Mike's Blog

FHA mortage lenders ((goes down to 530 FICO))

1st Continental Mortgage — Sun, 06 Dec 2009 10:12:18 -0600

Providing comprehensive FHA loan solutions for FHA mortgage applicants.

With ever changing FHA lending guidelines that continue to increase restrictions on a FHA mortgage applicants ability to obtain financing for a Florida home, Florida home buyers and Florida homeowners need a Florida mortgage professional that can offer choices on FHA home loan products that help them attain the FHA financing. Given the important role that FHA mortgage loans are playing in today's market, we invite you to www.FHAMortgageFHAloan.com for your next Florida FHA mortgage.

Other FHA 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 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.

www.FHAmortgageFHALoan.com

FHA Mortgage Overview

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

The FHA mortgage 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.

A seasoned mortgage FHA loan professionals, we have the experience and expertise Florida FHA mortgage loans for home buyers and homeowners to get the right Florida FHA mortgage. The depth of FHA mortgage solutions available through a wide range of Florida property types and includes:

FHA Mortgage for traditional Florida single family home.
FHA Manufactured home loans for mobile homes tied to land.
Low rate FL FHA mortgage programs for FHA approved condominiums, town homes and PUD's.
Lending solutions for hard to finance properties such as a duplex, triplex or fourplex.
FHA Home Loans for luxury homes and for homes to-be-built.
FHA Mortgage loans designed for home buyers who want to purchase a modular home. .

Even in today's challenging Florida real estate market, there still remains a wide range of FHA Mortgage loans designed around meeting the FHA mortgage requirements for many borrowers just like you.

FHA Home Loan programs designed for First-Time FHA home buyers.
Special FHA home loan programs for:
- Nurses
- Police Officers
- Teachers
- Firefighters
FHA 203K Re-habilitation loan programs designed specifically for a Florida home in need of repair.
FHA Mortgage Low and no down payment mortgage products like the Florida FHA mortgage applicants with Bad Credit.

For first-time Florida home buyers, many Florida communities throughout the state continue to offer FHA mortgage programs that comply with down payment assistance programs. Though these funds can have limited availability, We work directly with Florida mortgage applicants to identify appropriate FHA mortgage loan, verify availability of funds, and help you determine FHA mortgage qualification requirements and whether your income would qualify you for this type of FHA down payment assistance program.

Understanding and having the ability to quickly identifying what FHA home loan programs are available for Florida residents continues FHAmortgageFHALoan.com success in the FHA mortgage industry. You can expect the highest quality in service and a responsive, caring FHA mortgage loan professional who can work from a diverse pool of FHA mortgage loan programs.

These FHA home loan programs include, but are not limited to, the following FHA Home loan programs.

The Florida FHA mortgage Loans
- FHA mortgage for Florida First time homebuyers.
- rate and term FHA refinance mortgage loans
- streamline refinancing for existing FL FHA mortgages
- Cash-out FL FHA mortgage loans
- The FHA 203K mortgage for Rehab
- government insured FHA Reverse mortgage

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

One of the most important features of the FHA home 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, FHA/HUD guidelines state that a credit score should not be used as a factor in qualifying Florida mortgage applicants an FHA loan. What does this mean for the Florida home buyer? People with lower credit scores can use the Florida FHA mortgage loan to attain 96.5% financing and a great low interest rate! But do you have great credit? That's OK, you'll still get a great low FHA 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 traditional home purchase!

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

FHA :: Mobile Homes ::

FHA Mortgages Loans down to a 530 FICO

1st Continental Mortgage — Fri, 04 Dec 2009 04:52:33 -0600

FHA Mortgages Loans down to a 530 FICO

Purchasing a new Florida home is exciting. Finding the right Florida home for you and your family requires a great deal of work and decision making. And, finding just the right FHA mortgage is just as important as finding the right home.

Many Florida first time homebuyers and moving up buyers take advantage of FHA loans when purchasing a Florida home. Our FHA mortgage FHA loan website can help you to learn about the benefits of a FHA mortgage Loan.

A FHA mortgage loan can be an attractive option to many Florida first-time homebuyers, as down-payment requirements for a FHA mortgage can be as low as 3.5% percent. And, the seller can pay up to 6% of your closing cost and prepaid. However, you don't need to be a Florida first-time buyer to take out a FHA mortgage; the only stipulation is that a purchaser may only have one FHA mortgage at a time. A summary of FHA home loan advantages include:

Minimal Down Payment and Closing Costs.

FHA 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 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.

www.FHAmortgageFHALoan.com

FHA mortgage Refinancing

The FHA also allows Florida current homeowners to obtain a FHA mortgage refinance. A FHA mortgage refinance makes it possible to lower your interest rate and your monthly mortgage payments. You may also take out cash from the equity in your Florida home to pay off debt or make home improvements, or avoid foreclosure on your Florida home. With many Florida homeowners currently facing interest rate resets, it's hard to keep up with the mounting monthly mortgage payments.

Florida Refinance with FHA mortgage, Florida FHA mortgage Refinance,

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.

History of the FHA

The FHA, or the Federal Housing Administration, was established by the government to improve housing conditions for Americans. The government established the FHA mortgage home loan in 1934 to improve existing housing standards and conditions. Prior to 1934, a down payment was typically 50 percent of the home's price and payments were stretched out between only 1-5 years. You can learn more about FHA loans from the Department of Housing and Urban Development.

How a FHA Mortgage Works

Federal housing administration or FHA does not lend the money; they simply insure private FHA Mortgage lenders will be paid to the lender if the Florida home buyer defaults. It is always the decision of the Florida mortgage lender (a bank, credit union, or savings and loan) to decide whether or not they will lend the money.

The FHA home loan program tends to be more forgiving than conventional mortgages in terms of past credit history. A past bankruptcy discharged as little as two years ago may not hinder a Florida homebuyer from qualifying for the FHA program.

Typically, FHA mortgages do not require more than a 3.5% percent down payment. Unlike traditional loans, this money may also be a gift to the Florida homebuyer and does not need to be secured as the homebuyer's own money. Often, there are "points" associated with FHA mortgages that are usually worth about 1 percent of the total mortgage value. These points are paid to lenders to help lower the interest rate of the mortgage.

Florida mortgage applicants will also have to pay PMI (private mortgage insurance) on the mortgage. PMI is used to ensure that the total amount of the mortgage will be paid to the lender if the buyer defaults. Usually, a PMI will not?? be put into effect until 20 percent of the mortgage has been paid.

FHA mortgages have no mortgage value cap. In other words, you can take out a FHA mortgage for $150,000 - $300,000 without any restrictions, other than credit applicability.

Closing costs on FHA (or conventional loans) are usually between 2-3 percent of the total mortgage amount and are the responsibility of the buyer. However, FHA closing costs can be financed into the total amount of the mortgage and paid off accordingly.

Learn more about the different types of FHA loans.

Qualifying For a FHA Mortgage

To be approved for a FHA mortgage in Florida , you must have a satisfactory credit history, which shows your commitment to paying off debts in a timely manner. Also, you must be able to prove that the total monthly mortgage payment will be less than 35 percent of your monthly income. The number arrived at after multiplying your total monthly income by 35 percent is referred to as PITI, or principle, interest, property taxes, and insurance. The PITI amount is the highest amount that your monthly mortgage payments may be. Furthermore, long-term debt, such as car loans and credit card balances, in addition to the monthly PITI amount cannot be more than 45 percent of your total monthly income. More information about loan qualifications is available from the FHA.

While these qualifications may seem a little stringent, they are actually more lenient than traditional mortgage qualifications. The decreased down payment makes this type of mortgage even more desirable for many people.

10 benefits for Florida FHA Mortgage Applicants

1st Continental Mortgage — Thu, 03 Dec 2009 15:46:20 -0600

10 benefits for Florida FHA Mortgage Applicants

There are several major benefits for Florida home buyers choosing an FHA Mortgage Loan if you're a Florida First-Time Home Buyer..

There have been several changes by HUD to the FHA Mortgage approval process over the years.

However, the main benefits that FHA provides Florida FHA mortgage applicants have remained consistent:

Max LTV 96.50% based on purchase price - not including financed MIP (Mortgage Insurance Premium)

Low monthly FHA mortgage insurance, with no adjustments due to low credit scores

Less conservative credit requirements/scores, with no adjustments to interest rate

Gift funds of 100%

Flexible Asset Sources

6% seller contribution

Non occupying co-borrowers allowed

Most investors do not have declining market policy for purchase and rate/term refinance

Manual underwrite allowed

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.

http://www.fhamortgagefhaloan.com/

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!

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.

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.

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!

FHA mortgage Florida ,FHA mortgage, Florida FHA mortgage

FHA loan to purchase a Florida home can be the best decision you make

1st Continental Mortgage — Thu, 03 Dec 2009 05:16:10 -0600

Florida FHA Loan, Florida FHA Mortgage

For Many Florida homebuyers FHA home loan is the only option.

The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Here are just some Examples of how FHA can help you buy a home,

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 2 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.

http://www.fhamortgagefhaloan.com/

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

For first time home buyers and other borrowers, the FHA home loans can have key advantages:

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.

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

FHA Home Loans Offer the Convenience of Streamlined Refinance

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

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.

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.

FHA 203k Mortgages For Florida Homeowners Making Home Improvements

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

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!

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?

http://www.spike.com/blog/florida-fha-mortgage/71703

Change Your Life with an FHA Home Loan

1st Continental Mortgage — Wed, 02 Dec 2009 04:50:32 -0600

Change Your Life with an FHA Home Loan

If you are a Florida first-time home buyer or have bought a Florida home before and have less than perfect credit you have come to the right place. At http://www.FHAmortgageFHALoan.com our FHA mortgage Loan Specialists will take you through the FHA home loan process step-by-step.

With an FHA mortgage Loan you can:

•· Purchase a Home with only 3.5% down payment.

