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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

http://www.trulia.com/blog/bobby_miller/2009/01/orlando_fha_mortgage_pro

http://www.trulia.com/blog/jack_miller/2009/02/orlando_fl_fha_mortgage__1

http://www.fhamortgageprograms.com/florida/Orlando/

http://www.merchantcircle.com/blogs/1st.Continental.Mortgage.800-570-5525/2009/7/Orlando-FL-FHA-Mortgage-Orlando-FL-FHA-Loan-97-w-540-FICO-/282216

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Miami Dade FHA Mortgage, ((97% Financing Down to 530 FIco))

1st Continental Mortgage — Sun, 25 Oct 2009 15:39:12 -0500

Miami Dade FHA loan 97% Financing, http://www.fhamortgagefhaloan.com/

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

•· 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 Debt Ratio&Job Requirement 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.

•· 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 www.FHAmortgagePrograms.com

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

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

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

Minimal Downpayment Requirements - Miami FHA mortgages can work with as little as 3% down and those funds can come from a family member, charity, or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that your 1st Continental Mortgage loan officer can point you to many Downpayment assistance programs that work well with Florida FHA home loans.

Less than A-1 Credit is Okay - 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.

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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 Loan Florida provides ((97% Financing with a 530 FICO))

1st Continental Mortgage — Sun, 25 Oct 2009 15:18:16 -0500

Florida Mortgage, Florida FHA Loan, FHA home loan, FHA mortgage refinance http://www.fhamortgagefhaloan.com/

For the Florida mortgage applicant the FHA mortgage program can simplify the purchase of a home, making financing easier and less expensive for Florida mortgage seekers. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed

Seller can credit up to 6% of sales price towards closing and prepaid costs.

100% Financing available

No reserves required.

FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

No minimum FICO score or credit score requirements.

FHA will allow a home purchase 2 year after a Bankruptcy.

FHA will allow a home purchase 3 years after a Foreclosure.

http://www.fhamortgagefhaloan.com/

FHA loans make it Easy to buy a Florida home.

FHA loans have been helping Florida mortgage applicants become homeowners since 1934. How does FHA help? The Federal Housing Administration (FHA) - which is part of (HUD), provides mortgage insurance to insure private lenders against loss. The mortgage insurance allows private Florida lenders to lend up to 97% of the purchase price and allows financing with No Minimum credit score requirement for Florida homebuyers.

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/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 loan Florida, FHA home loan Florida, (((97% w 530+ FICO)))

1st Continental Mortgage — Sun, 20 Sep 2009 11:44:07 -0500

FHA mortgage Lender Florida , Florida Mortgage, Florida FHA Loan, FHA home loan, FHA Mortgage Lender, Home :: FHA ::Florida Mortgage Lender, Bad Credit Mortgage,FHA Loans, FHA FAQ

Florida FHA Mortgage Loan

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

Florida home buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed
Seller can credit up to 6% of sales price towards closing and prepaid costs.
100% Financing available
No reserves required.
FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

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

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

Minimal Downpayment Requirements - FHA mortgages can work with as little as 3% down and those funds can come from a family member, charity, or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that your 1st Continental Mortgage loan officer can point you to many Downpayment assistance programs that work well with Florida FHA home loans.

Less than A-1 Credit is Okay - The Florida FHA home loan program exists to expand the pool of home buyers. Even borrowers with prior bankruptcies or mortgage lates get approved every day for FHA mortgages to buy or Refinance homes in Hillsborough County or any of the other Florida counties we serve. The FHA loan program uses credit quality, not credit score!

Lower Cost Over the Life of the Loan - The Florida FHA home loan rates are extraordinarily competitive. FHA's lower risk to the lender means a better rate for the borrower.

Safeguards for Borrowers Who Get Behind - The Florida FHA loan mortgages also allow the lender more options in helping borrowers who fall behind keep their homes are get current again: special forbearance, workouts, even free mortgage counseling. Further, HUD can allow the lender to take past due payments and move them to the end of the loan and in some instance will actually pay your past due payments for you. Options to save your home you'll never get from a conventional loan! In an uncertain world, this is another excellent reason for you to get an FHA mortgage.

Options for Manufactured Housing - Under certain conditions, you can even finance a Mobile Home or manufactured home using a Florida FHA mortgage loan. Call 1-800-570-0448 to get pre-approved for a Florida FHA loan for manufactured housing or just use our quick application to learn more!

FHA Loans Are Fully Assumable - When you are ready to sell your home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified buyers.

These are just seven of the many good reasons to apply for an FHA mortgage. Call 1-800-570-0448 to speak with a friendly Florida FHA loan specialist now!

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

Many Floridians are confused about what types of loans are available to them. In the Florida real estate market that has been hit with large declining values, this is especially true. So, let me try to help you understand what is available to the average home owner or purchaser as far as FHA mortgage loans in Florida are concerned.

In a market such as Florida, FHA works great because even with the declining values that Floridian property owners have experienced, an FHA buyer can borrow up to 97% of the home's appraised value or purchase price -whichever is less. Apply now for a FL FHA home loan with a HUD approved Florida FHA lender.

The maximum loan amount varies by which county in 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. So again, make sure you ask your licensed Florida loan officer. Apply now for an FHA home loan.

Florida is considered a high closing cost state, which means the costs are at or above 2.1% of the sales price. One of the reasons for this is that Florida has a 1% Mortgage tax; even on a refinance, the state of Florida requires you to pay tax of 1% on the new mortgage amount.

FHA Loans in high closing cost states such as Florida can have a loan to value on a purchase of up to 98.75% if the property is valued at less than $50,000, and 97.5% for a value of $50,000, up to $125,000. For all values above $125,000, the rate is 97.15%.

FHA mortgages are insured with up front mortgage insurance, referred to as (UFMIP) and monthly mortgage insurance (MIP). UFMIP is 1.50% of the base loan amount excluding UFMIP, which can be rolled into the loan or paid all in one shot at close. FHA/HUD charges an annual premium which is split into 12 payments - this is what is known as MIP.

Some Florida borrowers may be entitled to a partial refund of the UFMIP, if their loan closed on or after January 1, 2001, to pay off or refinance an FHA loan within five to seven years of its original closing date.

When making a decision on taking out a Florida FHA mortgage on your purchase or refinance of a home, you must make sure that you can qualify for this type of loan. So again, make sure that you work with an experienced FHA licensed Florida loan officer.

FHA loans require full documentation of income and assets. You will be required to show 2 months most recent pay stubs, 2 years W-2s and/or tax returns, a written verification of employment, as well as 2 most recent statements for all checking, savings, 401k, and like accounts with a verification of deposit from your bank. Also required is a 4506 form, which gives the IRS permission to verify your taxes.

You will also have to show verification of rent or previous mortgage history, and depending on your underwriter, you may have to show cancelled checks for the last 6 months to one year of rent or mortgage payments made. Due to the tremendous amount of fraud that has occurred in Florida, expect that all FHA loans underwritten on Florida homes will be scrutinized.

