Florida FHA Mortgage Lenders, Florida FHA HOME LOANS, Eazy to Qualify

2008-04-26T14:48:40Z

Florida FHA Mortgage Lenders, Florida FHA HOME LOANS

1^ST Continental Mortgage Florida FHA Mortgage Lender, We are approved by HUD to originate FHA Mortgage loans throughout Florida and beyond.

ADVANTAGES TO THE FHA HOME LOAN INCLUDE

•· Low Down Payment requirements of 3% and 100% financing options available.

•· 95% of Appraised Value for a Cash-Out Refinance

•· FHA Streamline Refinance

•· NO Income Maximum Limits

•· Gift Funds: 3% down payment can come from FRIEND, FAMILY MEMBER OR NON PROFIT

•· Seller CAN PAY UP TO 6% OF YOUR CLOSING COST!

•· Down Payment Assistance for Texas Homebuyers

•· NO Cash Reserves Required

•· Gap in Employment OK

•· Self Employed OK

•· Permanent Alien OK

•· NO pre-payment penalty

•· FHA Secure

•· FHA Frequently Asked Questions

Fill out a Quick Application Call us with any questions in regards to FHA financing at 954-391-8387

If you are looking to buy property in Florida then you want to seriously consider an Florida FHA mortgage. The FHA loan offers some of the most competitive home loan rates and programs, but still there are a lot of finer details that you may miss out on. Florida fast turning out to be the new condominium destination apart from the other real estate options that are also available.

An Florida FHA Loan is insured by the Federal Housing Administration, which is one of the divisions of Department of Housing and Urban Development or HUD. FHA loans offer flexible credit guidelines. There are certain criteria and requirements that you will have to meet in order to apply and get an Alabama FHA Home Loan. Some of the criteria are:

You should be able to show a good credit payment history for the previous 12 months
If you have filed for bankruptcy then you should be in Chapter 13 bankruptcy and need to be paying on time or in Chapter 7 bankruptcy but discharged for at least 2 years.
An FHA loan also entitles you to apply for a home loan with a market limit that is in sync with that specific area's FHA loan limits.
FHA loans don't have any income restrictions.

Some of the major benefits that you can enjoy with an FHA loan in Florida are:

All types of closing costs may be paid by the seller
There is only a 3% down payment
Down payment programs are allowed

The most important part is to find a good or reputable Florida mortgage company like 1st Continental Mortgage Any Florida FHA lender must be approved by HUD in order to originate the FHA home loan program.

Our FHA Loan program in Florida is very competitive, beneficial and regarded as an outstanding mortgage opportunity for any home buyer or homeowner. You need to know that the Federal housing authority or FHA does not originate the FHA home loans, which are basically funded under the FHA loan category. They will only insure FHA mortgages, which have been underwritten by an approved FHA mortgage lender like 1st Continental Mortgage, or placed with a lender by a HUD approved mortgage broker.

The Federal Housing Administration was actually created by congress in 1937 to provide more Americans with an opportunity at buying a home through financing options that were not present at the time. Before FHA came into the picture, owning a home meant a huge down payment of anywhere between 30 to 50%, plus the loans were offered through the local community banks with limitations in the form of terms and conditions. FHA revolutionized the mortgage lending industry for the average America.

As an Florida Mortgage originator, 1st Continental Mortgage charges standard FHA Lending Fees, which normally don't change. On top of that you get a great mortgage rate, which is independent of your credit scores. The home inspection and home appraisal are the two costs, which need to be paid for before closing. So if you haven't closed then you won't have to pay any other lender fee.

There are various types of loan costs involved in an Florida FHA loan, as a AL FHA borrower, there are also certain fees you cannot be charged. Below is a simple list and not all items may apply to you:

The lenders fee: This includes underwriting, loan processing, wire transfers, loan origination, credit report, funding, and prepaid interest.
Closing Costs: This includes settlement, closing, title inspection, title search, insurance binder, warehouse, owner policy and lender policy.
Various government costs: These would include recording fee, document tax, state document tax, appraisals, home inspection and termite inspection.