•· Remodel Your Home

•· Make Home Repairs

•· Make Energy-Efficient Improvements

FHA Loans are guaranteed loans, which means that FHA mortgage lenders will offer you lower, more affordable rates. Even if you have less than perfect credit or are a Florida first time home buyer, an FHA Loan can help you save money on the Florida home of your dreams.

FHA mortgage Florida , FHA loan Florida

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 3 years after a Foreclosure.

Higher Debt Ratio's than other home loan programs.

Less than two years on the job is allowed.
Self-Employed individuals o.k.

http://www.fhamortgagefhaloan.com/

FHA Loan Programs Florida

At one point and time many years ago, the FHA loan was the only alternative to local bank financing for Florida 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 home loan is becoming popular again with Florida Home Buyers for its low rates and the real security it provides Florida mortgage applicants.

For Florida first time home buyers and other borrowers, the FHA home loans can have key advantages:

Easy Qualification - The FHA mortgage insures lenders against loss for loans made to properly qualified FHA home loan borrowers. So you're likely to find FHA loan with terms that make it easier for you to qualify.

Minimal Downpayment Requirements - FHA loans can work with as little as 3.5% 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 mortgage 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 mortgage rates are extraordinarily competitive. FHA's lower risk to the lender means a better rate for the borrower.

Safeguards for FHA Mortgage applicants Who Get Behind - The Florida FHA 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 FHA Mortgage 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 home loan.

Manufactured Housing - Under certain conditions, you can even finance a Mobile Home or manufactured home using a Florida FHA home 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 Mortgages Are Fully Assumable - When you are ready to sell your Florida 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 or Refinancing a Florida Home

FHA Home Loans Offer the Convenience of Streamlined Refinance

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

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 FHA 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.

Few people realize that the FHA mortgage 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.

FHA 203k Mortgages For Florida Homeowners Making Home Improvements

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 FHA 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

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 Home loans in these 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

Florida FHA home loan, Florida FHA mortgage lender,

1st Continental Mortgage — Tue, 01 Dec 2009 17:07:04 -0600

Florida FHA Mortgage Programs

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 3.5% 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 1 year after a Bankruptcy.
- FHA will allow a home purchase 2 years after a Foreclosure

http://www.fhamortgagefhaloan.com/

Florida FHA Fixed Rate Mortgages

FHA fixed-rate mortgages, or Section 203(b), are the most common and popular type of Florida FHA mortgage. The interest rate does not change with a fixed-rate mortgage. A fixed-rate Florida FHA mortgage insures the Florida mortgage lender for the total amount of the Florida mortgage in case the buyer defaults. This type of Florida mortgage requires a smaller down payment than a conventional mortgage would require. The typical down payment for a fixed-rate mortgage is 3.5 percent of the total amount borrowed. A fixed-rate Florida mortgage can offer a lower interest payment if the mortgage is taken out during a period of low-interest rates. A fixed-rate mortgage can also offer stability; your monthly payments will be the same for the life of the mortgage. Fixed-rate mortgages can be taken out for a period of 15, or 30 years.

Florida FHA Adjustable-rate loans

FHA adjustable-rate Florida mortgages, or Section 215, have interest rates that increase and decrease, depending on the current federal index. An adjustable-rate Florida mortgage, or ARM, is attractive because interest rates are initially lower than interest rates on a fixed-rate Florida mortgage. Several factors are used to calculate an ARM, all of which can affect the interest rate. Typically, an ARM is most appealing to Florida homebuyers who don't intend to stay in the purchased house for more than a few years, as interest rates tend to increase over time. An ARM is convenient if current interest rates are high, as ARM rates are lower than fixed rates. It may be more appealing to use an ARM once interest rates have peaked, as the subsequent interest charged over the life of the mortgage will most likely reduce, rather than increase, monthly payments.

FHA Teacher Next Door

HUD also know as The Department of Housing and Urban Development,, directly offers Florida Teacher-Next-Door program to approved teachers in the United States to purchase housing that has been acquired by FHA/HUD at a 50 percent discount. Typically, these Florida homes are offered in areas of revitalization, or areas found in low- and moderate-income neighborhoods that may have increased crime rates and many vacant houses but have been identified as good candidates for redevelopment efforts. Through HUD and FHA, teachers are able to purchase Florida homes at a 50 percent discount and are required to make only a $100 down payment if the house is financed with a FHA home loan.

FHA loan for the Officer Next Door

This special program is identical to the Teacher Next Door program, but it is for approved law enforcement officers of the United States. To qualify for the program, law enforcement agents must live in the purchased property for a minimum of three years.

FHA 203KRenovation Mortgages

The FHA 203K Renovation Mortgage allows Florida homeowners to borrow money to extensively renovate their Florida home. As much as 110% of the costs needed to repair and renovate the Florida home can be financed. There are restrictions as to what types of repairs or renovations can take place, and the minimum amount of the 203(k) is $5000.

Special FHA Program: FHA Bridal Registry Program

Like a bridal registry for specialty and department stores, the FHA Bridal Registry program allows a couple to register with a Florida FHA lender. Friends or family of the couple can make gift payments into an account that bears interest. The money gifts earn interest, and can be used as a down payment towards a FHA mortgage on a new Florida home.

Florida FHA loan (((down to a 530 FICO)))

1st Continental Mortgage — Mon, 30 Nov 2009 06:06:02 -0600

We offer 97% financing in all of Florida with a 530 Minimum FICO,

Most banks and other FHA lenders now require a 640.

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 530.
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.

http://www.fhamortgagefhaloan.com/

Since the 1930s, the Federal Housing Administration (FHA) has been helping Florida families become homeowners with a set of loan programs commonly known as FHA mortgage loans. Despite the longevity and popularity of these FHA loan programs, many would-be Florida homeowners don't really know all they should about them.

The FHA is an agency of the Federal government that insures private FHA loans that are issued for new and existing housing as well as FHA loans approved for home repairs. Formed in 1934 by Congress FHA became part of the Department of Housing and Urban Development's Office of Housing (HUD) in 1965. Today the FHA mortgage acts as a buffer to FHA lenders by reducing their risk in issuing FHA loans as well as helping Florida mortgage applicants get amounts for FHA home loans that they qualify for.

FHA mortgage loans are not just for Florida first time buyers and are available to Florida mortgage applicant looking to purchase or refinance a Florida home. If refinancing a Florida home the current Florida mortgage loan Does NOT have to be an FHA loan.

The most popular FHA home loan program nationwide is the 203(b) FHA home loan that only requires a minimum of 3.5% down payment from the Florida mortgage applicant and permits 100% of their money needed to close to be a gift from a relative, non-profit organization, or government agency.

Today, FHA plays a critical role in financing for Florida mortgage applicants , first time home buyers, Florida mortgage applicants who have troubled credit history, and Florida borrowers who have little money to put down on a home.

Funding

The FHA performs entirely through its self generated income and costs nothing to the taxpayer. The proceeds from the FHA mortgage insurance paid by the Florida homeowners are captured in an account that is used to operate the program entirely. The FHA mortgage provides a huge economic stimulation to the country in the form of home and community development, which trickles down to local communities in the form of jobs, building suppliers, tax bases, schools and other forms of revenue.

Upside

The main advantage of having an FHA home loan is that the credit criteria for a Florida first time borrower is not as strict as Conventional Loans sold to Fannie Mae (FNMA) or Freddie Mac (FHLMC). Florida mortgage applicants who may have had a few credit problems or no traditional credit should not have a problem obtaining FHA financing.

Another advantage of FHA home loans are they are assumable, allowing a person to take over the mortgage without the additional cost of obtaining a new loan. In addition, the seller or lender must pay part of the traditional closing costs (called non-allowable costs) while a borrower's allowable costs can partially be wrapped into the loan.

The monthly mortgage insurance premium is cheaper for an FHA loan versus a conventional loan with 3.5% down.

Florida FHA mortgage Refinance ((No Min FICO))

1st Continental Mortgage — Mon, 30 Nov 2009 06:02:44 -0600

Florida FHA mortgage Refinance, Florida Refinance with FHA mortgage,

http://www.fhamortgagefhaloan.com/

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 www.FHAMortgagePrograms.com

http://www.fhamortgagefhaloan.com/

Florida FHA Mortgage Refinancing

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!

Serving all of Broward County Florida Including the cities of Coconut Creek, Cooper City, Coral Springs, Dania Beach, Davie, Deerfield Beach, Fort Lauderdale, Hallandale Beach ,Hillsboro Beach, Hollywood, Lazy Lake, Lauderdale-By-The-Sea ,Lauderhill ,Lauderdale Lakes, Lighthouse Point, Margate, Miramar, North Lauderdale, Oakland Park, Parkland, Pembroke Park, Pembroke Pines, Plantation, Pompano Beach, Sea Ranch Lakes, Southwest Ranches, Sunrise, Tamarac, Weston, West Park, Wilton Manors, Broward Mortgage Lender, Broward Mortgage, Broward home loans, Broward Mortgage, Broward FHA loan, Miami FHA loan, Miami FHA home loan, Miami FHA home mortgage, Florida FHA loan limits, Miami FHA home loans, Miramar Mortgage, ,Orlando FHA Mortgage, Orlando Mortgage Lender, St Petersburg FHA loan, Pinellas FHA mortgage, Pasco FHA mortgage, Sarasota FHA mortgage, Collier FHA mortgage Loan, Collier FHA mortgage , Broward County FHA mortgage Lender, lee County FHA mortgage, Florida FHA lending limits, Fort Lauderdale FHA loan, FHA mortgage Fort Lauderdale, FHA lending limit, Palm Beach FHA loan, Broward Refinance, Florida Broward, Dade, Palm Beach,

http://www.trulia.com/blog/jim_mike/2009/04/fha_loan_miami_fha_loans

http://www.fhamortgagefhaloan.com/

http://www.trulia.com/blog/tommy_miller/2009/04/fha_home_loan_florida_pr

http://www.trulia.com/blog/phil_myers/2009/05/florida_fha_loan_florida

http://www.trulia.com/blog/tom_miller_2/2009/03/miami_fha_mortgage_miami

http://www.merchantcircle.com/blogs/1st.Continental.Mortgage.954-391-8387/2009/7/Florida-FHA-mortgage-Florida-FHA-loan-/286566

http://www.trulia.com/blog/john_miller_1/2009/05/jacksonville_fha_mortgag

http://www.trulia.com/blog/allen_rodgers/2009/05/clearwater_fl_mortgage_l

http://activerain.com/blogsview/1045148/Tampa-FHA-Home-loan-Tampa-FHA-mortgage-TampaFlorida-home-loans

FHA Home loan Florida ((down to a 530 FICO))

1st Continental Mortgage — Fri, 27 Nov 2009 08:25:30 -0600

FHA Loan Florida

The FHA home loan is a very popular route for Florida first time homebuyers. But it's not reserved only for Florida first time home buyers. You can buy your third or fourth Florida home with an FHA home loan. The only stipulation is that you may only have (1) one FHA home loan at a time.