Apply now for a Florida FHA home loan

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

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?

Answers to Mortgage Questions

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

Florida MLS, FLorida MLS Listings, Florida Homes for Sale

1st Continental Mortgage — Thu, 09 Jul 2009 06:37:13 -0500

Floridamlshub.com offers an array of real estate for Florida MLS seekers to find including Florida land, commercial property, vacant lots, condos, Florida homes, and even hotels on Florida Beaches. With over a decade of experience Floridamlshub.com will provide all the information you need to purchase a Florida home. You can search the Florida MLS from the comfort of your own home.

The state of Florida is the nations leading destination in tourism with its year round warm temperatures, swaying palm trees white sandy beaches along the Gulf of Mexico. The state's population is continuing to grow with and new construction is popping up almost daily, allowing for increased home values and offering all types of real estate options&active listings for new Florida homebuyers. In Florida you will find Prestigious Florida schools such as the University of Florida in Gainesville, University of Miami and Florida State University in Tallahassee cover the state from top to bottom

FloridaMLShub.com Designed To Help You find the Florida home of your choice.

Over the years, Florida buyers and sellers have taken advantage of the Florida MLS Hub to locate and sell Florida real estate across Florida You'll find the property that's just right for you. Buyers and sellers alike say thanks to the Florida MLS database for the experience and knowledge. Florida MLS Hub offers buyers advice in popular areas such as:

Search Florida MLS for Single-Family homes

Florida single family homes are the most sought after homes on the Florida MLS. This is the most standard Florida property type which is designed to support just one dwelling. Florida single family homes do not include a common area as you'd find in a condominium complex and similar developments. Florida homes do not share walls with neighboring properties, and should have land separation from all sides of the property, as well as above and below. These are the cheapest properties to finance, as they are the norm and carry the lease amount of risk for Florida mortgage lenders.

Search Florida MLS for Condominiums for Sale

Florida condominiums are defined as the individual ownership of a building with access to common areas owned by all residents within the complex. Association fees must be paid to maintain, repair, and improve the common areas shared by residents, which typically include a pool, spa, tennis courts, walking paths, and more. Banks and lenders often finance condos at higher interest rates.

Search Florida MLS for Townhouses for Sale

A Florida Townhouses is a single family dwelling typically made up of two floors that shares side walls with nearly identical properties. Townhomes differs from a condominium in that no neighboring unit is above or below, Townhomes usually features an outdoor space in front and behind the property. It's similar to a condominium in that with a Townhouse tenants have access to a common area such as pool, spa, tennis courts and more. Many banks and lenders consider townhouses single-family residence, making Florida mortgage financing more affordable.

Search Florida MLS for Condotels

A "condotel" is a sort of hybrid condominium and hotel. Florida Condotels typically have registration desk daily cleaning services, food and telephone service, and operate as hotels despite the fact that units are owned individually. Condotels are purchased by investor and leased out to tenants and also feature short-term occupancy, although they can serve as long-term residences as well. Note that many mortgage lenders will not finance condotels. However we have access to lenders that will finance condo tells in Florida at www.FHAmortgagePrograms.com

Search Florida MLS for Florida Investment Homes

Florida Homes that are non-owner occupied, owned for the purpose of financial gain either through renting and/or appreciation. Even if the property is not a Florida income property, if the owner does not occupy the home, it is considered an investment property. Investment properties include single-family residences and multi-unit properties. Florida Multi-unit and Multifamily investment properties are among the most expensive Florida properties to finance.

Search Florida MLS for Manufactured Homes for sale No matter if you call it a factory built home, a manufactured home, a modular home, or a prefabricated home; smart Florida financing Mobile Home Buyers know that manufactured homes offer them comparable quality, lower costs per square foot and dramatically quicker build times than a traditional site built home. Often referred to as "mobile homes" or "trailer parks", these types of properties are constructed on a non-removable steel chassis which allows them to be transported. These homes are often located on leased land or owned land, such as in trailer parks and adhere to the Federal Construction Safety Standards Act (HUD/CODE). They provide low-income housing as well as lifestyle housing for groups such as senior citizens. Financing may be in the form of a personal property or traditional or FHA loans allow manufactured home buyers low interest rates compared to chattel loans or loans without the land included.

Search the Florida MLS for Modular Homes

Florida Modular home are similar to manufactured homes, though they adhere to building codes required by the specific state, county, and locality, and do not carry building or zoning regulations. They also differ from manufactured homes in that they don't have an axle or frame, and must be transported on a flat-bed truck or like vehicle.

Search the Florida MLS for Multi-Unit Properties

Florida Multi-unit properties can be primary residences or investment properties. A 2-unit property for example may be occupied by the owner in one unit, and a tenant in the other unit, defining it as a multi-unit primary residence. Or a 4-unit property may be solely occupied by tenants, defining it as a multi-unit investment property. Multi-unit properties carry additional financing, more substantial for 3-4 unit properties. Under FHA guidelines you can purchase a multifamily home up to 4 units with only 3.5% down payment.

Search Florida MLS for Second Homes and Vacations Homes

Florida Second Homes, also known as "Florida vacation homes" are residences typically found in recreation areas or resorts that serve as seasonal accommodation. Second homes are in owned in addition to a primary residence, and can be Florida condominiums, Florida townhouses, or Florida single-family residences. Florida Vacation homes are common near the beach, and may be rented out to other vacationers while not in use. Florida Financing is more expensive than single-family residences, but less than investment properties.

Florida FHA Condominium loan, ((97% W 540 FICO))

1st Continental Mortgage — Sat, 04 Jul 2009 06:26:29 -0500

FHA Loans for Florida Condominiums

Florida FHA Condo Loans Insured through FHA Section 234(c)

FHA loans | Florida FHA lending limits | Florida FHA mortgage application | Florida FHA condominium refinance | Florida FHA approved Condos

The FHA/HUD Section 234(c) of the National Housing Act provides authority to insure any mortgage covering a one-family unit in a project coupled with an undivided interest in the common areas and facilities which serve the project. The project may include dwelling units in detached, semidetached, row, garden-type, low- or high-rise structures. Generally these types of properties are referred to as Condominiums.

Florida Condominium buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida Condo buyer the FHA program can simplify the purchase of a Florida Condominium, making the p financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA condominium loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed
Seller can credit up to 6% of sales price towards closing and prepaid costs.
100% Financing available
No reserves required.
FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

- No minimum FICO score or credit score requirements.
- FHA will allow a home purchase 1 year after a Bankruptcy.
- FHA will allow a home purchase 3 years after a Foreclosure.

To take advantage of the FHA Condo loan in Florida, give us a call 1-800-570-0448 or use our quick application to find out more about the Florida Condominium loans for Florida condos, Condominiums, Townhomes and other Florida mortgage loans programs we can make available. Or Apply now for a FL FHA Townhome home loan.

