all home buyers whether they have equity from a prior sale or not.
Don't be persuaded that your lack of a Downpayment means you can't become a Florida homeowner. Call 1-800-570-0448 or use our quick application to find out how simple it is to take advantage of 1st Continental Mortgage's excellent no money down mortgage programs.
With 10 plus years of helping home buyers and first time home buyers become homeowners, the skilled and experienced mortgage lenders of 1st Continental Mortgage can help you own a Miami Florida home using these excellent no money down Mortgage programs:
106% Financing For Florida Home buyers - Closing costs in Miami Florida vary but typically run from 4-6 percent of the value of the transaction. Using a 106% MiamiFlorida mortgage is an excellent way to create a truly no money down home mortgage. Call 1-800-570-0448 to get pre-approved for this no money down program today! Quick Application!
105% Financing For Miami Florida Home buyers - Right now sellers of homes are a little more flexible in dealing with prospective Miami Florida home buyers because of the slower Florida housing market. That means 105% financing is often enough to produce a true no money down real estate transaction for the Miami Florida real estate buyer, especially if your Realtor® can negotiate some help from the selling side. To learn more about our 105% mortgage programs, call 1-800-570-0448 or apply securely online for a no money down Florida mortgage.Quick Application!
103% Financing for Florida Home buyers - Having an experienced Mortgage Lender working with you and your Realtor® in structuring your offer to purchase is one way that many MiamiFlorida home buyers get to the closing table with 103% financing. Our loan officers are standing by to answer any questions you might have about our mortgage programs for home buyers at 1-800-570-0448. Call now for a quote on 103% financing or any our other Florida lending no money down mortgage programs! We can get you a loan whether you're financing a modular home in Broward County or a single family block home in Miami . We will make a fixed rate no money down home loan easy! Quick Application!
100% Financing For Miami Florida Home Buyers - Interest rates are at historic lows and an oversupply of well built homes with high days on market! MiamiFlorida home buyers should not let the lack of funds for a Downpayment make them miss what looks to be one of the best buying opportunities in Florida residential real estate in many years. A 1st Continental Mortgage representative will be happy to discuss how you can buy your MiamiFlorida home with 100% finance lending. Call 1-800-570-0448, or inquire using our contact form for a no obligation quote on 100% financing from our best Florida lenders. Quick Application!
80/20 Financing For Miami Florida Home buyers - Although private mortgage insurance is now deductible in many cases, many of our Florida mortgage clients want to avoid PMI but still get 100% financing. We have structured many combo loans with an 80% first mortgage and a 20% Second Mortgage or home equity line of credit to avoid PMI and still achieve a purchase money mortgage with no Downpayment requirements. Call 1-800-570-0448 or use our contact form for a quote on an 80/20 no money down combo mortgage to buy your Florida dream home. Quick Application!
97% Financing For Miami Florida Home buyers - A few years ago a seller's agent faced multiple offers and could pit Florida home buyers against each other in a bidding war before accepting the highest and best offer. Now home buyers can drive through subdivisions in most Florida metros and find plenty of for sale signs. Motivated seller's agents are receptive and often willing to kick in 3 to 9% toward buyer's closing costs and Downpayment without a corresponding increase in the offered price. In this way, even 97% financing can become the way to buy a MiamiFlorida home with very little money out of pocket. Call 1st Continental Mortgage right now at 1-800-570-0448 for full details on our 97% Florida mortgage loans. Quick Application!
Many Miami First Time Home Buyers Are Eligible For No Money Down Mortgages
You may be pleasantly surprised how much money the same amount you are spending on rent every month can buy if you apply it toward a low fixed rate Miami Florida mortgage. Why not take a step toward building equity for yourself and your family? Call 1st Continental Mortgage today at 1-800-570-0448 or use our secure online Florida mortgage quick application to get a no money down mortgage for a first time home buyer in Hillsborough County or any of the other Miami Florida counties we serve.
Quick and Easy No Money Down Programs for Miami Florida First Time Home Buyers
Some Miami Florida first time home buyers hesitate because they think that the no money down loan process is too complicated or time consuming.
Not so.
1st Continental Mortgage pros have been making getting loan approvals for Miami Florida first time home buyers easy, stress-free, and straightforward for over ten years now. We can help you get the keys to a Miami Florida home that you own. Call 1-800-570-0448 and ask about our special Miami no money down first time home buyer mortgage programs.