Today, the FHA mortgage program plays a critical role in financing for minority Florida mortgage applicants,, first-time homebuyers, borrowers who have troubled credit history, and Florida mortgage applicants who have little money to put down on a home.

FHA Mortgage Loans allow for Florida homebuyers to buy a home with a low 3.5% down payment, have great interest rates due to being insured by the ( FHA)Federal Housing Administration, allows for less than perfect credit and makes it much easier to qualify due to FHA insuring the home loan.

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

Easy Qualification - The FHA home 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 home loans can work with as little as 3.5% 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 home loan 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 FHA home 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 home loan! 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.

At one point and time many years ago, the FHA home 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 home 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 Offer the Convenience of Streamlined Refinance

So long as you have made your FL FHA home loan 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 home loan for Purchasing a Florida Home

Although Florida FHA home loans require additional paperwork, the reality is that applying for an FHA home 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.

FHA home 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 home loan Refinance

Programs for Cashing Out Equity

Unlike many conventional loan programs, the FHA home loan 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.

FHA home loan 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.

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 home loan 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.

FHA 203k Mortgages For Florida Homeowners Making Home Improvements

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

Target FHA home loan Borrowers for FHA 203K Mortgages

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!

Bad Credit Florida FHA Loans down to a 530 FICO

1st Continental Mortgage — Fri, 27 Nov 2009 05:59:52 -0600

Bad Credit FHA Loans down to a 530 FICO

Bad Credit FHA Purchases (Min 530 score)

•o 12 months cancelled checks or Management VOR

•o Must have 3 open and active tradelines for last 12 mths

•o Payment shock limited to 1.5 times

•o 35/45 Max DTI

•o No late's or collection in last 12 months

•o NO late's after BK

http://www.fhamortgagefhaloan.com/

Bad Credit Florida Mortgage Lender

Getting a Bad Credit Florida Mortgage with Bad Credit isn't as easy as it was a year or two ago. However, it isn't as impossible as some news reports make it seem. Even Floridians with bad credit reports which reveal past financial sins still sometimes get to the promised land of mortgage approval. Most Home Buyers and Refinance clients do so with the help of a skilled and experienced Florida mortgage lender who specializes in Florida bad credit home mortgages.

If you have what is known in general as bad credit, and you are trying to obtain a home loan in Florida, then we encourage you to work with an experienced Mortgage Lender with a record of funding even the most difficult loans.

At 1st Continental Mortgage, we have been helping borrowers with bad credit find the right lenders, gather their loan documents, and present complete loan packages to lenders for over a decade. Our technique really comes down to understanding what a underwriter is looking for and putting together a complete and thorough loan package.

For some borrowers, it's the only way to get a lender to say yes to a home loan. This is especially the case for a borrower with bad credit mortgage issues.

At 1st Continental Mortgage, we know that a temporary set back like a job loss or car accident can leave you with damaged credit even though you have worked hard to meet all of your financial obligations for most of a lifetime. This episode can affect credit ratings quickly and adversely affect the loan process when applying for your Fl home mortgage.

We feel the borrower with less than perfect credit is the one who benefits the most from working with an experienced Florida mortgage lender. A good Florida mortgage lender knows which lenders have the best programs for borrowers with poor credit and knows how to present an application truthfully and ethically in the strongest light possible. No, we won't exaggerate or misrepresent the facts on your behalf; however, we will work to properly represent you and explain why the situation you are in exists.

Your credit report is the key factor for many of the mortgages we offer, but it is not the only factor. With an experienced Florida Mortgage professional from 1st Continental mortgage working on your behalf, you may be pleasantly surprised at the bad credit home loan quote you get from our network of quality Florida lenders.

We can help you take an objective look at your home loan options regardless of your past credit history. Our experienced loan officers are very skilled at examining your credit report. And our Florida bad credit home loan specialists are happy to offer you free advice on how to clean up your credit report in preparation for your home loan process.

For some bad credit mortgage applicants, the hardest lifting takes place weeks before the mortgage application. It's never too soon to call 1-800-570-0448 to speak to one of our mortgage officers. If you have a weak credit report but want to get a mortgage or refinance your existing one, now is the time to get started. Use our quick application to find out more.

At 1st Continental Mortgage, we have excellent rapport with many lenders who underwrite and service their own loans in house. Because they don't resell the loans they originate, these lenders can say yes to a borrower when banks that are more conservative have said no.

It's actually better for borrowers with bad credit right now than it was before 1990. Before 1990, if a borrower did not qualify for a conventional or government loan, he or she was out of home loan options. The emergence of lenders willing to serve those with poor credit has been a godsend for the borrower who recognizes that a bad credit home loan is a temporary loan.

Used properly with good financial planning, a subprime home loan serves the bad credit borrower for 2-4 years while he or she demonstrates the discipline to pay financial obligations on time. Once the healthier financial pattern yields a higher middle credit score, the borrower can apply for a government insured FHA home mortgage or a fixed rate conventional mortgage.

Even for mortgage borrowers with bad credit, 1st Continental Mortgage has found ways to secure financing for a decade.

30 year fixed rate mortgages for persons with damaged credit to purchase homes;
Fixed rate mortgages with one, three, or five year Interest Only periods;
Limited opportunities on loans for purchasing or refinancing single and doublewide Mobile Homes on land for buyers with low FICO scores in Polk County and the other Florida counties we serve;
A range of Jumbo and Super Jumbo home loans for those borrowers seeking to purchase executive homes

Don't let credit dings prevent you from applying for a mortgage from one of Florida's fastest growing mortgage lenders. Call 1-800-570-0448 or apply for a Florida bad credit mortgage online using our quick application right now!

Florida Refinance with FHA mortgage, Florida FHA mortgage Refinance,

1st Continental Mortgage — Sun, 15 Nov 2009 12:13:05 -0600

Florida Refinance with FHA mortgage, Florida FHA mortgage Refinance,

http://www.fhamortgagefhaloan.com/

\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 Mortgage Refinance

Florida Debt Consolidation Refinance

Cash Out Refi in Florida

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.

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.

http://www.fhamortgagefhaloan.com/

FHA Mortgage Florida, 97% down to a 530 FICO

1st Continental Mortgage — Sun, 15 Nov 2009 09:22:25 -0600

FHA Mortgage Loan

The FHA mortgage program is a mortgage loan designed to assist every qualified and eligible Florida homebuyer with having the opportunity to qualify for the home of their dream. Insured by FHA the Federal Housing Administration, the FHA loan program provides prospective FHA mortgage applicants with tremendous opportunities. Offering FHA mortgage rates that are traditionally lower than conventional Freddie/Fannie home loans.

FHA Hone 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:

No Minimum FICO credit score
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.

www.FHAmortgageFHALoan.com

The FHA mortgage is fast becoming the Florida mortgage loan of choice for many Florida Home Buyers around Florida, including the areas we cover:

FHA maintains strict guidelines which limit wich Florida mortgage lenders can assist Florida home buyers and home owners like you. With such strict quality guidelines for Florida mortgage lender , you can know with confidence that you're dealing with a strong reputable Florida mortgage lender if they originates the FHA mortgage Program, they are a strong and reputable firm. our job is to place you in the right FHA Mortgage the first time, and the FHA home loan program is a solid foundation to your next Florida home loan.

benefits that homebuyers find with FHA include:

Down payment is much lower than any other mortgage only 3.5%
Interest Rates much Lower if you have had collections or past judgments.
Down Payment GIFTS ok from Family and Family Friends is Allowed.
Collections do NOT disqualify you from qualifying for an FHA home loan.
NO INCOME Limitations- This means EVERYONE is eligible for the FHA home loan program regardless of whether you're wealthy or poor, have owned a home before or are a Florida First Time Buyer.
No credit history is required to qualify for an FHA home Loan
Works with Grant and Charity organizations - You don't have to provide your own down payment.
Home Buyers - Seller paid closing costs are allowed.
Florida Home Owners - A cash out Refi with the FHA program is just fine.
Higher Debt to income ratios are allowed for eligible Florida mortgage applicants
Typically, there are NO Cash Reserve requirements.
Underwriting Flexibility that is based upon your credit not your credit score - Credit score is not even considered - 520? Hey, you may be eligible for the FHA Loan program!
Underwriting is done using both Automated and Manual review - This means if a loan makes sense, it doesn't matter what the computer says.
Overtime, Bonuses and Part Time Income can typically be used for qualifying for your FHA financing

The fact is, there are many good reasons Florida home buyers and Florida home owners consider an FHA home loan over other mortgage programs. Beyond just the Best FHA interest rate benefits, Most flexible qualifying guidelines and great terms, the FHA home loan gives you peace of mind.

The FHA home loan program is administered in such a way that it is actually designed to protect Florida homebuyers in times of hardship! How you ask? Unlike Sub-Prime or Bad Credit home loans, the FHA mortgage offers many different Foreclosure prevention programs that actually you keep your home.