FHA/HUD will insures mortgagees against losses on mortgage loans used for buying a Florida condo or to refinance individual Florida condom mum units in eligible FHA approved condominium projects provided that they meet certain guidelines.

A.	Project Eligibility. The Florida condominium project must be on HUD's approved condominium list.

B.	Applicant Eligibility. Eighty percent of the HUD-insured mortgages in a Florida condominium project must be the principal residence of the owners (owner-occupants).

C.	Maximum Insurable Mortgage: Same as Section 203(b) (except that the mortgage amount must be in multiples of $50). Check Florida FHA loan limits.

D.	Minimum Investment: Same as the FHA loan Section 203(b).

E.	Mortgage Term: Same as FHA loan Section 203(b).

F.	Mortgage Insurance Premium : Monthly .55 +Upfront MI of 1.75%

G.	Refinancing: Same as Section 203(b).

If the Condominium is not approved then the Lender may go through the "Spot Approval" process.

The following requirements must be satisfied before a spot loan is endorsed:

•	The Florida condominium project must be complete. There should be no ongoing or anticipated addition of any units, common elements, and/or facilities.

•	Control of the common areas of the project must have been turned over to the unit owners association for at least one year.

•	The Condominium association must provide evidence that the project has the appropriate hazard, liability and flood insurance.

•

Individual Condom mum units in the project must be owned in fee simple or be an eligible leasehold interest. The project's legal documents must provide for undivided ownership of common areas by unit owners. By virtue of this ownership, unit owners must have the right to use all facilities and unrestricted common elements.

•

The project's documents should not place any legal restrictions on conveyance. Any provisions that seek to limit the free transferability of title is generally unacceptable. Such restrictions include rights of first refusal and restrictive covenants. Certain governmental or nonprofit programs designed to assist in the purchase or rental of low- or moderate-income housing are exempted from the restrictions on conveyance provisions.

•	At least 90% of the units in the project must have been sold.

•	At least 51% of the units in the project must be owner-occupied.

•

No single entity may own more than 10% of the units in a project. "Entity" includes an individual partnership, corporation, limited liability company, limited liability partnership, joint venture, investor group or other natural or legal person qualified to hold an interest in real property. The 10% restriction does not apply when the ownership of less than three units would disqualify an otherwise eligible project.

•

HUD/FHA recognized that the 10% cap on the number of units that may secure FHA insured mortgages in a given project can place a small regime at a disadvantage, since only a few units will invoke the limit. Accordingly, a two-tiered system was established. For condominium projects having more than 30 units, no more than 10% of the units may have FHA insured loans at any given time. Florida FHA Condominium projects consisting of 30 units or less, can have up to 20% of the units encumbered by FHA insured mortgages under the spot loan rule.

Condominiums Frequently asked questions

1) Q. How do I find out if a Florida condo is on FHA's approved list?
A. Refer to this URL Hotspot for Approved Condos:

2) Q. How can I get a Florida Condominium approved?
A. The guidelines for submission of Condos are set forth in HUD Handbook 4150.1 Rev-1, Chapter 11. Generally, the necessary documentation is submitted to HUD by a mortgage lender. Since most mortgage lenders are familiar with the information necessary for HUD to process the request, we strongly recommend that individuals, such as buyers and builders, use the services of a lender to make the submission. use our quick application to find out more about the Florida Condominium loans for Florida condos, Condominiums, Townhomes and other Florida mortgage loans programs we can make available.

3) Q. Can I do a spot loan on a Florida FHA Condo? Can I get a waiver for any of the items on the Spot Loan Certification?
A. Spot Condo procedures are in Mortgagee Letter 96-41. Spot Condo procedures are in Mortgagee Letter 96-41. All requirements in the Mortgagee Letter must be met. If the lender needs a waiver on any of the items, the loan cannot be accepted using the Spot Loan process. The Florida Condominium project should be submitted for full review by HUD staff.

4) Q. Can I get a waiver if the owner-occupancy of a Florida Condo is under 51%?
A. No. The lender must certify in writing on company letterhead that at least 51% of the Florida condominium units are owner-occupied. The lender can rely on information provided on the Individual Condominium Unit Appraisal Report (Fannie Mae Form 1073).

5) Q. Can the Florida condominium association waive the right of first refusal restriction and get a condo approved? What about spot loans?
A. No for both. See handbook 4265.1, Appendix 24 8(e)

7) Q. How can I check the status of a Condo?
A. FHA Connection or Homeownership Center having jurisdiction; Processing time for Condos: 1 - 2 weeks.

See this URL Hotspot for Approved Condos

Answers to Mortgage Questions

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

FHA condominium loans in these Florida Communities:

Arcadia :: FHA condo loan Boca Raton :: condominium Boynton Beach :: Bradenton :: Brandon :: condominium Cape Coral :: condominium Clearwater :: Clewiston,
Crestview :: Daytona Beach :: condominium Deerfield Beach :: Deland :: Delray Beach :: Deltona :: Destin :: Englewood,Fort Pierce :: Ft. Lauderdale :: condominium Ft. Myers :: condominium Ft. Walton Beach :: Gainesville :: condominium Hollywood :: Homosassa Springs, condominium Jacksonville :: Key West :: condominium Kissimmee :: Lake City :: Lakeland :: Lynn Haven :: Marathon :: Marco Island, Melbourne :: condominium Miami :: Miami Beach :: condominium North Fort Myers :: North Miami Beach :: condominium Naples :: Ocala :: condominium Okeechobee Orlando :: Ormond Beach :: Osprey :: Palatka :: Palm Bay :: Palm Beach :: Palm Coast :: Panama City :: Pensacola, Pompano Beach :: condominium Port St. Lucie :: Punta Gorda :: Santa Rosa :: condominium Sarasota :: Sebastian :: Sebring :: Springhill, St. Augustine :: condominium St. Petersburg :: Tallahassee :: Tampa :: The Villages :: Titusville :: Venice :: condominium Vero Beach,
Wauchula :: Wesley Chapel :: condominium West Palm Beach :: Winter Park

Serving These Fine Florida Counties:

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

Florida FHA Loan, Florida FHA home loans, (((530 Min FICO)))

1st Continental Mortgage — Tue, 28 Apr 2009 20:48:19 -0500

Florida FHA Loan, Florida FHA home loans, (((530 Min FICO)))

•· 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 Debt Ratio&Job Requirement Guidelines such as:

•· No minimum Credit 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.

•· 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 Home Loan at www.FHAmortgagePrograms.com

http://www.fhamortgagefhaloan.com

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:

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.

Also providing Florida FHA loans, Florida FHA, Florida mortgages

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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!