Our no money down programs for Miami Florida home buyers include all of the following:
Low fixed rate Miami Florida mortgages with terms of 40,30,20,15, and 10 years;
First time home buyer programs for Miami Florida Jumbo and Super Jumbo Mortgages for the purchase of luxury homes;
No money down mortgage first time home buyer programs that allow for contributions from the seller and use of gift programs to pay closing costs and prepaids;
Miami Florida no money down programs with Interest Only periods of 1, 3, 5, and ten years;
Both conventional and FHA home loan programs designed specifically for first time home buyers with less than perfect credit who want a low cost alternative to a sub prime mortgage;
Excellent programs for first time buyers seeking to purchase mobiles, modular or trailer homes with land.
Don't miss one of the best times to buy a home in Miami Florida because you don't have a Downpayment The call and consultation are free and without obligation. Call First Continental Mortgage at 1-800-570-0448 to learn more about buying your first MiamiFlorida home with no money down.
For the Florida mortgage applicant the FHA mortgage program can simplify the purchase of a home, making financing easier and less expensive for Florida mortgage seekers. 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 purchase2year after a Bankruptcy.
FHA will allow a home purchase3years 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.
FHA loans have been helping Florida mortgage applicants become homeowners since 1934. How does FHA help? The Federal Housing Administration (FHA) - which is part of (HUD), provides mortgage insurance to insure private lenders against loss. The mortgage insurance allows private Florida lenders to lend up to 97% of the purchase price and allows financing with No Minimum credit score requirement for Florida homebuyers.
Easy Qualification - The FHA loan insures Florida mortgage lenders against loss for loans made to properly qualified FHA home loan borrowers. So you're likely to find FHA loans with terms that make it easier for you to qualify for an FHA loan any any other program.
Minimal Down payment Requirements - FHA loan can work with as little as 3.5% down and those funds can come from a family, grant , or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that there are many Florida down payment assistance programs to help you with the down payment.
Less than A-1 Credit is Okay - TheFlorida FHA home loan program exists to expand the pool of home buyers. Even borrowers with prior bankruptcies or Florida mortgage loan lates get approved every day for FHA loans to buy or Refinance homes across FLorida. The FHA loan program uses credit quality, not credit score!
Lower Cost Over the Life of the Loan - Florida FHA home loan rates are extraordinarily competitive. FHA's lower risk to the lender means a better rate for the Florida borrower.
Safeguards for Borrowers Who Get Behind - FHA loans 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 loan.
Options for Manufactured Housing - Under certain conditions, you can even secure an FHA loan for a Mobile Home or manufactured home using a Florida FHA mortgage loan.
FHA Loans Are Fully Assumable - When you are ready to sell your Miami home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified buyers.
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.
Providing mortgage solutions for those looking for an FHA loan in Florida!
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.
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 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.
Many Floridians are confused about what types of loans are available to them. In the Florida real estate market that has been hit with large declining values, this is especially true. So, let me try to help you understand what is available to the average home owner or purchaser as far as FHA mortgage loans in Florida are concerned.
In a market such as Florida, FHA works great because even with the declining values that Floridian property owners have experienced, an FHA buyer can borrow up to 97% of the home's appraised value or purchase price -whichever is less. Apply now for a FL FHA home loan with a HUD approved Florida FHA lender.
The FHA mortgage is available to U.S. Citizens, permanent resident aliens, and non permanent resident aliens may qualify too, so talk to your licensed Florida loan officer to check your eligibility.
The income ratios allowed are up to 31% for housing and up to 43% total payments, but may vary depending on compensating factors. So again, make sure you ask your licensed Florida loan officer. Apply now for an FHA home loan.
Florida is considered a high closing cost state, which means the costs are at or above 2.1% of the sales price. One of the reasons for this is that Florida has a 1% Mortgage tax; even on a refinance, the state of Florida requires you to pay tax of 1% on the new mortgage amount.
FHA Loans in high closing cost states such as Florida can have a loan to value on a purchase of up to 98.75% if the property is valued at less than $50,000, and 97.5% for a value of $50,000, up to $125,000. For all values above $125,000, the rate is 97.15%.
FHA mortgages are insured with up front mortgage insurance, referred to as (UFMIP) and monthly mortgage insurance (MIP). UFMIP is 1.50% of the base loan amount excluding UFMIP, which can be rolled into the loan or paid all in one shot at close. FHA/HUD charges an annual premium which is split into 12 payments - this is what is known as MIP.
Some Florida borrowers may be entitled to a partial refund of the UFMIP, if their loan closed on or after January 1, 2001, to pay off or refinance an FHA loan within five to seven years of its original closing date.