FHA Effective INcome used for Qualifying

1st Continental Mortgage — Sat, 14 Nov 2009 06:54:33 -0600

FHA EFFECTIVE INCOME

FHA home loans are the easiest home loans to qualify for below we will explain how to FHA calculates income for FHA Mortgage applicants. You will also find procedures for calculating effective income, and requirements for establishing income stability.

But first here is a brief description of FHA home loan advantages

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 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.

www.FHAmortgageFHALoan.com

Calculating Income for an FHA Mortgage loan

FHA looks at the anticipated amount of income, and the likelihood of its continuance, must be established to determine an FHA mortgage applicants capacity to repay mortgage debt. The FHA mortgage applicants Income may not be used in calculating the FHA mortgage applicants income ratios if it comes from any source that cannot be verified, is not stable, or will not continue. This section describes acceptable types of income, procedures for calculating effective income, and requirements for establishing income stability.

FHA does not impose a minimum length of time a FHA mortgage applicants must have held a position of employment to be eligible. However, the FHA mortgage applicant must verify the FHA mortgage applicants employment for the most recent (2) two full years. If a FHA mortgage applicant indicates he or she was in school or in the military during any of this time, the FHA mortgage applicant must provide evidence supporting this claim, such as college transcripts or discharge papers. The FHA mortgage applicant also must explain any gaps in employment spanning one month or more. Allowances for seasonal employment, such as is typical in the building trades, etc., may be made if documented by the FHA mortgage lender.

To analyze and document the probability of continued employment, FHA mortgage lenders must examine the FHA mortgage applicants past employment record, qualifications for the position, previous training and education, and the employer's confirmation of continued employment. An FHA mortgage applicant who changes jobs frequently within the same line of work, but continues to advance in income or benefits, should be considered favorably. In this analysis, income stability takes precedence over job stability.

In some cases, an FHA mortgage applicant may have recently returned to the work force after an extended absence. In these circumstances, the borrower's income may be considered effective and stable provided the following conditions apply:

The FHA mortgage applicant has been employed in the current job for six months or more, and

B. The FHA mortgage applicant can document a two-year work history prior to the absence from the work force. Acceptable documentation includes traditional employment verifications, copies of W-2's or paystubs.

An example of an acceptable employment situation includes a person that took several years off of work to raise children and then returned to the workforce. Situations not meeting the criteria listed above may be considered as compensating factors only.

The income of each FHA mortgage applicant r to be obligated for the mortgage debt must be analyzed to determine whether it can reasonably be expected to continue through at least the first three years of the mortgage loan. If the borrower intends to retire during this period, the effective income must be the amount of documented retirement benefits, social security payments, or other payments expected to be received in retirement. No inquiry may be made regarding possible future maternity leave.

In most cases, the FHA mortgage applicant income will be limited to salaries or wages. Income from other sources can be included as effective income with proper verification by the FHA mortgage lender. Procedures for analyzing other acceptable income sources besides salaries and wages are described below:

Overtime and Bonus Income. Both overtime and bonus income may be used to qualify if the FHA mortgage applicant has received such income for the past two years and it is likely to continue. The FHA mortgage lender must develop an average of bonus or overtime income for the past two years, and the employment verification must not state that such income is unlikely to continue. Periods of less than two years may be acceptable provided the FHA Mortgage lender justifies and documents in writing the reason for using the income for qualifying purposes.

An earnings trend also must be established and documented for overtime and bonus income. If either type shows a continual decline, the FHA mortgage lender must provide a sound rationalization in writing for including the income for FHA mortgage applicants qualifying. If bonus income varies significantly from year to year, a period of more than two years must be used in calculating the average income.

Part-Time Income. Part-time/second job income, including employment in seasonal work, may be used in qualifying if the FHA mortgage lender documents that the FHA mortgage applicant has worked the part-time job uninterrupted for the past two years and will continue to do so in the future. Seasonal employment (e.g., umpiring baseball games in summer, working at a department store during the holiday shopping season) is considered uninterrupted and may be used in qualifying if the FHA mortgage lender documents that the FHA Mortgage applicant has worked the same type of job for the past two years and expects to be rehired during the next season. Income from a part-time position that has been received for less than two years may be included as effective income, provided the FHA mortgage lender justifies and documents that the income's continuance is likely. Income from part-time positions not meeting these requirements may be considered as a compensating factor only.

For qualification purposes, part-time income refers to jobs taken to supplement the FHA Mortgage applicant income from regular employment (i.e., a second job - not meaning primary jobs of less than 40 hours per week.) If a FHA mortgage applicants regular employment involves less than a typical 40-hour workweek, the stability of that income should be evaluated as any other regular, on-going primary employment. For example, a registered nurse may have worked 24 hours per week for the last year. Although this job requires less than 40 hours of work per week, it is the FHA mortgage applicant primary employment and is to be considered effective income.

We recognize that many low- and moderate-income families rely on part-time and seasonal income for day-to-day needs. Lenders must not restrict the consideration of such income sources in qualifying these borrowers.

Military Income. FHA mortgage applicants may use military income: In addition to base pay, military personnel may be entitled to additional forms of pay. Income from variable housing allowances, clothing allowances, flight or hazard pay, rations, and proficiency pay is acceptable, provided its probability of continuance is verified in writing. An additional consideration may be the tax-exempt nature of some of these payments (see paragraph Q for additional information.)

Commission Income. FHA mortgage applicants may us commission income but it must be averaged over the previous (2) two years. The FHA mortgage applicant must provide copies of signed tax returns for the last (2) two years, along with the most recent pay stub. (Unreimbursed business expenses must be subtracted from gross income.) FHA mortgage applicants whose commission income shows a decrease from one year to the next require significant compensating factors to allow for loan approval. FHA mortgage applicants with commission income received for more than (1) one but less than (2)two years may be considered favorably provided the underwriter is able to make a sound rationalization for acceptance and can document the likelihood of continuance.

FHA mortgage applicants who have commission income earned for less than (1)one year are not considered effective income. Exceptions may be made for situations in which the FHA mortgage applicants compensation was changed from a salary to commission within a similar position with the same employer. A FHA mortgage applicant also may qualify when the portion of earnings not attributed to commissions would be sufficient to qualify the borrower for the FHA mortgage.

Retirement and Social Security Income. Retirement and social security income require verification from the source (former employer, Social Security Administration) or federal tax returns. If any benefits expire within the first full three years, the income source may be considered only as a compensating factor.

Child Support, Alimony, or Maintenance Income. Income in this category may be considered as effective if such payments are likely to be consistently received for the first three years of the FHA mortgage. The FHA mortgage applicant must provide a copy of the final divorce decree, legal separation agreement, or voluntary payment agreement, as well as evidence that payments have been received during the last twelve months. Acceptable evidence of payment regularity includes cancelled checks, deposit slips, tax returns, and court records. Periods less than twelve months may be acceptable, provided the payer's ability and willingness to make timely FHA mortgage payments is adequately documented by the FHA mortgage lender.

Notes Receivable. A copy of the note must be presented to establish the amount and length of payment. The FHA Mortgage applicant also must provide evidence that these payments have been received consistently for the last twelve months, which may include deposit slips, cancelled checks, or tax returns. If the borrower is not the original payee on the note, the FHA mortgage lender must also establish that the FHA Mortgage applicant is now a holder in due course and able to enforce the note.

Employer Differential Payments. If the employer subsidizes the FHA mortgage payments through direct payments, the amount of the payments is considered gross income; it may not be used to offset the FHA mortgage payment directly, even if the employer pays the servicing lender directly.

VA Benefits. Direct compensation, such as for a service-related disability, is acceptable, subject to documentation from the VA. Education benefits, used to offset education expenses, are not acceptable.

Government Assistance Programs. Income received from government assistance programs is acceptable, subject to documentation from the paying agency, provided the income is expected to continue at least three years. If the income is not expected to be received for at least three years, such income may be considered as a compensating factor. (Unemployment income must be documented for two years. Reasonable assurance of its continuance is also required. This requirement may apply to individuals employed on a seasonal basis, such as farm workers, resort employees, etc.)

Interest and Dividends. Interest and dividend income may be used, provided that documentation (tax returns or account statements) supports a two-year history of receipt. This income must be averaged over the two years. Any funds derived from these sources and required for the cash investment must be subtracted before the projected interest or dividend income is calculated.

Mortgage Credit Certificates. If a government entity subsidizes the FHA mortgage payments, either through direct payments or through tax rebates, these payments can be considered as acceptable income if verified in writing. Either type of subsidy may be added to gross income or may be used to directly offset the FAHA mortgage payment before calculating the qualifying ratios.

Qualifying Rental Income. Rent received for properties owned by the FHA mortgage applicant is acceptable if the FHA mortgage lender can document that the rental income is stable. Examples of stability may include a current lease, an agreement to lease, or a rental history over the previous 24 months that is free of unexplained gaps greater than three months. (Student, seasonal, or military renters, or property rehabilitation would provide such an explanation). A separate schedule of real estate is not required for rental properties, provided all properties are shown on the URLA.

If the FHA Mortgage applicant resides in one or more units of a multiple-unit property and charges rent to tenants of other units, that rent may be used for qualifying purposes. However, projected rent of additional units only and not the owner-occupied unit(s) may be considered gross income only after deducting the HOC's vacancy and maintenance factor. They may not be used as a direct offset to the FHA mortgage payments.

Income from roommates in a single-family property to be occupied as the FHA mortgage applicants primary residence is not acceptable. Rental income from boarders is acceptable if the boarders are related by blood, marriage, or law. The rental income may be considered effective income if shown on the borrower's tax returns. Otherwise, the income only may be considered a compensating factor and must be documented adequately by the lender.

FHA home loans make it Easy to buy a Miami Florida home, 97% Financing

1st Continental Mortgage — Sat, 14 Nov 2009 05:47:18 -0600

FHA home loans make it Easy to buy a Miami Florida home.