Florida Mortgage Lender providing FHA loans in all of FLorida including the cities of:

Florida Cities with County

Alachua Alachua County	Altamonte Springs Seminole County	Anna Maria Manatee County
Apalachicola Franklin County	Apopka Orange County	Atlantic Beach Duval County
Auburndale Polk County	Aventura Miami-Dade County	Avon Park Highlands County
Bal Harbour Miami-Dade County	Bartow Polk County	Bay Harbor Islands Miami-Dade County
Boca Raton Palm Beach County	Bonita Springs Lee County	Boynton Beach Palm Beach County
Bradenton Manatee County	Brooksville Hernando County	Cape Canaveral Brevard County
Cape Coral Lee County	Casselberry Seminole County	Celebration Osceola County
Chipley Washington County	Cinco Bayou Okaloosa County	Clearwater Pinellas County
Clewiston Hendry County	Cocoa Brevard County	Cocoa Beach Brevard County
Coconut Creek Broward County	Coral Gables Miami-Dade County	Coral Springs Broward County
Crystal River Citrus County	Dania Beach Broward County	Davie Broward County
Daytona Beach Volusia County	Deerfield Beach Broward County	DeFuniak Springs Walton County
DeLand Volusia County	Delray Beach Palm Beach County	Deltona Volusia County
Destin Okaloosa County	Dunedin Pinellas County	Eagle Lake Polk County
Edgewater Volusia County	Edgewood Orange County	Eustis Lake County
Fort Lauderdale Broward County	Fort Meade Polk County	Fort Myers Lee County
Fort Myers Beach Lee County	Fort Pierce St. Lucie County	Fort Walton Beach Okaloosa County
Fruitland Park Lake County	Gainesville Alachua County	Greenacres Palm Beach County
Green Cove Springs Clay County	Gulf Breeze Santa Rosa County	Gulfport Pinellas County
Haines City Polk County	Hallandale Beach Broward County	Hawthorne Alachua County
Hialeah Miami-Dade County	Hialeah Gardens Miami-Dade County	Highland Beach Palm Beach County
Holly Hill Volusia County	Hollywood Broward County	Holmes Beach Manatee County
Homestead Miami-Dade County	Hypoluxo Palm Beach County	Indialantic Brevard County
Jacksonville Duval County	Juno Beach Palm Beach County	Jupiter Palm Beach County
Key Biscayne Miami-Dade County	Key West Monroe County	Kissimmee Osceola County
LaBelle Hendry County	Lake Alfred Polk County	Lakeland Polk County
Lady Lake Lake County	Lake Mary Seminole County	Lake Park Palm Beach County
Lake Wales Polk County	Lake Worth Palm Beach County	Lantana Palm Beach County
Largo Pinellas County	Lauderhill Broward County	Leesburg Lake County
Lighthouse Point Broward County	Longboat Key Manatee & Sarasota Counties	Longwood Seminole County
Maitland Orange County	Marco Island Collier County	Margate Broward County
Melbourne Brevard County	Melbourne Beach Brevard County	Miami Miami-Dade County
Miami Beach Miami-Dade County	Milton Santa Rosa County	Minneola Lake County
Miramar Broward County	Mount Dora Lake County	Naples Collier County
Neptune Beach Duval County	New Port Richey Pasco County	New Smyrna Beach Volusia County
Niceville Okaloosa County	North Miami Miami-Dade County	North Miami Beach Miami-Dade County
North Port Sarasota County	Oakland Park Broward County	Ocala Marion County
Ocean Ridge Palm Beach County	Ocoee Orange County	Okeechobee Okeechobee County
Oldsmar Pinellas County	Orange Park Clay County	Orlando Orange County
Ormond Beach Volusia County	Oviedo Seminole County	Palatka Putnam County
Palm Bay Brevard County	Palm Beach Palm Beach County	Palm Beach Gardens Palm Beach County
Palm Coast Flagler County	Palmetto Manatee County	Panama City Bay County
Pembroke Pines Broward County	Pensacola Escambia County	Pinecrest Miami-Dade County
Pinellas Park Pinellas County	Plant City Hillsborough County	Plantation Broward County
Pompano Beach Broward County	Ponce Inlet Volusia County	Port Orange Volusia County
Port St. Lucie St. Lucie County	Punta Gorda Charlotte County	Rockledge Brevard County
Royal Palm Beach Palm Beach County	St. Augustine St. Johns County	St. Augustine Beach St. Johns County
St. Cloud Osceola County	St. Pete Beach Pinellas County	St. Petersburg Pinellas County
Safety Harbor Pinellas County	Sanford Seminole County	Sanibel Lee County
Sarasota Sarasota County	Satellite Beach Brevard County	Seaside Walton County
Sebastian Indian River County	Sewall's Point Martin County	Shalimar Okaloosa County
Stuart Martin County	Surfside Miami-Dade County	Tallahassee Leon County
Tamarac Broward County	Tampa Hillsborough County	Tarpon Springs Pinellas County
Tavares Lake County	Temple Terrace Hillsborough County	Titusville Brevard County
Treasure Island Pinellas County	Valparaiso Okaloosa County	Venice Sarasota County
Vero Beach Indian River County	Wellington Palm Beach County	West Melbourne Brevard County
Weston Broward County	West Palm Beach Palm Beach County	Wilton Manors Broward County
Winter Garden Orange County	Winter Haven Polk County	Winter Park Orange County
Winter Springs Seminole County

Florida Home Loan Programs

Not two generations ago, it was difficult for home buyers in Florida to get a mortgage from their local financial institution without a 20% Downpayment. Few people could manage the savings required and many otherwise qualified Floridians didn't get approved for the funds to buy a home in Florida because they did not have the minimum Downpayment to qualify for a Florida Mortgage.

Although recent problems in the subprime market have made lenders more careful about how they extend credit, it's still very possible to buy a home in Florida with little or no money down. To learn more about our Florida home buyer programs, just give us a call at 1-800-570-0448 or use our quick application to inquire today!

With 10 plus years of helping home buyers and first time home buyers become homeowners, the skilled and experienced mortgage lenders of 1st Continental Mortgage can help you own a Florida home using these excellent no money down Mortgage programs:

106% Financing For Florida Home buyers - Closing costs in Florida vary but typically run from 4-6 percent of the value of the transaction. Using a 106% Florida mortgage is an excellent way to create a truly no money down home mortgage. Call 1-800-570-0448 to get pre-approved for this no money down program today! Quick Application!

105% Financing For Florida Home buyers - Right now sellers of homes are a little more flexible in dealing with prospective Florida home buyers because of the slower Florida housing market. That means 105% financing is often enough to produce a true no money down real estate transaction for the Florida real estate buyer, especially if your Realtor® can negotiate some help from the selling side. To learn more about our 105% mortgage programs, call 1-800-570-0448 or apply securely online for a no money down Florida mortgage. Quick Application!

103% Financing for Florida Home buyers - Having an experienced Mortgage Lender working with you and your Realtor® in structuring your offer to purchase is one way that many Florida home buyers get to the closing table with 103% financing. Our loan officers are standing by to answer any questions you might have about our mortgage programs for home buyers at 1-800-570-0448. Call now for a quote on 103% financing or any our other Florida lending no money down mortgage programs! We can get you a loan whether you're financing a modular home in Broward County or a single family block home in Orange County. We will make a fixed rate no money down home loan easy! Quick Application!