When you are considering an Florida FHA mortgage lender, there are certain considerations or finer points that you need to check. At 1st Continental Mortgage we strive hard to meet our own and your expectations:

The mortgage lender should offer you a competitive FHA Interest Rates
They should have flexible FHA Loan qualification guidelines
The mortgage company should have creative financing solutions
They should offer simple interest, fixed and adjustable interest rates for more variation and choice
The lending company should offer low rate debt consolidation loans
They should have the FHA 203k loan for home rehabilitation and improvement
They should be a true, full service FHA company and not discriminate by type of home you want to finance. FHA will finance a wide range of home types including manufactured homes with land. Lenders who "Do FHA" but won't underwrite and fund qualified borrowers for a manufactured home loan don't deserve your business! All the FHA loans offered by them should be HUD approved including manufactured home loans.

THESE LIMITS ARE TEMPOARTY LENDING LIMITS AND WILL ONLY LAST FOR 2008

MSA Name	County Name	State	One-Family	Two-Family	Three-Family	Four-Family
GAINESVILLE, FL (MSA)	ALACHUA	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
JACKSONVILLE, FL (MSA)	BAKER	FL	$387,500.00	$496,050.00	$599,600.00	$745,200.00
PANAMA CITY-LYNN HAVEN, FL (MSA)	BAY	FL	$396,250.00	$507,250.00	$613,150.00	$762,000.00
NON-METRO	BRADFORD	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
PALM BAY-MELBOURNE-TITUSVILLE, FL (MSA)	BREVARD	FL	$291,250.00	$372,850.00	$450,700.00	$560,100.00
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL	BROWARD	FL	$423,750.00	$542,450.00	$655,700.00	$814,900.00
NON-METRO	CALHOUN	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
PUNTA GORDA, FL (MSA)	CHARLOTTE	FL	$296,250.00	$379,250.00	$458,400.00	$569,700.00
HOMOSASSA SPRINGS, FL (MICRO)	CITRUS	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
JACKSONVILLE, FL (MSA)	CLAY	FL	$387,500.00	$496,050.00	$599,600.00	$745,200.00
NAPLES-MARCO ISLAND, FL (MSA)	COLLIER	FL	$531,250.00	$680,100.00	$822,050.00	$1,021,650.00
LAKE CITY, FL (MICRO)	COLUMBIA	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
ARCADIA, FL (MICRO)	DE SOTO	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	DIXIE	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
JACKSONVILLE, FL (MSA)	DUVAL	FL	$387,500.00	$496,050.00	$599,600.00	$745,200.00
PENSACOLA-FERRY PASS-BRENT, FL (MSA)	ESCAMBIA	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
PALM COAST, FL (MICRO)	FLAGLER	FL	$287,500.00	$368,050.00	$444,900.00	$552,900.00
NON-METRO	FRANKLIN	FL	$305,000.00	$390,450.00	$471,950.00	$586,550.00
TALLAHASSEE, FL (MSA)	GADSDEN	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
GAINESVILLE, FL (MSA)	GILCHRIST	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	GLADES	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	GULF	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	HAMILTON	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
WAUCHULA, FL (MICRO)	HARDEE	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
CLEWISTON, FL (MICRO)	HENDRY	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)	HERNANDO	FL	$292,500.00	$374,450.00	$452,600.00	$562,500.00
SEBRING, FL (MICRO)	HIGHLANDS	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)	HILLSBOROUGH	FL	$292,500.00	$374,450.00	$452,600.00	$562,500.00
NON-METRO	HOLMES	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
SEBASTIAN-VERO BEACH, FL (MSA)	INDIAN RIVER	FL	$283,750.00	$363,250.00	$439,050.00	$545,650.00
NON-METRO	JACKSON	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
TALLAHASSEE, FL (MSA)	JEFFERSON	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	LAFAYETTE	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
ORLANDO-KISSIMMEE, FL (MSA)	LAKE	FL	$353,750.00	$452,850.00	$547,400.00	$680,300.00
CAPE CORAL-FORT MYERS, FL (MSA)	LEE	FL	$356,250.00	$456,050.00	$551,250.00	$685,100.00
TALLAHASSEE, FL (MSA)	LEON	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	LEVY	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	LIBERTY	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	MADISON	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
SARASOTA-BRADENTON-VENICE, FL (MSA)	MANATEE	FL	$442,500.00	$566,450.00	$684,750.00	$850,950.00
OCALA, FL (MSA)	MARION	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
PORT ST. LUCIE-FORT PIERCE, FL (MSA)	MARTIN	FL	$375,000.00	$480,050.00	$580,300.00	$721,150.00
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISIO	MIAMI-DADE	FL	$423,750.00	$542,450.00	$655,700.00	$814,900.00
KEY WEST-MARATHON, FL (MICRO)	MONROE	FL	$729,750.00	$934,200.00	###########	$1,403,400.00
JACKSONVILLE, FL (MSA)	NASSAU	FL	$387,500.00	$496,050.00	$599,600.00	$745,200.00
FORT WALTON BEACH-CRESTVIEW-DESTIN, FL (MSA)	OKALOOSA	FL	$312,500.00	$400,050.00	$483,550.00	$600,950.00
OKEECHOBEE, FL (MICRO)	OKEECHOBEE	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
ORLANDO-KISSIMMEE, FL (MSA)	ORANGE	FL	$353,750.00	$452,850.00	$547,400.00	$680,300.00
ORLANDO-KISSIMMEE, FL (MSA)	OSCEOLA	FL	$353,750.00	$452,850.00	$547,400.00	$680,300.00
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METRO	PALM BEACH	FL	$423,750.00	$542,450.00	$655,700.00	$814,900.00
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)	PASCO	FL	$292,500.00	$374,450.00	$452,600.00	$562,500.00
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)	PINELLAS	FL	$292,500.00	$374,450.00	$452,600.00	$562,500.00
LAKELAND, FL (MSA)	POLK	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
PALATKA, FL (MICRO)	PUTNAM	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
PENSACOLA-FERRY PASS-BRENT, FL (MSA)	SANTA ROSA	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
SARASOTA-BRADENTON-VENICE, FL (MSA)	SARASOTA	FL	$442,500.00	$566,450.00	$684,750.00	$850,950.00
ORLANDO-KISSIMMEE, FL (MSA)	SEMINOLE	FL	$353,750.00	$452,850.00	$547,400.00	$680,300.00
JACKSONVILLE, FL (MSA)	ST. JOHNS	FL	$387,500.00	$496,050.00	$599,600.00	$745,200.00
PORT ST. LUCIE-FORT PIERCE, FL (MSA)	ST. LUCIE	FL	$375,000.00	$480,050.00	$580,300.00	$721,150.00
THE VILLAGES, FL (MICRO)	SUMTER	FL	$278,750.00	$356,850.00	$431,350.00	$536,050.00
NON-METRO	SUWANNEE	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	TAYLOR	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	UNION	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (MSA)	VOLUSIA	FL	$303,750.00	$388,850.00	$470,000.00	$584,150.00
TALLAHASSEE, FL (MSA)	WAKULLA	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00
NON-METRO	WALTON	FL	$362,790.00	$464,400.00	$561,400.00	$697,650.00
NON-METRO	WASHINGTON	FL	$271,050.00	$347,000.00	$419,400.00	$521,250.00