Miami Dade FHA loan 97% Financing

Here are just a few reasons why Miami Homebuyers and homeowners should consider an FHA loan.

Minimal Down Payment and Closing Costs.

•· Down payment less than 3% 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 for an FHA loan at

http://www.FHAmortgagePrograms.com

For Miami Dade first time home buyers and other borrowers, the FHA home loans can have key advantages:

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 - The Miami 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 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 Miami Mobile 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 Miami 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 Miami 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 Miami 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!

No Money Down Programs for Miami Florida Home Buyers

For sure, it is much easier today to be a Miami Florida 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 Miami Florida 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% Miami 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 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 Miami 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 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! Miami 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 Miami 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 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 Miami 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!

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 Miami Florida home with no money down.

http://www.fhamortgageprograms.com/florida/Dade-County/

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Qualifying for an FHA mortgage is Easy with FHA.

1st Continental Mortgage — Sat, 14 Nov 2009 05:19:59 -0600

Qualifying for an FHA Mortgage

ANALYZING THE FHA MORTGAGE APPLICANTS CREDIT

Past credit performance serves as the most useful guide in determining an FHA mortgage applicants attitude toward credit obligations and predicting the FHA mortgage applicants future actions. An FHA mortgage applicants mortgage applicants who has made payments on previous and current obligations in a timely manner represents reduced risk. Conversely, if the credit history, despite adequate income to support obligations, reflects continuous slow payments, judgments, and delinquent accounts, strong compensating factors will be necessary to approve the loan.

When analyzing a mortgage applicants credit history, examine the overall pattern of credit behavior, rather than isolated occurrences of unsatisfactory or slow payments. A period of financial difficulty in the past does not necessarily make the risk unacceptable if the borrower has maintained a good payment record for a considerable time period since the difficulty. When delinquent accounts are revealed, the lender must document their analysis as to whether the late payments were based on a disregard for financial obligations, an inability to manage debt, or factors beyond the control of the borrower, including delayed mail delivery or disputes with creditors.

While minor derogatory information occurring two or more years in the past does not require explanation, major indications of derogatory credit-including judgments, collections, and any other recent credit problems-require sufficient written explanation from the borrower. The FHA mortgage applicants explanation must make sense and be consistent with other credit information in the file.

Neither the lack of credit history nor the mortgage FHA mortgage applicants decision not to use credit may be used as a basis for rejecting the loan application. We also recognize that some prospective FHA mortgage applicant may not have an established credit history. For those borrowers, and for those who do not use traditional credit, the lender must develop a credit history from utility payment records, rental payments, automobile insurance payments, or other means of direct access from the credit provider. The lender must document that the providers of non-traditional credit do, in fact, exist and verify the credit information. Documents confirming the existence of a non-traditional credit provider may include a public record from the state, county, or city records, or other means providing a similar level of objective confirmation. To verify the credit information, lenders must use a published address or telephone number for that creditor.

As an alternative, the FHA mortgage lender may elect to use a non-traditional mortgage credit report developed by a credit-reporting agency, provided that the credit reporting agency has verified the existence of the credit providers and the lender verifies that the non-traditional credit was extended to the applicant. The FHA Mortgage lender must verify the credit using a published address or telephone number to make that verification.

The basic hierarchy of credit evaluation is the manner of payments made on previous housing expenses, including utilities, followed by the payment history of installment debts, and then revolving accounts. Generally, the FHA mortgage applicant with no late housing or installment debt payments should be considered as having an acceptable credit history, unless there is major derogatory credit on his or her revolving accounts.

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 2 year after a Bankruptcy.
- FHA will allow a home purchase 3 years after a Foreclosure.

http://www.fhamortgagefhaloan.com/

When reviewing the FHA mortgage applicants credit and credit report, the FHA mortgage lender must pay particular attention to the following:

A. Mortgage Payment History or Previous Rentals . The payment history of the FHA mortgage applicants housing obligations holds significant importance in evaluating credit. The lender must determine the borrower's payment history of housing obligations through either the credit report, verification of rent directly from the landlord (with no identity-of-interest with the borrower) or verification of mortgage directly from the mortgage servicer, or through canceled checks covering the most recent 12-month period.

B. Undisclosed Debts/or recent debts. The FHA mortgage lender must ascertain the purpose of any recent debts, as the indebtedness may have been incurred to obtain part of the required cash investment on the property being purchased. Similarly, the borrower must provide a satisfactory explanation for any significant debt that is shown on the credit report but not listed on the FHA loan application. The FHA mortgage applicant must explain in writing all inquiries shown on the credit report in the last 90 days.

C. Past Collections and Judgments. Court-ordered judgments must be paid off before the FHA mortgage loan is eligible for FHA insurance endorsement. (An exception may be made if the borrower has agreed with the creditor to make regular and timely payments on the judgment and documentation is provided that the payments have been made in accordance with the agreement.) FHA does not require that collection accounts be paid off as a condition of mortgage approval. Collections and judgments indicate a borrower's regard for credit obligations and must be considered in the analysis of creditworthiness with the lender documenting its reasons for approving a mortgage where the borrower has collection accounts or judgments. The borrower must explain in writing all collections and judgments

D. Past Mortgage Foreclosures. An FHA mortgage applicants whose previous principal residence or other real property was foreclosed or has given a deed-in-lieu of foreclosure within the previous three years is generally not eligible for a new FHA-insured mortgage. However, if the foreclosure was the result of documented extenuating circumstances that were beyond the control of the borrower and the borrower has re-established good credit since the foreclosure, the lender may grant an exception to the three-year requirement. Extenuating circumstances include serious illness or death of a wage earner, but do not include the inability to sell the house because of a job transfer or relocation to another area.

E. Past Bankruptcies. A Chapter 7 bankruptcy (liquidation) does not disqualify a FHA mortgage applicants from obtaining an FHA-insured mortgage if at least two years have elapsed since the date of the discharge of the bankruptcy. Additionally, the borrower must have re-established good credit or chosen not to incur new credit obligations. The borrower also must have demonstrated a documented ability to responsibly manage his or her financial affairs. An elapsed period of less than two years, but not less than 12 months, may be acceptable if the FHA mortgage applicants can show that the bankruptcy was caused by extenuating circumstances beyond his or her control and has since exhibited a documented ability to manage his or her financial affairs in a responsible manner. Additionally, the FHA mortgage lender must document that the FHA mortgage applicants current situation indicates that the events that led to the bankruptcy are not likely to recur.

Past Chapter 13 bankruptcy does not disqualify a FHA mortgage applicant from obtaining an FHA-insured mortgage provided the FHA mortgage lender documents that one year of the payout period under the bankruptcy has elapsed and the borrower's payment performance has been satisfactory (i.e., all required payments made on time). In addition, the borrower must receive permission from the court to enter into the mortgage transaction.

F. Repayment plans though Consumer Credit Counseling FHA mortgage applicants participation in a consumer credit counseling payment program does not disqualify the FHA mortgage applicants from obtaining an FHA-insured mortgage provided the FHA mortgage lender documents that one year of the pay-out period has elapsed under the plan and the borrower's payment performance has been satisfactory (i.e., all required payments made on time). In addition, the borrower must receive written permission from the counseling agency to enter into the mortgage transaction.

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
Broward ::

Why Florida homebuyers should consider and FHA home loan?

1st Continental Mortgage — Fri, 13 Nov 2009 17:04:34 -0600

Why Florida homebuyers should consider and FHA home loan?

Why should Florida homebuyers choose an FHA mortgage?

There are many good reasons why Florida homebuyers to choose an FHA loan over a risky subprime or conventional home loan, especially if one or more of the following apply to you:

•· If you're a Florida first-time homebuyer or current Florida homeowner

•· If you want to keep your Florida monthly mortgage payments as low as possible

•· If you're worried about your Florida mortgage monthly payments going up

•· If you're worried about qualifying for a Florida home loan

•· Your a Florida homebuyer and you don't have perfect credit

•· Your a Florida homebuyer and If you don't have a lot of money to put down on a Florida home.

•· Your a Florida homebuyer and you're worried about what will happen if you fall behind on your payments

If any of these issuers describe you, then an FHA loan may be right for you. An FHA home loan mortgage offers many Florida homebuyers benefits and protections that you won't find in other mortgage loans including:

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 mortgage program in Florida, Visit

http://www.fhamortgagefhaloan.com/

FHA mortgage advantages to Florida homebuyers include

Lower rates: A Florida FHA loan has Better interest rates because the Federal government insures the loans for Florida FHA mortgage lenders..

Easier to qualify: Because FHA insures your Florida mortgage, Florida FHA lenders may be more willing to give you loan terms that make it easier for you to qualify.

If you have less than perfect credit: You don't have to have perfect credit to get a Florida FHA mortgage. In fact, even if you have had credit problems, such as a Foreclosure or a bankruptcy, it's easier for you to qualify for a Florida FHA loan than a conventional loan.

More protection to keep your Florida home: The Federal housing administration has been around since 1934 and will continue to be here Florida homeowners avoid Foreclosure. After you buyer your Florida home should you encounter hard times after buying your home, the FHA has many options to help you keep you in your Florida home and avoid foreclosure.

FHA does not make Florida mortgage loans to people for a Florida home and it does not set the interest rates on Florida mortgages it insures. FHA insures loans for Florida mortgage lenders against loss. For the best interest rate and terms on a Florida mortgage, you should compare Florida mortgages from several different Florida mortgage lenders. A Florida FHA-approved lender can help you start the Florida FHA home loan application process.

You may use an FHA home loan to purchase a Florida or refinance a new or existing Florida home 1-4 family Florida home, a Florida condominium unit or a Florida manufactured or Florida mobile home.

What types of Florida home loans does FHA offer?

FHA Fixed rate home loans - Most FHA loans are fixed-rate mortgages (loans). In a fixed rate mortgage, your interest rate stays the same during the whole life of the loan, normally 30 years. The advantage of a fixed-rate mortgage is that you always know exactly how much your monthly payment will be, and you can plan for it.