100% Financing For Florida Home Buyers - Interest rates are at historic lows and an oversupply of well built homes with high days on market! Florida home buyers should not let the lack of funds for a Downpayment make them miss what looks to be one of the best buying opportunities in Florida residential real estate in many years. A 1st Continental Mortgage representative will be happy to discuss how you can buy your Florida home with 100% finance lending. Call 1-800-570-0448, or inquire using our contact form for a no obligation quote on 100% financing from our best Florida lenders. Quick Application!

80/20 Financing For Florida Home buyers - Although private mortgage insurance is now deductible in many cases, many of our Florida mortgage clients want to avoid PMI but still get 100% financing. We have structured many combo loans with an 80% first mortgage and a 20% Second Mortgage or home equity line of credit to avoid PMI and still achieve a purchase money mortgage with no Downpayment requirements. Call 1-800-570-0448 or use our contact form for a quote on an 80/20 no money down combo mortgage to buy your Florida dream home. Quick Application!

97% Financing For Florida Home buyers - A few years ago a seller's agent faced multiple offers and could pit Florida home buyers against each other in a bidding war before accepting the highest and best offer. Now home buyers can drive through subdivisions in most Florida metros and find plenty of for sale signs. Motivated seller's agents are receptive and often willing to kick in 3 to 9% toward buyer's closing costs and Downpayment without a corresponding increase in the offered price. In this way, even 97% financing can become the way to buy a Florida home with very little money out of pocket. Call 1st Continental Mortgage right now at 1-800-570-0448 for full details on our 97% Florida mortgage loans. Quick Application!

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Cape Coral Mortgage, FHA Loan Cape Coral FLorida (((97% W/500+ FICO)))

1st Continental Mortgage — Sun, 26 Apr 2009 22:01:27 -0500

Cape Coral, FHA Home loan, Cape Coral FHA mortgage:: Cape Coral, Florida mortgage lender::

Cape Coral Mortgage

Cape Coral Florida real estate loans, FHA Program, & Cape Coral refinance mortgages.

You can finance Cape Coral FL real estate using our fast and easy Cape Coral mortgage application. As a Florida Mortgage Lender, we provide:

Refinance Loans for Cape Coral FL property
Cape Coral Florida Real Estate Mortgages
Cape Coral, FL Loan Limits
Cape Coral Construction Loans
30 & 15 Year Fixed Cape Coral FHA Loans
Jumbo Cape Coral Mortgages
Low Cape Coral Florida Interest Rates
Mobile Home Loan Programs
Cape Coral Pre-Foreclosure Help Available!

We're a local Cape Coral, FL Mortgage company that has money to lend. Apply for a Mortgage in Cape Coral, FL Today or call 1-800-570-0448!

Not two generations ago, it was difficult for home buyers in Cape Coral 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 Cape Coral 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 Cape Coral Florida with little or no money down. To learn more about our Cape Coral Florida home buyer programs, just give us a call at 1-800-570-0448 or use our quick application to inquire today!

No Money Down Programs for Cape Coral Florida Home Buyers

For sure, it is much easier today to be a Cape Coral 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 Floridians buy their homes with no money down at all.

Because most people who sell an existing home have some equity which can be applied to making the Downpayment on the new home, no down payment financing is most attractive to Cape Coral 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 Cape Coral Florida homeowner. Call 1-800-570-0448 or use our quick application to find out how simple it is to take advantage of 1st Continental Mortgage's excellent no money down mortgage programs.

With 10 plus years of helping Cape Coral home buyers and first time Cape Coral home buyers become Cape Coral homeowners, the skilled and experienced Cape Coral mortgage lenders of 1st Continental Mortgage can help you own a Cape Coral Florida home using these excellent no money down Cape Coral Mortgage programs:

106% Financing For Cape Coral Florida Home buyers - Closing costs in Florida vary but typically run from 4-6 percent of the value of the transaction. Using a 106% Florida mortgage is an excellent way to create a truly no money down home mortgage. Call 1-800-570-0448 to get pre-approved for this no money down program today! Quick Application!

105% Financing For Cape Coral Florida Home buyers - Right now sellers of homes are a little more flexible in dealing with prospective Florida home buyers because of the slower Florida housing market. That means 105% financing is often enough to produce a true no money down real estate transaction for the Florida real estate buyer, especially if your Realtor® can negotiate some help from the selling side. To learn more about our 105% mortgage programs, call 1-800-570-0448 or apply securely online for a no money down Florida mortgage. Quick Application!

103% Financing for Cape Coral Florida Home buyers - Having an experienced Mortgage Lender working with you and your Realtor® in structuring your offer to purchase is one way that many Cape Coral Florida home buyers get to the closing table with 103% financing. Our loan officers are standing by to answer any questions you might have about our mortgage programs for home buyers at 1-800-570-0448. Call now for a quote on 103% financing or any our other Florida lending no money down mortgage programs! We can get you a loan whether you're financing a modular home in Broward County or a single family block home in Orange County. We will make a fixed rate no money down home loan easy! Quick Application!

100% Financing For Cape Coral Florida Home Buyers - Interest rates are at historic lows and an oversupply of well built homes with high days on market! Florida home buyers should not let the lack of funds for a Downpayment make them miss what looks to be one of the best buying opportunities in Florida residential real estate in many years. A 1st Continental Mortgage representative will be happy to discuss how you can buy your Cape Coral 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 Cape Coral Florida lenders. Quick Application!

80/20 Financing For Cape Coral Florida Home buyers - Although private mortgage insurance is now deductible in many cases, many of our Cape Coral Florida mortgage clients want to avoid PMI but still get 100% financing. We have structured many combo loans with an 80% first mortgage and a 20% Second Mortgage or home equity line of credit to avoid PMI and still achieve a purchase money mortgage with no Downpayment requirements. Call 1-800-570-0448 or use our contact form for a quote on an 80/20 no money down combo Cape Coral mortgage to buy your Cape Coral Florida dream home. Quick Application!

97% Financing For Cape Coral Florida Home buyers - A few years ago a seller's agent faced multiple offers and could pit Cape Coral Florida home buyers against each other in a bidding war before accepting the highest and best offer. Now home buyers can drive through subdivisions in most Cape Coral Florida metros and find plenty of for sale signs. Motivated seller's agents are receptive and often willing to kick in 3 to 9% toward buyer's closing costs and Downpayment without a corresponding increase in the offered price. In this way, even 97% financing can become the way to buy a Cape Coral 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% Cape Coral Florida mortgage loans. Quick Application!

Many First Time Home Buyers Are Eligible For No Money Down Cape Coral Mortgage loans

You may be pleasantly surprised how much money the same amount you are spending on rent every month can buy if you apply it toward a low fixed rate Cape Coral Florida mortgage. Why not take a step toward building equity for yourself and your family? Call 1st Continental Mortgage today at 1-800-570-0448 or use our secure online Florida mortgage quick application to get a no money down mortgage for a Cape Coral first time home buyer in Cape Coral or any of the other Florida counties we serve.