Answers to Mortgage Questions

Whether Refinancing or Buying, We
Deliver Good Answers to Great Questions!

I need a mortgage. Why should I do business with you?
What is a Home Loan?
What is a Mortgage?
What is Refinancing?
What is FHA?
What is HUD?
What is Sub Prime?
What is a Lender? Do I need a Lender?
What is a Broker? Should I use a Mortgage Broker?
What is a Mortgage Originator?
What is a Mortgage Loan Processor?
What is a Mortgage Underwriter?
What is a Pre-Approval Letter?
What is a Mortgage Commitment?
What do I need to apply for a mortgage?
What is the difference between a fixed and adjustable rate mortgage?
Can I buy a house using a FHA Loan?
How much mortgage do I qualify for using an FHA Loan?
Does the FHA loan impact how much house I can qualify to buy?
How do I qualify for a home mortgage using the FHA program?
What is the difference between a regular mortgage and a FHA Loan?
Do you have to improve your credit score to get a better rate with FHA?
What is the importance of credit when you apply for an FHA Loan?
I heard the FHA loan is only for 1st time buyers, is that true?
My mortgage company says I should not consider the FHA program. Why should I listen to you and not them?
I want to improve my mortgage term. Can I refinance my FHA loan now?
How soon can I refinance to a new home loan?
How often can I refinance my home?
How can I refinance my home when I have credit problems?
Where can I refinance my home if I'm late on my mortgage?

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Florida FHA Mortgage Lenders, Florida FHA HOME LOANS, **Eazy to Qualify**

Florida FHA Mortgage Lenders, Florida FHA HOME LOANS, Eazy to Qualify