FHA Adjustable rate home loans - Most first-time homebuyers are a little stretched financially, so they want payments as low as possible at the beginning. With FHA's adjustable rate mortgage (ARM), the initial interest rate and monthly payments are low, but these may change during the life of the loan. FHA uses the 1-Year Constant Maturity Treasury Index (1 Yr CMT the most widely used index, to calculate the changes in interest rates. An index is a measure of interest rate changes that determine how much the interest rate on an ARM will change over time.

The maximum amount that the interest rate on your loan may increase or decrease in any one year is 1 or 2 percentage points, depending upon the type of ARM you choose. Over the life of the loan, the maximum interest rate change is 5 or 6 percentage points from the initial rate, again depending upon the type of ARM you choose. The advantage of an ARM is that you may be able to afford more house; because your initial interest rate will be lower, as will your payment.

FHA 203k Fixer upper home loans - Sometimes you might see a home you'd like to buy, but it needs a lot of work. The FHA 203K has an FHA home loan for rehabilitating and repairing single-family properties called the SF Rehabilitation 203k Loan program (203k). You can get just one FHA mortgage loan which includes the mortgage and the cost of repairs combined. The FHA mortgage amount is based on the projected FHA home value of the property with the work completed, taking into account the cost of the work. The advantage of this FHA home loan is that you can buy a home that needs a lot of work, but you still have only one FHA mortgage payment, and you can complete the repairs after buying the home.

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

FHA :: Mobile Homes ::

Florida Bad Credit Home Loan, FLorida Bad Credit Mortgage, 97% W/530

1st Continental Mortgage — Thu, 12 Nov 2009 19:15:24 -0600

Florida Bad Credit Home Loan, FLorida Bad Credit Mortgage, 97% W/530

Bad Credit FHA Mortgage In Florida

At FHAmortgageFHALoan.com its our goal is to make your Bad credit FHA home loan east- even if you have bad credit from past credit problems. That's why http://www.FHAmortgageprograms.com has partnered with several preferred, nationally recognized FHA mortgage lending partners that offer a range of FHA mortgage loan programs for Florida mortgage applicants with varying credit histories. We have helped many people across Florida with less than perfect credit get the home loan they need

Getting a Bad Credit Florida Mortgage with bad credit isn't as easy as it was a year or two ago. However, it is not impossible to get approved for a bad credit mortgage in Florida.. Even Bad credit Floridians with bad credit reports which reveal past financial troubles still qualify for a Bad credit Florida FHA mortgage. Most Florida FHA mortgage applicants get approved to purchase or refinance a Florida home with the help of a skilled and experienced Bad Credit Florida mortgage lender who specializes in Florida FHA bad credit home mortgages.

Florida FHA Loans Under 620 Credit Score

Refinance's ( Min 530 score)

o 0x30 on Mortgage

o 35/45 MAX DTI

o No cash in hand

o Tangible net benefit

o NO late's after BK

o NO consumer lates in last 6 mths

http://www.FHAmortgagePrograms.com

you are like millions of others Floridians to keep up with credit card bills, car payments and a student loan on a reduced, or non-existent income, you may think that a FHA home loan is out of reach. In truth, loans are more difficult to obtain these days, but you may be surprised that there are still ways to get a FHA home loan in Florida with bad credit.

Why buy a Florida home Now?
Now could be your best chance ever to own a Florida home. There is a ton of Florida homes on the market about 11 months worth as of July 2009, so there is a wide selection of Florida home to choose among, especially if you are flexible about where you are willing to live. And Florida homes have depreciated across the board an average of 24 percent since 2006, so there are lots of great deals at discount prices. And, on top of it add to that the lowest interest rates, and you have a perfect storm of opportunity for the Florida home buyer.

You can't get an FHA loan if you don't apply. But where should you look if you have Bad Credit? And you want to buy a Florida home?

Read on for a Few steps to get a FHA mortgage loan in Florida , even if you have bad credit.

Get in the Game
First, consider an FHA backed home loan. FHA loans are designed for Florid a mortgage applicants with less than stellar credit, and the interest rates at historic lows FHA loans are usually less expensive than rates on sub-prime loans, sometimes up to three percentage points less. Our database includes Bad Credit Florida FHA lenders.; reaching out to them is free and they can give you free advice and a quote or Florida mortgage pre-qualification.
Look for Help from Experts in Bad Credit Florida Mortgage Loans
While you are online, use one or more comparison shopping sites for bad credit Florida mortgage lenders. Typically, you enter your information just once for access by multiple Florida bad Credit mortgage lenders. Since these FHA mortgage lenders are focused on bad credit loans, they know the ins and outs of qualifying Florida mortgage applicants with low 500+FICO scores and which Florida mortgage lenders will accept which kinds of Florida Bad credit problems.
Improve your Odds by Forgoing Jumbo Loans
If your a Bad credit mortgage applicant , conventional mortgage lenders won't touch you with a ten-foot pole unless you have a huge down payment, more than 40%. Then you can get a loan of up to $417,000 and it can be underwritten electronically rather quickly. Otherwise, stay within FHA loan limits in your Florid area of choice.. That means a fairly modest Florida home is your best bet if you have a low down payment and some past credit problems Jumbo home loan financing is out there--but it's very hard to get-- you have to prove you can afford the higher monthly mortgage payments, a bad credit Florida mortgage lender that specializes in jumbo loans charges much higher mortgage rates.
Understand New versus Existing Florida Home Prices and Sales
There are two kinds of Florida homes on the market: you will fid existing homes and new Florida homes. Traditionally, the percentage of sales is about the same for both while the supply of existing Florida homes is larger. That may not be true in some areas. Florida , for example, is offering a $8,000 tax credit to those who buy newly-constructed Florida homes. In distressed Florida housing markets, deal-seekers may have to decide between negotiating with a struggling Florida developer or a bank entertaining a short sale. The short sale might be a better price but these transactions often take months and often fall through. If the Florida developer is still the legal owner of the new home the construction might be a faster way to g
Understand the Appraisal
Appraisals are independent evaluations of the value of the Florida home. If an appraisal comes in lower than your offer, you can still go forward with your Florida home purchase--but you are in an excellent position to negotiate a lower price on the Florida home of your choice.. If you are getting a Florida FHA mortgage loan, your purchase contract explicitly states via "HUD/FHA amendatory Clause" that you cannot be forced to complete a transaction if the Florida home appraises for less than the purchase price. If your Florida home appraisal comes in higher than the sales price, you still get to buy at the lower price if you have a valid Florida real estate contract and have obtained FHA mortgage financing.
Understand Interest Rates and Timing
Florida Bad credit mortgage loans are going to cost a few points more than loans for Florida mortgage applicants with solid credit history, so interest rates are especially important to those Florida Bad Credit applicants with poor credit. Currently, FHA interest rates are relatively low right now, they are fluid, which means that Florida bad credit mortgage applicants could end up with a higher interest rate if they dont act fast. One good thing about today's soft Florida real estate market is that, rather than asking for a price reduction from a Florida home owner, you can ask for them to pay enough points to buy your FHA bad credit mortgage loan rate down to something manageable. It shouldn't matter to the seller if they drop the price 5% or pay 5% to get you a good interest rate.

Remember, you can't win if you don't get in the game. so forget about rejection and start filling out some bad credit Florida mortgage loan applications

FHA loans make it Easy to buy a Florida home, ((97%w 530 FICO))

1st Continental Mortgage — Sun, 08 Nov 2009 11:58:16 -0600

FHA loans make it Easy to buy a Florida home.

The FHAhome loan is a loan insured by the Federal Housing Administration and may be issued by private Florida FHA Mortgage lender. FHA loans historically have allowed Florida homebuyers to qualify and borrow money for the purchase of a home when otherwise could not. These FHA loan programs however have become a lot more mainstream and popular after the subprime mortgage crisis.

www.FHAmortgageFHAloan.com

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.

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 loans with terms that make it easier for you to qualify.

Minimal Down payment Requirements - FHA loan can work with as little as 3% 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 - The Florida FHA home loan program exists to expand the pool of home buyers. Even borrowers with prior bankruptcies or mortgage loan lates get approved every day for FHA loans to buy or Refinance homes in. 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.

www.FHAmortgageFHAloan.com

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

Answers to Mortgage Questions

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

Many reasons why Florida homebuyers Choose FHA mortgage loans.

1st Continental Mortgage — Sun, 08 Nov 2009 10:58:16 -0600

Many reasons why Florida homebuyers Choose FHA mortgage loans.

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 Visit

http://www.fhamortgagefhaloan.com/

Without a doubt, there's a mortgage meltdown across Florida. Florida mortgage Lenders are going out of business, mortgage standards are getting tighter and mortgage applicants trying to buy to refinance a Florida home are finding that getting a loan is far more difficult today than it was a months ago.

The odd part of the situation is that mortgage rates remain low by historic standards. And there's plenty of mortgage money is available for qualified applicants -- it's just not available in some of the loan formats which have become so popular during the past few years.

One of the best choices available today for Florida homebuyers is nothing other than the FHA mortgage program. FHA home loans have been round since the 1930s, the FHA mortgage has traditionally been a great home loan choice for Florida first-time borrowers and for those with low and moderate incomes. Over time the FHA mortgage program has been expanded to the point where it should be considered by all Florida home the majority of all borrowers.

What makes the FHA mortgage so good over other home loan options? The FHA Home loan has helped over 30 million borrowers purchase a home? Here are 10 key reasons to consider FHA loans if you're in the market for real estate financing.

1. Unlike the toxic supreme home loan mortgage loans that have become so popular in the past few years -- the Florida home loans which have led to so many foreclosures -- the FHA mortgage loan is straightforward. There are no tricks, hidden fees, unexpected costs or dangerous payment increases. For the Florida homebuyer the FHA loan program for borrowers who want both financing and financial sanity.