Quick and Easy No Money Down Programs for Cape Coral Florida First Time Home Buyers

Some Cape Coral Florida first time home buyers hesitate because they think that the no money down loan process is too complicated or time consuming.

Not so.

1st Continental Mortgage pros have been making getting loan approvals for Florida first time home buyers easy, stress-free, and straightforward for over ten years now. We can help you get the keys to a Cape Coral Florida home that you own. Call 1-800-570-0448 and ask about our special no money down first time home buyer mortgage programs.

Our no money down programs for Cape Coral Florida home buyers include all of the following:

Low fixed rate Cape Coral Florida mortgages with terms of 40,30,20,15, and 10 years;
First time home buyer programs for Cape Coral Florida Jumbo and Super Jumbo Mortgages for the purchase of luxury homes;
No money down mortgage first time home buyer programs that allow for contributions from the seller and use of gift programs to pay closing costs and prepaids;
Cape Coral Florida no money down programs with Interest Only periods of 1, 3, 5, and ten years;
Both conventional and FHA home loan programs designed specifically for first time home buyers with less than perfect credit who want a low cost alternative to a sub prime mortgage;
Excellent programs for first time buyers seeking to purchase mobiles, modular or trailer homes with land.

Don't miss one of the best times to buy a home in Cape Coral Florida because you don't have a Downpayment The call and consultation are free and without obligation. Call First Continental Mortgage at 1-800-570-0448 to learn more about buying your first Cape Coral Florida home with no money down.

Bradeonton Home loans, Bradenton Mortgage, ((97% Financing with 530 FICO))

1st Continental Mortgage — Sun, 26 Apr 2009 21:38:42 -0500

Bradenton FHA Home loan:: Bradenton FHA Mortgage ::Bradenton Florida home loans ::

Bradenton Mortgage, Bradenton Florida real estate loans, FHA Program, & Bradenton refinance mortgages.

You can finance Bradenton FL real estate using our fast and easy Bradenton mortgage application. As a Florida Mortgage Lender, we provide:

Refinance Loans for Bradenton FL property
Bradenton Florida Real Estate Mortgages
Bradenton, FL Loan Limits
Bradenton Construction Loans
30 & 15 Year Fixed Bradenton FHA Loans
Jumbo Bradenton Mortgages
Low Bradenton Florida Interest Rates
Mobile Home Loan Programs
Bradenton Pre-Foreclosure Help Available!

We're a local Bradenton, FL Mortgage company that has money to lend. Apply for a Mortgage in Bradenton, FL today or call 1-800-570-0448!

Advantages of using an FHA loan to purchase a Bradenton FL Home.

· 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 Debt Ratio&Job Requirement Guidelines such as:

· No minimum Credit 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.

· 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 Home Loan at

www.FHAmortgagePrograms.com

Bradenton Florida Mortgage Lender

Providing Mortgage Services in Bradenton Florida

To endure and be the most successful Bradenton Florida mortgage lender, we have learned to adapt to a Bradenton Florida real estate market that changes quickly. One reason 1st Continental Mortgage is still here after ten years, when so many other Florida mortgage businesses around the state have closed their doors, is how we treat our Bradenton Mortgage clients.

We really do take a long-term view.

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

However, not with our team.

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

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

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

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

Although many lenders are tightening credit standards and demanding higher FICO scores and more money down, we still have excellent conventional home loan programs with no money down for 1st time home buyers. In the current Florida real estate market, selling Realtors® are often eager to offer 3% and even 6% toward closing costs to coax an offer from our FHA approved Home Buyers in Bradenton and other cities throughout Bradenton Florida.

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

The Mortgage Lender in Bradenton Florida

Excellent Refinance Options For Bradenton Florida Homeowners

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

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

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

A Reputable Bradenton Florida Mortgage Lender
Offering Low Cost Bradenton Florida Construction Loan Programs

The slowing Bradenton Florida real estate market has also opened up excellent construction loan opportunities for buyers who are building custom homes. During the boom, it was tough to get the attention of the best custom builders and competition for premium lots was fierce.

Those applying for a Bradenton Florida Construction loan will find supply and demand working in their favor in today's market. Builders are hungry and all too eager to complete a construction loan funded project ahead of schedule. For reliable answers and experienced help in applying for a Florida construction loan, you can count on a reputable Florida mortgage lender like 1st Continental Mortgage! Call 1-800-570-0448 right now or use our quick application to get started!

A Bradenton Florida Mortgage Lender Motivated to Lend

Bradenton Mobile Homes, Bradenton Modular Homes and Bradenton Manufactured Homes

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

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

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

A Florida Mortgage Lender
Capable of Handling Florida Jumbo or Super Jumbo Mortgages

The Fannie Mae loan limits have not increased as rapidly as real estate prices in Florida over the last five years. More and more homes, especially in more expensive coastal Florida counties, now require a Florida Jumbo or Super Jumbo home loan to purchase.

As an experienced Florida mortgage lender, we would be pleased to help you secure the best combination of rate and terms for your Florida home purchase. For a quote on your Florida Jumbo or Super Jumbo mortgage, please call 1-800-570-0448 or use our quick application for a fast, no obligation consultation.

A Bradenton Florida Mortgage Lender That Knows Investor Loans

Motivated sellers always look good to smart Bradenton real estate Investors. In the near term, it looks as if Florida will have its share of homeowners and institutions forced to sell REO homes at a loss. At 1st Continental Mortgage, some of our favorite repeat Florida mortgage clients are investors.

As a Bradenton Florida mortgage lender, we understand the special needs of Florida real estate investors. Whether you are accumulating a portfolio of rental houses in Tampa to hold long term or buying and fixing REO homes in Bradenton Florida from asset managers at Florida lenders, we will be happy to help you close a competitively priced loan on time. If your investor loans aren't getting the attention they deserve from your Florida mortgage lender, why not try 1st Continental Mortgage?

To get a quote on your next Bradenton Florida investor loan, call 1-800-570-0448 or use our secure quick application form. You'll find 1st Continental Mortgage deserves it reputation as an investor friendly Bradenton Florida mortgage lender.

Fort Lauderdale Mortgage 97% Financing, Fort Lauderdale Mortgage Lender,

1st Continental Mortgage — Tue, 07 Apr 2009 08:53:13 -0500

Fort Lauderdale Mortgage 97% Financing, Fort Lauderdale Mortgage Lender, http://www.fhamortgagefhaloan.com/

97% Fort Lauderdale Mortgage up to $423,750

•· 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 Debt Ratio & Job Requirement Guidelines such as:

•· No minimum Credit 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.

•· 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 a Fort Lauderdale Mortgage at

www.FHAmortgagePrograms.com

Or Call 954-391-8387 for the Fastest Service

Fort Lauderdale Mortgage 97% Financing with 540 FICO

Fort Lauderdale Mortgage Lender

Providing traditional and FHA home loans throughout .