When making a decision on taking out a Florida FHA mortgage on your purchase or refinance of a home, you must make sure that you can qualify for this type of loan. So again, make sure that you work with an experienced FHA licensed Florida loan officer.
FHA loans require full documentation of income and assets. You will be required to show 2 months most recent pay stubs, 2 years W-2s and/or tax returns, a written verification of employment, as well as 2 most recent statements for all checking, savings, 401k, and like accounts with a verification of deposit from your bank. Also required is a 4506 form, which gives the IRS permission to verify your taxes.
You will also have to show verification of rent or previous mortgage history, and depending on your underwriter, you may have to show cancelled checks for the last 6 months to one year of rent or mortgage payments made. Due to the tremendous amount of fraud that has occurred in Florida, expect that all FHA loans underwritten on Florida homes will be scrutinized.
Floridamlshub.com offers an array of real estate for Florida MLS seekers to find including Florida land, commercial property, vacant lots, condos, Florida homes, and even hotels on Florida Beaches. With over a decade of experience Floridamlshub.com will provide all the information you need to purchase a Florida home. You can search the Florida MLS from the comfort of your own home.
The state of Florida is the nations leading destination in tourism with its year round warm temperatures, swaying palm trees white sandy beaches along the Gulf of Mexico. The state's population is continuing to grow with and new construction is popping up almost daily, allowing for increased home values and offering all types of real estate options&active listings for new Florida homebuyers. In Florida you will find Prestigious Florida schools such as the University of Florida in Gainesville, University of Miami and Florida State University in Tallahassee cover the state from top to bottom
FloridaMLShub.com Designed To Help You find the Florida home of your choice.
Over the years, Florida buyers and sellers have taken advantage of the Florida MLS Hub to locate and sell Florida real estate across Florida You'll find the property that's just right for you. Buyers and sellers alike say thanks to the Florida MLS database for the experience and knowledge. Florida MLS Hub offers buyers advice in popular areas such as:
Florida single family homes are the most sought after homes on the Florida MLS. This is the most standard Florida property type which is designed to support just one dwelling. Florida single family homes do not include a common area as you'd find in a condominium complex and similar developments. Florida homes do not share walls with neighboring properties, and should have land separation from all sides of the property, as well as above and below. These are the cheapest properties to finance, as they are the norm and carry the lease amount of risk for Florida mortgage lenders.
Florida condominiums are defined as the individual ownership of a building with access to common areas owned by all residents within the complex. Association fees must be paid to maintain, repair, and improve the common areas shared by residents, which typically include a pool, spa, tennis courts, walking paths, and more. Banks and lenders often finance condos at higher interest rates.
A Florida Townhouses is a single family dwelling typically made up of two floors that shares side walls with nearly identical properties. Townhomes differs from a condominium in that no neighboring unit is above or below, Townhomes usually features an outdoor space in front and behind the property. It's similar to a condominium in that with a Townhouse tenants have access to a common area such as pool, spa, tennis courts and more. Many banks and lenders consider townhouses single-family residence, making Florida mortgage financing more affordable.
A "condotel" is a sort of hybrid condominium and hotel. Florida Condotels typically have registration desk daily cleaning services, food and telephone service, and operate as hotels despite the fact that units are owned individually. Condotels are purchased by investor and leased out to tenants and also feature short-term occupancy, although they can serve as long-term residences as well. Note that many mortgage lenders will not finance condotels. However we have access to lenders that will finance condo tells in Florida at www.FHAmortgagePrograms.com
Florida Homes that are non-owner occupied, owned for the purpose of financial gain either through renting and/or appreciation. Even if the property is not a Florida income property, if the owner does not occupy the home, it is considered an investment property. Investment properties include single-family residences and multi-unit properties. Florida Multi-unit and Multifamily investment properties are among the most expensive Florida properties to finance.
Search Florida MLS for Manufactured Homes for saleNo matter if you call it a factory built home, a manufactured home, a modular home, or a prefabricated home; smart Florida financing Mobile Home Buyers know that manufactured homes offer them comparable quality, lower costs per square foot and dramatically quicker build times than a traditional site built home. Often referred to as "mobile homes" or "trailer parks", these types of properties are constructed on a non-removable steel chassis which allows them to be transported. These homes are often located on leased land or owned land, such as in trailer parks and adhere to the Federal Construction Safety Standards Act (HUD/CODE). They provide low-income housing as well as lifestyle housing for groups such as senior citizens. Financing may be in the form of a personal property or traditional or FHA loans allow manufactured home buyers low interest rates compared to chattel loans or loans without the land included.