2. FHA mortgage loans can often be used instead of subprime or Hard money financing. Why? FHA mortgage rates are typically way lower, And there are no prepayment fees and you can get fixed-rate FHA mortgage loans and lock-in today's interest levels.

3. FHA loans allow you to buy a Florida home with little down. The FHA mortgage program requires just 3.5% down to purchase a Florida home. Under certain conditions FHA home loan down payment money can be supplied in the form of the gift. Be aware that besides cash for a down payment and the seller can pay up to 6% of your closing cost.

4. Many conventional mortgage loans require Florida mortgage applicants to prove that they have cash reserves on hand at the time of closing. This means you may need thousands of dollars in savings in addition to the money required for down payment and closing costs and money saved for future mortgage payments. The FHA has no reserve requirement.

5. Under the FHA mortgage program Florida sellers are allowed to credit up to 6% of the sale price in the form of "seller contributions" to cover the Florida homebuyers closing cost and prepaid taxes and insurance. In a slow market -- a market where Florida home sellers make concessions to move Florida homes -- the seller contribution credit provided by owners can be used to pay buyer closing costs, maybe ALL buyer closing costs except for the down payment. Be aware that any seller paid closing cost must be in writing and part of the purchase agreement reviewed by lenders.

6. If you have been in a Bankrupt or in a past foreclosure, then you need to take a look at the FHA home loan. Under FHA rules, it's possible to qualify for an FAH home loan in as little as a year -- one year for a chapter 13 bankruptcy, two years for a chapter 7 bankruptcy and 3 years for a foreclosure.

7. The FHA mortgage may allow you to borrow much more than competing loans programs because it has unusually-liberal qualification standards. With the FHA mortgage you can spend as must as 50% of your gross monthly income towards all monthly obligations on your credit report..

8. You don't have to be a US citizen to get an FHA mortgage loan. The FHA guidelines says that the FHA home loan program is open to permanent resident aliens who can provide evidence of lawful permanent residency issued by the Bureau of Citizenship and Immigration Services (BCIS), a part of the Department of Homeland Security. Non-permanent resident aliens must show that they are eligible to work in the U.S. by producing an Employment Authorization Document (EAD) issued by BCIS.

9. You qualify for an FHA mortgage on the basis of your credit history, capacity to repay, cash to close and collateral. If you don't have traditional credit, you can show such items as utility payment records, rental payments, automobile insurance payments and other direct reports from credit providers.

10. FHA mortgage loans are offered nationwide by thousands and thousands of FHA mortgage lenders. Because FHA home loan are available from so many sources.

Apply for an FHA home loan today at= http://www.fhamortgagefhaloan.com/

FHA Home loan Florida, FHA Mortgage Florida, FHA loan Florida,

1st Continental Mortgage — Sat, 07 Nov 2009 07:54:25 -0600

FHA Home Loan Florida

http://www.fhamortgagefhaloan.com/ provides FHA home loans in every Florida city and county. We are approved by FHA/HUD to originate FHA mortgage loans. visit http://www.fhamortgagefhaloan.com/ FHA loan specialist with any questions. We are a FHA approved Florida lender with money to lend.

What is a FHA home Loan? Is it the right option for me? http://www.fhamortgagefhaloan.com/ is here to answer these questions. We specialize 100% in government-backed FHA home loan programs.

There are certain FHA guidelines you must adhere to in order to be pre approved for an FHA home Loan. You must collect all the required documentation, and submit the FHA home loan request to the underwriter. The FHA underwriter is the person who reviews your file and determines if you are approved for an FHA home Loan, denied, or suspended in your request for an FHA home Loan. You will also want to verify the Florida FHA Loan Limits in your area because they are always changing.

Many Florida FHA home loan Applicants borrowers looking for an FHA home Loan to purchase or refinance their current Florida home through the FHA. Many Florida FHA home Loan applicants have questions about what information our FHA home Loan Specialists will need to get them approved for FHA financing and what information will be required to process the FHA home Loan request.

FHA home Loan Documentation needed includes:

•· Drivers license

•· Your Social Security Number.

•· The addresses of all your residences over the past two years

The names of your employers over the past two years
Your current gross monthly salary
Names, addresses, and account numbers with balances on all checking and savings accounts
Addresses and loan information of any other real estate you owned
Estimated value of your furniture and personal property
W2's for the past two years and current paycheck stubs
Self-employed individuals will need to provide personal tax returns for the past two years and a current income statement and balance sheet for the business
Students will need to provide evidence of enrollment. If you have student loans, you need to provide verification information

Please remember that this is only a short list of common items required to obtain an FHA home Loan.

FHA mortgage Lender Florida , Florida Mortgage, Florida FHA Loan, FHA home loan, FHA mortgage refinance, FHA Mortgage Lender,

The FHA home loan Process make it Easy to buy a Florida home.

1st Continental Mortgage — Sat, 07 Nov 2009 07:28:34 -0600

FHA mortgage Lender Florida , Florida Mortgage, Florida FHA Loan, FHA home loan, FHA mortgage refinance, FHA Mortgage Lender,

The FHA home loan Process
Four easy steps to your FHA loan!

1. Applying for an FHA home loan.

Applying for an FHA home loan through FHAmortgageFHAloan.com is simpler than ever before. We have combined the speed and ease of the Internet with the hands on approach that our FHA home loan applicants have come to expect. Once you apply online for an FHA home loan, you are entered into our database where your FHA home loan is processed. Within 24 hours, your assigned FHA home loan officer will contact you, via e-mail or phone, to schedule your interview.

2. The FHA home loan Interview

During your FHA home loan interview your FHA home loan officer will go through your FHA home loan application to determine your eligibility. If you are unable to be pre-qualified at the time of application, your FHA home loan officer will offer you advice on how to improve your credit situation so that you may become eligible within weeks time. Within 20 minutes you will know the determination of your FHA home loan application! The FHA home loan telephone interview also serves as an excellent opportunity to get acquainted with your FHA home loan officer. Your FHA home loan officer plays an important role throughout the FHA home loan process. Good communication with your FHA home loan officer will increase your chances of FHA home loan pre-approval and speed the processing of your FHA home loan!

3. FHA FHA home loan Processing

The processing of an FHA home loan involves the gathering of documents to verify all information inputted in your FHA home loan application. This includes, but is not limited to; W2's, paystubs, credit report, bank statements, etc. When your FHA home loan pre-qualification is sent to you (after your interview) it will include a checklist that is specific to your file. This checklist will state all the items that you must submit to your FHA home loan officer in order to receive your FHA home loan commitment!

4. Closing your FHA home loan

The closing is the "end of the line" in obtaining a FHA home loan. At the closing you will sign all FHA home loan documents and take possession of your new home. If you are refinancing, you will not take possession of a new home, but you will get a lower interest rate, cash out, or both!

FHA loans make it Easy to buy a Florida home.

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.

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.

Answers to Mortgage Questions

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

http://www.trulia.com/blog/mike_brasco/2009/05/florida_fha_loan_florida

All about FHA Loans for Florida homebuyers -

1st Continental Mortgage — Sat, 07 Nov 2009 06:59:54 -0600

All about FHA Loans for Florida homebuyers -

The FHA home Loan program was created to help Florida homebuyers qualify for home. The FHA mortgage program makes buying a Florida home easier and less expensive than other types of Florida home loan programs. Some highlights of the FHA loan program include:

Minimal Down Payment and Closing Costs.

Florida buyers only need a Down payment less than 3.5%.
Gifts from Family and Friends for down payment OK!
No reserves or money saved in the bank is required.
FHA regulated closing costs.

Seller can credit up to 6% of sales price your costs.

Easier Credit Qualifying Guidelines such as:

Minimum FICO credit score of 530.
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 now at www.FHAmortgagePrograms.com

http://www.fhamortgagefhaloan.com/

What is an FHA home Loan?

An FHA home Loan is a loan insured against default by the FHA. In other words, the FHA guarantees that a lender won't have to write off a loan if the borrower defaults - the FHA will pay. Because of this guarantee, lenders are willing to make large mortgage loans.

Who Can Get an FHA home Loan?

Almost anybody can get an FHA loan. There are no income limits - like you may find with first time home buyer programs. However, there are limits on how much you can borrow. In general, you're limited to relatively small mortgage loans relative to home prices in your area. To find the limits in your region, visit HUD's Website.

To qualify for an FHA loan, you'll need to have reasonable debt to income ratios. In general, you have to be better than 29/41. In addition, you have to have decent credit. You don't need wonderful credit to get an FHA loan; it just needs to be decent.

Why are FHA home Loans so Great?

FHA home Loan are not for everybody. Nevertheless, they are a great help to some borrowers. FHA loans allow people to buy a home with a down payment as small as 3.5%. Other loans might not allow such a low down payment.

FHA loans offer a few other bells and whistles:

•· Easier to use gifts for down payment and closing costs

•· No prepayment penalty (a big plus for subprime borrowers)

•· An FHA loan may be assumable

•· Possible leniency during financial hard times

How do FHA home Loans Work?

The FHA promises to pay lenders if a borrower defaults on an FHA loan. To fund this obligation, the FHA charges borrowers a fee. Home buyers who use FHA loans pay an upfront mortgage insurance premium (MIP) of 1.5%. They also pay a small ongoing fee with each monthly payment.

If a borrower defaults on an FHA loan, the FHA uses collected insurance premiums to pay off the mortgage.

Why Not Use an FHA home Loans?

You may find that FHA loans are not for you. An FHA loan may not offer enough money if you need a large mortgage. In addition, the upfront mortgage insurance premium (and ongoing premiums) can cost more than private mortgage insurance.

•· See FHA Loan Pitfalls

In many cases, you can still buy a house with a very little down using a standard loan (not an FHA loan). In particular, home buyers with good credit can find competitive offers that beat FHA loans.

http://www.trulia.com/blog/bill_parker/2008/12/fha_loan_orlando_florida

FHA home loans for Buying a Florida home, ((97% w 550 FICO))

1st Continental Mortgage — Sat, 07 Nov 2009 06:43:43 -0600

FHA home loans for Buying a Florida home.