Serving Fort Lauderdale 1st Continental mortgage strives to provide the highest level of service while placing home loan clients in the right mortgage product. Our primary focus includes both traditional Fort Lauderdale mortgage programs and Fort Lauderdale FHA mortgage loans. In todays challenging market, we recommend the FHA loan product which has a wide range of advantages over more traditional lending options. Our Fort Lauderdale loan products include programs that offer these great Benefits:

Down payment as low as 3% of Sales Price
100% Financing options available
Seller can credit up to 6% of sales price towards buyers costs.
No cash or bank reserves are required.
FHA regulated closing costs.

Easier Credit Qualifying Guidelines

No minimum Credit Score or credit score requirements.
FHA will allow a home purchase 1 year after a Bankruptcy.
FHA will allow a home purchase 2 year after a Foreclosure

Give us a call 1-800-570-0448 or use our quick application to find out more about the many Fort Lauderdale mortgage programs we can make available. Or Apply now for a home loan.

Excellent Fixed Rate Mortgages for Qualified Buyers in Fort Lauderdale! Today's low interest rates make it a very good time to buy or refinance a home in , FL. House hunters are finding bargain homes with strong fixed rate financing in cities from Fort Lauderdale to .

Qualified homeowners wanting to buy a home in Fort Lauderdale with the security of a low fixed rate mortgage have an abundance of excellent home loan options. If you are looking for your Broward home, call 1st Continental Mortgage at 1-800-570-0448 today!

Broward County Pre approved Home buyers Find Strong Buyers Market

People considering buying a home in should be excited about house-hunting in a market with low mortgage interest rates and great home prices. However, many listing agents will only show property to buyers who they know have been pre-approved.

If you would like to get a Fort Lauderdale mortgage preapproval letter before you start shopping for your new home in Fort Lauderdale, call 1st Continental Mortgage's Fort Lauderdale mortgage brokers at 1-800-570-0048 or use our online mortgage application.

If you do not have an excellent buyer's agent, we would be happy to refer you to a real estate professional in , or Coconut Creek or anywhere in .

When a bargain priced home comes on the market in , it might not last long. The seller's agent is looking for an offer from a pre approved buyer because that buyer has demonstrated to the lender his or her capacity to close. Getting a mortgage preapproval before you start shopping for homes in or or any Broward community is a smart move.

Although the desirability of owning a home in Fort Lauderdale has not changed, the local real estate market has changed strongly in favor of home buyers!

Fort Lauderdale First Time Home buyers Choose Broward for Quality of Life

Did you know that historically, first time home buyers in flock to Broward? According to data from the 2000 census, is 's second most populous county. More than 1,600,000 people call home because it is a great place to live and work.

At 1st Continental Mortgage, we don't recall a time when there has been a stronger buyer's market no matter where in you're considering buying real estate. Lower home prices throughout the county have made once out-of-reach communities affordable again - even for first time home buyers

FHA Program A Perfect Match for Broward Residence

Tighter standards on conventional loans have made FHA home loans popular in Fort Lauderdale, Lighthouse Point, and and throughout . At 1st Continental Mortgage we are getting a large number of applications from homeowners wanting to refinance out of ARMs into fixed rate program and the FHA loan product is the ideal solution.

Lenders have raised standards for most traditional home loan applicants, but as a qualified Home Buyer looking in Fort Lauderdale, you can still get excellent financing from FHA and other loan programs without having perfect credit.

No matter which of Fort Lauderdale neighborhoods you want to call home in Pompano Beach or Hillsboro Beach, our excellent Fort Lauderdale FHA home loan program is available from 1st Continental Mortgage, a Fort Lauderdale Florida mortgage lender, right now.

Longtime residents of Fort Lauderdale know that it has exceptional master planned communities by some of 's most prestigious builders. Anyone watching Broward's real estate market knows that the slowdown in the housing market has forced some builders to sell inventory homes at bargain prices in Tamarac and North Lauderdale, FL and throughout .

However, for a good buy on a new home, financing with the right home loan program is the key. Financing a home using a builder's mortgage company often means that you do not get the best interest rate and terms for your home loan.

It's always worth making a call to an independent mortgage broker for a second mortgage quote before you sign paperwork for a loan through the builder's mortgage company in Wilton Manors or Oakland Park.

If you are considering financing your home with a builder's preferred lender, you should at least get a competitive mortgage quote whether your new home is in Lauderdale by the Sea or Sea Ranch Lakes or anywhere else in .

To see how your builder's mortgage program compares, call 1st Continental Mortgage at 800-570-0448 or use our quick mortgage quote form.

's Strong Economy Helps Broward Residents Qualify for Mortgages

In addition to excellent master planned communities, has a strong and diverse local economy that continues to bring new businesses and new job opportunities to residents of , and , Florida and other cities in .

serves as a headquarters for financial services companies, telecommunications companies, biomedical firms, pharmaceutical manufacturers, and high technology companies.

is home to the world's largest boat show and a vibrant marine industry. Its marinas and boatyards service many of the world's super yachts. is home to one of the busiest ports for cruise ships and the county remains a top tourist destination. Opportunities for high-wage employment in Broward are abundant in cities like and Weston.

also has its share of import and export firms trading with nations throughout South and . Strong public-private partnerships, such as the Alliance for Broward County, help attract new businesses to and keep current companies and jobs in cities like and

Neighboring counties may well be a little jealous of Broward because its economy still beats most other FL counties at producing high-wage jobs in growing industries. Stable employment is important in qualifying for a mortgage in anywhere else in .

Broward County Schools Attract Home buyers

For families with children, has excellent public and private schools. Students from schools consistently excel on 's standardized tests. Broward's top high schools in Southwest Ranches and regular turn out National Merit Scholars and Bright Futures Scholarship recipients in high numbers.

For student athletes, the mild climate and year round sunshine mean athletes can practice and play sports 12 months a year. schools consistently produce blue chip recruits for the top college football and baseball programs. Parents of athletes moving to communities like Fort Lauderdale , and to buy homes with FHA loans will find top athletic programs.

The quality of private and public schools is another reason so many people come to cities like and to qualify for a FHA mortgage and purchase their dream homes.

Recent 1st Continental Mortgage clients relocating to Broward from were surprised at how much more home she could qualify to buy in the suburbs of . Living in Fort Lauderdale gave them a much better commute to work, a lower cost of living, and a much more manageable monthly mortgage payment - and far more home.

Broward's excellent climate and 's lack of state income tax are also important factors in getting people to finance or refinance homes in Fort Lauderdale 's . If you're thinking of buying a home in , call the mortgage experts at 1st Continental Mortgage at 800-570-0448 today!

Broward Information

Serving These cities

Serving These Neighborhoods

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Fort Lauderdale Mortgage

Official Websites

, Parks,&Recreation

Your Fort Lauderdale, mortgage is the key to a stable financial future. For most of us, it's very likely to be a large line item in our monthly budget for as long as we keep our home. As the premier mortgage business in , you can count on our understanding just how important your loan is. You may only shop for a mortgage three or four times in a lifetime. The qualified, experienced loan officers at 1st Continental Mortgage spend their full working days doing nothing but mortgages for clients statewide. Call 1-800-570-0448 or apply online using our quick application right now to get experienced professional and friendly Fort Lauderdale, mortgage service from 1st Continental Mortgage.