Florida Modular home are similar to manufactured homes, though they adhere to building codes required by the specific state, county, and locality, and do not carry building or zoning regulations. They also differ from manufactured homes in that they don't have an axle or frame, and must be transported on a flat-bed truck or like vehicle.
Florida Multi-unit properties can be primary residences or investment properties. A 2-unit property for example may be occupied by the owner in one unit, and a tenant in the other unit, defining it as a multi-unit primary residence. Or a 4-unit property may be solely occupied by tenants, defining it as a multi-unit investment property. Multi-unit properties carry additional financing, more substantial for 3-4 unit properties. Under FHA guidelines you can purchase a multifamily home up to 4 units with only 3.5% down payment.
Florida Second Homes, also known as "Florida vacation homes" are residences typically found in recreation areas or resorts that serve as seasonal accommodation. Second homes are in owned in addition to a primary residence, and can be Florida condominiums, Florida townhouses, or Florida single-family residences. Florida Vacation homes are common near the beach, and may be rented out to other vacationers while not in use. Florida Financing is more expensive than single-family residences, but less than investment properties.
The FHA/HUD Section 234(c) of the National Housing Act provides authority to insure any mortgage covering a one-family unit in a project coupled with an undivided interest in the common areas and facilities which serve the project. The project may include dwelling units in detached, semidetached, row, garden-type, low- or high-rise structures. Generally these types of properties are referred to as Condominiums.
Florida Condominium buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida Condo buyer the FHA program can simplify the purchase of a Florida Condominium, making the p financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA condominium 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 purchase1 year after a Bankruptcy.
FHA will allow a home purchase 3 years after a Foreclosure.
To take advantage of the FHA Condo loan in Florida, give us a call 1-800-570-0448 or use our quick application to find out more about the Florida Condominium loans for Florida condos, Condominiums, Townhomes and other Florida mortgage loans programs we can make available. Or Apply now for a FL FHA Townhome home loan.
FHA/HUD will insures mortgagees against losses on mortgage loans used for buying a Florida condo or to refinance individual Florida condom mum units in eligible FHA approved condominium projects provided that they meet certain guidelines.
A.
Project Eligibility. The Florida condominium project must be on HUD's approved condominium list.
B.
Applicant Eligibility. Eighty percent of the HUD-insured mortgages in a Florida condominium project must be the principal residence of the owners (owner-occupants).
C.
Maximum Insurable Mortgage: Same as Section 203(b) (except that the mortgage amount must be in multiples of $50). Check Florida FHA loan limits.
D.
Minimum Investment: Same as the FHA loan Section 203(b).
If the Condominium is not approved then the Lender may go through the "Spot Approval" process.
The following requirements must be satisfied before a spot loan is endorsed:
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The Florida condominium project must be complete. There should be no ongoing or anticipated addition of any units, common elements, and/or facilities.
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Control of the common areas of the project must have been turned over to the unit owners association for at least one year.
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The Condominium association must provide evidence that the project has the appropriate hazard, liability and flood insurance.
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Individual Condom mum units in the project must be owned in fee simple or be an eligible leasehold interest. The project's legal documents must provide for undivided ownership of common areas by unit owners. By virtue of this ownership, unit owners must have the right to use all facilities and unrestricted common elements.
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The project's documents should not place any legal restrictions on conveyance. Any provisions that seek to limit the free transferability of title is generally unacceptable. Such restrictions include rights of first refusal and restrictive covenants. Certain governmental or nonprofit programs designed to assist in the purchase or rental of low- or moderate-income housing are exempted from the restrictions on conveyance provisions.
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At least 90% of the units in the project must have been sold.
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At least 51% of the units in the project must be owner-occupied.
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No single entity may own more than 10% of the units in a project. "Entity" includes an individual partnership, corporation, limited liability company, limited liability partnership, joint venture, investor group or other natural or legal person qualified to hold an interest in real property. The 10% restriction does not apply when the ownership of less than three units would disqualify an otherwise eligible project.
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HUD/FHA recognized that the 10% cap on the number of units that may secure FHA insured mortgages in a given project can place a small regime at a disadvantage, since only a few units will invoke the limit. Accordingly, a two-tiered system was established. For condominium projects having more than 30 units, no more than 10% of the units may have FHA insured loans at any given time. Florida FHA Condominium projects consisting of 30 units or less, can have up to 20% of the units encumbered by FHA insured mortgages under the spot loan rule.