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 home loan program can simplify the purchase of buying a Florida home, making financing easier and less expensive than an other home loan program. 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.

Common FHA Mortgage Questions

Why should I apply for an FHA home loan?

There are lots of good reasons to choose an FHA home loan over other Florida mortgage programs, especially if one or more of the following apply to you:

You're a Florida first-time homebuyer.
You want to keep your monthly payments as low as possible.
You're worried about your monthly payments going up
You don't have a lot of money to put down on a house.
You're worried about qualifying for a loan.
You don't have perfect credit.

If any of these things describe you, then an FHA home loan may be right for you. Why? FHA home loans offer many benefits and a level of security that you won't find in other loans including:

Low cost: FHA home loans have competitive interest rates because the federal government insures the loans for lenders.

Lower down payment requirements: FHA home loans have a low 3.5% down payment and the money can come from a family member, employer or charitable organization as a gift.

Easier qualification: Because FHA insures your mortgage, FHA mortgage lenders may be more willing to give you FHA home loan terms that make it easier for you to qualify.

Less than perfect credit: You don't have to have perfect credit to get an FHA home loan. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA home loan than any other mortgage program.

More protection to keep your home: The FHA has been helping people since 1934. Should you encounter hard times after buying your home, the FHA has many options to keep you in your home and avoid foreclosure.

FHA insures loans for lenders against defaults - it does not lend money or set interest rates. For the best interest rate and terms on a mortgage, you should compare mortgages from several different lenders. An FHA-approved lender can help you start the loan application process.

You may use an FHA-insured mortgage to purchase or refinance a new or existing 1- to 4-unit home, a condominium or a manufactured or mobile home (provided it is on a permanent foundation).

What kinds of FHA home loans does FHA offer?

Fixed-rate loans - Most FHA home loans are fixed-rate mortgages (loans). The advantage of a fixed-rate mortgage is that your interest rate stays the same during the loan period, so you know exactly how much your monthly payment will be.

Adjustable rate loans - First-time homebuyers can be a little stretched financially. With FHA's adjustable rate mortgage (ARM), the initial interest rate and monthly payments are low, but these may change during the life of the loan. FHA uses the 1-Year Constant Maturity Treasury Index (CMT) to calculate the changes in interest rates. An index is a measure of interest rate changes that determine how much the interest rate on an ARM will change over time.

The maximum FHA home loan that the interest rate on your FHA home loan may increase or decrease in any one year is 1 or 2 percentage points, depending upon the type of ARM you choose. Over the life of the loan, the maximum interest rate change is 5 or 6 percentage points from the initial rate. The advantage of selecting an ARM is that you may be able to expand your house-hunting value range because your initial interest rate will be low, as will your payment. Click for a more in-depth explanation...

Purchase/Rehabilitation loans - Sometimes you might see a home you'd like to buy, but it needs a lot of work. FHA has a loan for rehabilitating and repairing single-family properties called the SF Rehabilitation Loan program (203k). You can get one loan which combines the mortgage and the cost of repairs. The mortgage amount is based on the projected value of the property with the work completed. The advantage of this loan is that you can buy a home that needs a lot of work, but have only one mortgage payment, and you can complete the repairs after buying the home.

How do FHA-insured loans compare to subprime loans?

Subprime loans are loans designed for homebuyers who don't have a strong credit history or can't qualify for a regular or prime loan. Lenders charge a high interest rate on subprime loans because the risk that a homebuyer may not make their payments is high. Because FHA insures the lender against this risk, the interest rates on FHA-insured loans are generally among the lowest in the market. Most subprime loans carry interest rates at least 3 percentage points higher than an FHA-insured loan. On a $100,000 mortgage, the monthly payment for a subprime loan would be over $200 a month higher than an FHA-insured loan.

The majority of subprime loans are also ARMs, where the interest rate can change a lot and greatly increase your monthly payments. Most FHA-insured loans are fixed-rate loans where the mortgage payment always stays the same. If you have an FHA-insured ARM loan, the rate can't go up by more than one or two points in a year. The fees that lenders charge their borrowers for processing a subprime loan are also generally higher than on an FHA-insured loan.

Most subprime loans carry a heavy prepayment penalty that you must pay if you want to refinance your loan to a lower interest rate. These penalties can cost you hundreds or even thousands of dollars. There is never a prepayment penalty on an FHA-insured loan. You can refinance at any time and not worry about paying any penalties.

Unfortunately, because they don't know these facts, many homebuyers who could qualify to buy a home with a fixed-rate FHA-insured loan only apply for subprime loans. Check out an FHA-insured loan before settling for a subprime loan!

How do FHA home loans compare to conventional loans?

Conventional loans usually require a larger downpayment than FHA and if you have less than perfect credit you may not qualify for an affordable mortgage with a low interest rate . The best thing to do is compare the cost of the conventional loan to an FHA-insured loan line-by-line. What are the fees for each? What is the interest rate? How much is the mortgage insurance? How much downpayment is required? For some borrowers, a conventional loan may be less expensive. For many others, getting an FHA-insured loan is the way to go.

Do you have to buy mortgage insurance on an FHA home loan?

Yes - as you will with most loans.

The Housing and Economic Recovery Act of 2008 provides for a one-year moratorium on the implementation of FHA's risk-based premiums beginning October 1, 2008. Consequently, effective with new FHA case number assignments on or after that date, FHA will no longer base its mortgage insurance premiums on a combination of credit bureau score and loan-to-value ratio. The new premiums (upfront and annual) to be implemented for all loans for which a case number is assigned on or after October 1, 2008, are described below. Mortgagee Letter 2008-16 is rescinded in its entirety. Please note that certain parts of that mortgagee letter are retained and reiterated in the guidance that follows.

UFMIP= Upfront Mortgage Insurance Premiums: FHA home loans will charge an upfront premium in an amount equal to the following percentages of the mortgage:

• Purchase Money Mortgages and Full-Credit Qualifying Refinances = 1.75 Percent

• Streamline Refinances (all types) = 1.50 Percent

• FHASecure (Delinquent Mortgagors) = 3.00 Percent.

Most home loans require mortgage insurance when your downpayment is less than 20% of the sales price. On conventional and subprime loans, mortgage insurance is provided by private companies. Whether private mortgage insurance is less than, equal to, or more than an FHA-insured loan's insurance will depend upon the loan program and your qualifications.

Compare the cost of FHA home loan home loan compare to subprime and conventional types of loans over the life of your loan. Then compare how much each one costs monthly. With the protection and value you get from an FHA home loan you will find it's a very good deal.

Clearwater Home loan: (97%w560+ FICO) Clearwater Fl FHA mortgage:

1st Continental Mortgage — Mon, 26 Oct 2009 07:57:46 -0500

Clearwater Home loan: Clearwater Fl FHA mortgage: : Clearwater Florida FHA Mortgage Loan

Providing mortgage solutions for those looking for an FHA loan in Clearwater Florida!

Clearwater Florida home buyers should know the many advantages of the FHA mortgage loan programs. Clearwater FHA loans were created to help increase home ownership. For the Clearwater 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 Clearwater 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 Clearwater Florida, give us a call 1-800-570-0448 or use our quick application to find out more about the many Clearwater FL mortgage programs we can make available. Or Apply now for a FL FHA home loan.

Many Clearwater 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 Clearwater Florida are concerned.

In a market such as Clearwater 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 maximum loan amount varies by which county in Clearwater Florida the property is located. The FHA mortgage may be used to purchase or refinance a single family home, 1-4 unit projects, Condos, PUDS, Modular and Manufactured homes.

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. To check your ratios, you can use this debt-to-income ratio calculator to see where your income fits in. 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 Clearwater 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 Clearwater 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.

Apply now for a Clearwater Florida FHA home loan.

Clearwater 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 Clearwater 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 ClearwaterFlorida 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 Clearwater first time home buyers and other borrowers, the FHA home loans can have key advantages:

Easy Qualification - The FHA loan insures Clearwater FL FHA 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 Clearwater FL homebuyers to qualify.

Less than A-1 Credit is Okay - The ClearwatervFlorida 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 ClearwaterFlorida FHA loan mortgages also allow the lender more options in helping Clearwater FL 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 Clearwater FL Mobile Home or manufactured home using a Clearwater 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 Clearwater FL home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified Clearwater Florida home buyers.

These are just seven of the many good reasons to apply for an FHA mortgage in Clearwater FL. 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.

http://www.FHAmortgagePrograms.com

http://www.fhamortgagefhaloan.com/

3.5% Down payment make FHA Loans are a good option Florida

1st Continental Mortgage — Mon, 26 Oct 2009 06:08:28 -0500

3.5% Down payment make FHA Loans are a good option Florida

For those who are looking for a Florida home loan you may have heard it can be difficult without a down payment of 20% or more. That is true but only in the traditional, conventional mortgage market. The good news for today's Florida home buyers is that The Federal Housing Authority (FHA) provides loan programs requiring as little as 3.5% down.

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.

FHA is a loan program that has been around since the 1930's but had fallen out of favor. Now however it has become the loan of choice for Florida homebuyers because of the many advantages versus conventional loans. What are the advantages of an FHA loan?

•§ FHA requires only 3.5% down payment

•§ Unlike conventional loans, the entire down payment may come from a family gift. Family members can help the buyer qualify too.

•§ Your FICO credit score has a minimal impact on qualification

•§ The FHA interest rates are very competitive versus conventional financing

•§ FHA approvals are easier to get

•§ The loan limits are very high ... In Hawaii, FHA loans can be as high as $793,750!

•§ No prepayment penalties

•§ FHA loans are assumable

FHA loans may be obtained through FHA approved banks, mortgage companies, and mortgage brokers.

http://www.FHAmortgagePrograms.com

http://www.fhamortgagefhaloan.com/