CondominiumsFrequently asked questions
1) Q. How do I find out if a Florida condo is on FHA's approved list? A. Refer to this URL Hotspot for Approved Condos:
2) Q. How can I get a Florida Condominium approved? A. The guidelines for submission of Condos are set forth in HUD Handbook 4150.1 Rev-1, Chapter 11. Generally, the necessary documentation is submitted to HUD by a mortgage lender. Since most mortgage lenders are familiar with the information necessary for HUD to process the request, we strongly recommend that individuals, such as buyers and builders, use the services of a lender to make the submission. use our quick application to find out more about the Florida Condominium loans for Florida condos, Condominiums, Townhomes and other Florida mortgage loans programs we can make available.
3) Q. Can I do a spot loan on a Florida FHA Condo? Can I get a waiver for any of the items on the Spot Loan Certification? A. Spot Condo procedures are in Mortgagee Letter 96-41. Spot Condo procedures are in Mortgagee Letter 96-41. All requirements in the Mortgagee Letter must be met. If the lender needs a waiver on any of the items, the loan cannot be accepted using the Spot Loan process. The Florida Condominium project should be submitted for full review by HUD staff.
4)Q. Can I get a waiver if the owner-occupancy of a Florida Condo is under 51%? A. No. The lender must certify in writing on company letterhead that at least 51% of the Florida condominium units are owner-occupied. The lender can rely on information provided on the Individual Condominium Unit Appraisal Report (Fannie Mae Form 1073).
5)Q. Can the Florida condominium association waive the right of first refusal restriction and get a condo approved? What about spot loans? A. No for both. See handbook 4265.1, Appendix 24 8(e)
7)Q. How can I check the status of a Condo? A. FHA Connection or Homeownership Center having jurisdiction; Processing time for Condos: 1 - 2 weeks.
Alachua :: Baker :: Bay :: Bradford :: Brevard :: FHA condominium Broward :: Calhoun :: Charlotte :: Citrus :: Clay :: Collier, Columbia :: FHA condominium 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 :: FHA condominium Palm Beach :: Pasco :: Pinellas :: Polk, Putnam :: Saint Johns :: Saint Lucie :: Santa Rosa :: Sarasota :: Seminole :: Sumter :: Suwannee :: Taylor :: Union,Volusia :: Wakulla :: Walton :: Washington
To take advantage of the FHA Condo loan in Florida, give us a call 1-800-570-0448 or use our quick application to find out more about the Florida Condominium loans for Florida condos, Condominiums, Townhomes and other Florida mortgage loans programs we can make available. Or Apply now for a FL FHA Townhome home loan.
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!
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 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.
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.
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.
Target 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!
Florida Mortgage Lender providing FHA loans in all of FLorida including the cities of:
Not two generations ago, it was difficult for home buyers in Florida to get a mortgage from their local financial institution without a 20% Downpayment. Few people could manage the savings required and many otherwise qualified Floridians didn't get approved for the funds to buy a home in Florida because they did not have the minimum Downpayment to qualify for a Florida Mortgage.
Although recent problems in the subprime market have made lenders more careful about how they extend credit, it's still very possible to buy a home in Florida with little or no money down. To learn more about our Florida home buyer programs, just give us a call at 1-800-570-0448 or use our quick application to inquire today!
With 10 plus years of helping home buyers and first time home buyers become homeowners, the skilled and experienced mortgage lenders of 1st Continental Mortgage can help you own a Florida home using these excellent no money down Mortgage programs:
106% Financing For Florida Home buyers - Closing costs in Florida vary but typically run from 4-6 percent of the value of the transaction. Using a 106% Florida mortgage is an excellent way to create a truly no money down home mortgage. Call 1-800-570-0448 to get pre-approved for this no money down program today! Quick Application!
105% Financing For Florida Home buyers - Right now sellers of homes are a little more flexible in dealing with prospective Florida home buyers because of the slower Florida housing market. That means 105% financing is often enough to produce a true no money down real estate transaction for the Florida real estate buyer, especially if your Realtor® can negotiate some help from the selling side. To learn more about our 105% mortgage programs, call 1-800-570-0448 or apply securely online for a no money down Florida mortgage.Quick Application!
103% Financing for Florida Home buyers - Having an experienced Mortgage Lender working with you and your Realtor® in structuring your offer to purchase is one way that many Florida home buyers get to the closing table with 103% financing. Our loan officers are standing by to answer any questions you might have about our mortgage programs for home buyers at 1-800-570-0448. Call now for a quote on 103% financing or any our other Florida lending no money down mortgage programs! We can get you a loan whether you're financing a modular home in Broward County or a single family block home in Orange County. We will make a fixed rate no money down home loan easy! Quick Application!
100% Financing For Florida Home Buyers - Interest rates are at historic lows and an oversupply of well built homes with high days on market! Florida home buyers should not let the lack of funds for a Downpayment make them miss what looks to be one of the best buying opportunities in Florida residential real estate in many years. A 1st Continental Mortgage representative will be happy to discuss how you can buy your Florida home with 100% finance lending. Call 1-800-570-0448, or inquire using our contact form for a no obligation quote on 100% financing from our best Florida lenders. Quick Application!
80/20 Financing For Florida Home buyers - Although private mortgage insurance is now deductible in many cases, many of our Florida mortgage clients want to avoid PMI but still get 100% financing. We have structured many combo loans with an 80% first mortgage and a 20% Second Mortgage or home equity line of credit to avoid PMI and still achieve a purchase money mortgage with no Downpayment requirements. Call 1-800-570-0448 or use our contact form for a quote on an 80/20 no money down combo mortgage to buy your Florida dream home. Quick Application!
97% Financing For Florida Home buyers - A few years ago a seller's agent faced multiple offers and could pit Florida home buyers against each other in a bidding war before accepting the highest and best offer. Now home buyers can drive through subdivisions in most Florida metros and find plenty of for sale signs. Motivated seller's agents are receptive and often willing to kick in 3 to 9% toward buyer's closing costs and Downpayment without a corresponding increase in the offered price. In this way, even 97% financing can become the way to buy a Florida home with very little money out of pocket. Call 1st Continental Mortgage right now at 1-800-570-0448 for full details on our 97% Florida mortgage loans. Quick Application!
We're a local Cape Coral, FL Mortgage company that has money to lend. Apply for a Mortgage in Cape Coral, FL Today or call 1-800-570-0448!
Not two generations ago, it was difficult for home buyers in Cape CoralFlorida to get a mortgage from their local financial institution without a 20% Downpayment. Few people could manage the savings required and many otherwise qualified Floridians didn't get approved for the funds to buy a home in Florida because they did not have the minimum Downpayment to qualify for a Cape CoralFlorida Mortgage.
Although recent problems in the subprime market have made lenders more careful about how they extend credit, it's still very possible to buy a home in Cape CoralFlorida with little or no money down. To learn more about our Cape Coral Florida home buyer programs, just give us a call at 1-800-570-0448 or use our quick application to inquire today!
No Money Down Programs for Cape Coral Florida Home Buyers
For sure, it is much easier today to be a Cape CoralFlorida home buyer than it was a generation ago. Even if you don't have substantial savings or perfect credit, 1st Continental Mortgage works with many lenders still willing to make loans to borrowers with limited cash for Downpayment
In fact, today in Florida 7 out of 10 first time home buyers make a Downpayment of 10% or less. A good many Floridians buy their homes with no money down at all.
Because most people who sell an existing home have some equity which can be applied to making the Downpayment on the new home, no down payment financing is most attractive to Cape CoralFlorida first time home buyers. However, these loans are an option for all home buyers whether they have equity from a prior sale or not.
Don't be persuaded that your lack of a Downpayment means you can't become a Cape Coral Florida homeowner. Call 1-800-570-0448 or use our quick application to find out how simple it is to take advantage of 1st Continental Mortgage's excellent no money down mortgage programs.
With 10 plus years of helping Cape Coral home buyers and first time Cape Coralhome buyers become Cape Coral homeowners, the skilled and experienced Cape Coral mortgage lenders of 1st Continental Mortgage can help you own a Cape Coral Florida home using these excellent no money down Cape CoralMortgage programs:
106% Financing For Cape Coral Florida Home buyers - Closing costs in Florida vary but typically run from 4-6 percent of the value of the transaction. Using a 106% Florida mortgage is an excellent way to create a truly no money down home mortgage. Call 1-800-570-0448 to get pre-approved for this no money down program today! Quick Application!
105% Financing For Cape Coral Florida Home buyers - Right now sellers of homes are a little more flexible in dealing with prospective Florida home buyers because of the slower Florida housing market. That means 105% financing is often enough to produce a true no money down real estate transaction for the Florida real estate buyer, especially if your Realtor® can negotiate some help from the selling side. To learn more about our 105% mortgage programs, call 1-800-570-0448 or apply securely online for a no money down Florida mortgage.Quick Application!
103% Financing for Cape Coral Florida Home buyers - Having an experienced Mortgage Lender working with you and your Realtor® in structuring your offer to purchase is one way that many Cape CoralFlorida home buyers get to the closing table with 103% financing. Our loan officers are standing by to answer any questions you might have about our mortgage programs for home buyers at 1-800-570-0448. Call now for a quote on 103% financing or any our other Florida lending no money down mortgage programs! We can get you a loan whether you're financing a modular home in Broward County or a single family block home in Orange County. We will make a fixed rate no money down home loan easy! Quick Application!
100% Financing For Cape Coral Florida Home Buyers - Interest rates are at historic lows and an oversupply of well built homes with high days on market! Florida home buyers should not let the lack of funds for a Downpayment make them miss what looks to be one of the best buying opportunities in Florida residential real estate in many years. A 1st Continental Mortgage representative will be happy to discuss how you can buy your Cape CoralFlorida home with 100% finance lending. Call 1-800-570-0448, or inquire using our contact form for a no obligation quote on 100% financing from our best Cape Coral Florida lenders. Quick Application!
80/20 Financing For Cape Coral Florida Home buyers - Although private mortgage insurance is now deductible in many cases, many of our Cape Coral Florida mortgage clients want to avoid PMI but still get 100% financing. We have structured many combo loans with an 80% first mortgage and a 20% Second Mortgage or home equity line of credit to avoid PMI and still achieve a purchase money mortgage with no Downpayment requirements. Call 1-800-570-0448 or use our contact form for a quote on an 80/20 no money down combo Cape Coral mortgage to buy your Cape Coral Florida dream home. Quick Application!
97% Financing For Cape Coral Florida Home buyers - A few years ago a seller's agent faced multiple offers and could pit Cape Coral Florida home buyers against each other in a bidding war before accepting the highest and best offer. Now home buyers can drive through subdivisions in most Cape Coral Florida metros and find plenty of for sale signs. Motivated seller's agents are receptive and often willing to kick in 3 to 9% toward buyer's closing costs and Downpayment without a corresponding increase in the offered price. In this way, even 97% financing can become the way to buy a Cape CoralFlorida home with very little money out of pocket. Call 1st Continental Mortgage right now at 1-800-570-0448 for full details on our 97% Cape Coral Florida mortgage loans. Quick Application!
Many First Time Home Buyers Are Eligible For No Money Down Cape Coral Mortgage loans
You may be pleasantly surprised how much money the same amount you are spending on rent every month can buy if you apply it toward a low fixed rate Cape Coral Florida mortgage. Why not take a step toward building equity for yourself and your family? Call 1st Continental Mortgage today at 1-800-570-0448 or use our secure online Florida mortgage quick application to get a no money down mortgage for aCape Coralfirst time home buyer in Cape Coral or any of the other Florida counties we serve.
Quick and Easy No Money Down Programs for Cape CoralFlorida First Time Home Buyers
Some Cape Coral Florida first time home buyers hesitate because they think that the no money down loan process is too complicated or time consuming.
Not so.
1st Continental Mortgage pros have been making getting loan approvals for Florida first time home buyers easy, stress-free, and straightforward for over ten years now. We can help you get the keys to a Cape Coral Florida home that you own. Call 1-800-570-0448 and ask about our special no money down first time home buyer mortgage programs.
Our no money down programs for Cape Coral Florida home buyers include all of the following:
Low fixed rate Cape Coral Florida mortgages with terms of 40,30,20,15, and 10 years;
First time home buyer programs for Cape Coral Florida Jumbo and Super Jumbo Mortgages for the purchase of luxury homes;
No money down mortgage first time home buyer programs that allow for contributions from the seller and use of gift programs to pay closing costs and prepaids;
Cape Coral Florida no money down programs with Interest Only periods of 1, 3, 5, and ten years;
Both conventional and FHA home loan programs designed specifically for first time home buyers with less than perfect credit who want a low cost alternative to a sub prime mortgage;
Excellent programs for first time buyers seeking to purchase mobiles, modular or trailer homes with land.
Don't miss one of the best times to buy a home in Cape Coral Florida because you don't have a Downpayment The call and consultation are free and without obligation. Call First Continental Mortgage at 1-800-570-0448 to learn more about buying your first Cape CoralFlorida home with no money down.
To endure and be the most successful BradentonFlorida mortgage lender, we have learned to adapt to a Bradenton Florida real estate market that changes quickly. One reason 1st Continental Mortgage is still here after ten years, when so many other Florida mortgage businesses around the state have closed their doors, is how we treat our BradentonMortgage clients.
We really do take a long-term view.
About five years ago, adjustable rate mortgages with five year fixed periods were the rage with most BradentonFlorida Mortgage lenders.
However, not with our team.
Why take an ARM when interest rates were near historic lows?
As a mortgage lender in BradentonFlorida, over the last ten years we've earned a reputation for listening to our clients and for recommending the mortgage solution that is best for their long-term home ownership goals. As a result, we receive a large number of newBradentonFlorida mortgage loan business by referral from past clients and our real estate partners.
If you are fortunate enough to be looking to buy a home or 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 Bradenton Florida 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 quick application for a no-pressure and no-obligation quote on your Florida mortgage or refinance.
We are a Resourceful Bradenton Florida Mortgage Lender with excellent Conventional and FHA Mortgages for First Time Home buyers
Although many 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% and even 6% toward closing costs to coax an offer from our FHA approved Home Buyers in Bradenton and other cities throughout Bradenton Florida.
Don't let lack of a downpayment keep you on the sidelines in a prime Florida 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.
Excellent Refinance Options For Bradenton Florida Homeowners
As a Florida mortgage lender, we know well how quickly the world can change. Sometimes you outgrow your 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 mortgage financing to ensure you're getting the right solution and that you do not have any prepayment penalties. For some clients, 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 mortgage lender who actually is in Florida, call 1-800-570-0448 or use our secure quick application form.
If you have a BradentonBad Credit 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 Reputable Bradenton Florida Mortgage Lender Offering Low Cost Bradenton Florida Construction Loan Programs
The slowing Bradenton Florida real estate market has also opened up excellent construction loan opportunities for buyers who are building custom homes. During the boom, it was tough to get the attention of the best custom builders and competition for premium lots was fierce.
Those applying for a BradentonFloridaConstruction loan will find supply and demand working in their favor in today's market. Builders are hungry and all too eager to complete a construction loan funded project ahead of schedule. For reliable answers and experienced help in applying for a Florida construction loan, you can count on a reputable Florida mortgage lender like 1st Continental Mortgage! Call 1-800-570-0448 right now or use our quick application to get started!
A Bradenton Florida Mortgage Lender Motivated to Lend
Try finding a 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 a mortgage lender business that welcomes and understands that a manufactured homes can offer superior quality at an affordable price in a high cost housing market. We offer both FHA mortgage loans and conventional financing for purchasing or refinancing mobile homes on lots, modular homes, and double wide 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!
A Florida Mortgage Lender Capable of Handling Florida Jumbo or Super Jumbo Mortgages
The Fannie Mae loan limits have not increased as rapidly as real estate prices in Florida over the last five years. More and more homes, especially in more expensive coastal Florida counties, now require a Florida Jumbo or Super Jumbo home loan to purchase.
As an experienced Florida mortgage lender, we would be pleased to help you secure the best combination of rate and terms for your Florida home purchase. For a quote on your Florida Jumbo or Super Jumbo mortgage, please call 1-800-570-0448 or use our quick application for a fast, no obligation consultation.
A Bradenton Florida Mortgage Lender That Knows Investor Loans
Motivated sellers always look good to smart Bradenton real estate Investors. In the near term, it looks as if Florida will have its share of homeowners and institutions forced to sell REO homes at a loss. At 1st Continental Mortgage, some of our favorite repeat Florida mortgage clients are investors.
As a BradentonFlorida mortgage lender, we understand the special needs of Florida real estate investors. Whether you are accumulating a portfolio of rental houses in Tampa to hold long term or buying and fixing REO homes in Bradenton Florida from asset managers at Florida lenders, we will be happy to help you close a competitively priced loan on time. If your investor loans aren't getting the attention they deserve from your Florida mortgage lender, why not try 1st Continental Mortgage?
To get a quote on your next Bradenton Florida investor loan, call 1-800-570-0448 or use our secure quick application form. You'll find 1st Continental Mortgage deserves it reputation as an investor friendly BradentonFlorida mortgage lender.
FHA Mortgage Programs, FHA loans, FHA refinancing, Information about FHA, How to obtain an FHA mortgag, what is an FHA mortgage, Florida FHA Mortgage Loans
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
You can finance Cape Coral FL real estate using our fast and easy 
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