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Florida FIRST-TIME HOMEBUYER 97% Financing and TAX CREDIT $8000, Florida FIRST TIME HOMEBUYER Programs

1st Continental Mortgage — Tue, 24 Feb 2009 08:49:31 -0600

Florida FIRST-TIME HOMEBUYER 97% Financing and TAX CREDIT $8000, Florida FIRST TIME HOMEBUYER Programs

So, if before taking any credits on a tax return a person has total tax liability of $9500, an $8000 credit would wipe out all but $1500 of the tax due. Use the Florida First time homebuyer Tax Credit with

FHAmortgagePrograms.com

· 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 Debt Ratio&Job Requirement Guidelines such as:

· No minimum Credit 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.

· 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 a Fort Lauderdale Mortgage at www.FHAmortgagePrograms.com

Frequently Asked Questions

In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale.

For 2009, Congress has increased the credit to $8000 and made several additional improvements. This revised $8000 tax credit applies to purchases on or after January 1, 2009 and before December 1, 2009.

Tax Credits -- The Basics

1. What's this new homebuyer tax incentive for 2009?

The 2008 $7500, repayable credit is increased to $8000 and the repayment feature is eliminated for 2009 purchasers. Any home that is purchased for $80,000 or more qualifies for the full $8000 amount. If the house costs less than $80,000, the credit will be 10% of the cost. Thus, if an individual purchased a home for $75,000, the credit would be $7500. It is available for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.

2. Who is eligible?

Only first-time homebuyers are eligible. A person is considered a first-time buyer if he/she has not had any ownership interest in a home in the three years previous to the day of the 2009 purchase.

3. How does a tax credit work?

Every dollar of a tax credit reduces income taxes by a dollar. Credits are claimed on an individual's income tax return. Thus, a qualified purchaser would figure out all the income items and exemptions and make all the calculations required to figure out his/her total tax due. Then, once the total tax owed has been computed, tax credits are applied to reduce the total tax bill. So, if before taking any credits on a tax return a person has total tax liability of $9500, an $8000 credit would wipe out all but $1500 of the tax due. ($9,500 - $8000 = $1500)

4. So what happens if the purchaser is eligible for an $8000 credit but their entire income tax liability for the year is only $6000?

This tax credit is what's called "refundable" credit. Thus, if the eligible purchaser's total tax liability was $6000, the IRS would send the purchaser a check for $2000. The refundable amount is the difference between $8000 credit amount and the amount of tax liability. ($8000 - $6000 = $2000) Most taxpayers determine their tax liability by referring to tables that the IRS prepares each year.

5. How does withholding affect my tax credit and my refund?

A few examples are provided at the end of this document. There are several steps in this calculation, but most income tax software programs are equipped to make that determination.

6. Is there an income restriction?

Yes. The income restriction is based on the tax filing status the purchaser claims when filing his/her income tax return. Individuals filing Form 1040 as Single (or Head of Household) are eligible for the credit if their income is no more than $75,000. Married couples who file a Joint return may have income of no more than $150,000.

7. How is my "income" determined?

For most individuals, income is defined and calculated in the same manner as their Adjusted Gross Income (AGI) on their 1040 income tax return. AGI includes items like wages, salaries, interest and dividends, pension and retirement earnings, rental income and a host of other elements. AGI is the final number that appears on the bottom line of the front page of an IRS Form 1040.

8. What if I worked abroad for part of the year?

Some individuals have earned income and/or receive housing allowances while working outside the US. Their income will be adjusted to reflect those items to measure Modified Adjusted Gross Income (MAGI). Their eligibility for the credit will be based on their MAGI.

9. Do individuals with incomes higher than the $75,000 or $150,000 limits lose all the benefit of the credit?

Not always. The credit phases-out between $75,000 - $95,000 for singles and $150,000 - $170,000 for married filing joint. The closer a buyer comes to the maximum phase-out amount, the smaller the credit will be. The law provides a formula to gradually withdraw the credit. Thus, the credit will disappear after an individual's income reaches $95,000 (single return) or $170,000 (joint return).

For example, if a married couple had income of $165,000, their credit would be reduced by 75% as shown:

Couple's income $165,000

Income limit 150,000

Excess income $15,000

The excess income amount ($15,000 in this example) is used to form a fraction. The numerator of the fraction is the excess income amount ($15,000). The denominator is $20,000 (specified by the statute).

In this example, the disallowed portion of the credit is 75% of $8000, or $6000

($15,000/$20,000 = 75% x $8000 = $6000)

Stated another way, only 25% of the credit amount would be allowed.

In this example, the allowable credit would be $2000 (25% x $8000 = $2000)

10. What's the definition of "principal residence?"

Generally, a principal residence is the home where an individual spends most of his/her time (generally defined as more than 50%). It is also defined as "owner-occupied" housing. The term includes single-family detached housing, condos or co-ops, townhouses or any similar type of new or existing dwelling. Even some houseboats or manufactured homes count as principal residences.

11. Are there restrictions on the location of the property?

Yes. The home must be located in the United States. Property located outside the US is not eligible for the credit.

12. Are there restrictions related to the financing for the mortgage on the property?

In 2009, most financing arrangements are acceptable and will not affect eligibility for the credit. Congress eliminated the financing restriction that applied in 2008. (In 2008, purchasers were ineligible for the $7500 credit if the financing was obtained by means of mortgage revenue bonds.) Now, mortgage-revenue bond financing will not disqualify an otherwise-eligible purchaser. (Mortgage revenue bonds are tax-exempt bonds issued by a state housing agency. Proceeds from the bonds must be used for below market loans to qualified buyers.)

13. Do I have to repay the 2009 tax credit?

NO. There is no repayment for 2009 tax credits.

14. Do 2008 purchasers still have to repay their tax credit?

YES. The $7500 credit in 2008 was more like an interest-free loan. All eligible purchasers who claimed the 2008 credit will still be required to repay it over 15 years, starting with their 2010 tax return.

Some Practical Questions

15. How do I apply for the credit?

There is no pre-purchase authorization, application or similar approval process. All eligible purchasers simply claim the credit on their IRS Form 1040 tax return. The credit will be reflected on a new Form 5405 that will be attached to the 1040. Form 5405 can be found at www.irs.gov.

16. So I can't use the credit amount as part of my downpayment?

No. Congress tried hard to devise a mechanism that would make the funds available for closing costs, but found that pre-funding would require cumbersome processes that would, in effect, bring the IRS into the purchase and settlement phase of the transaction.

17. So there's no way to get any cash flow benefits before I file my tax return?

Yes, there is. Any first-time homebuyers who believe they are eligible for all or part of the credit can modify their income tax withholding (through their employers) or adjust their quarterly estimated tax payments. Individuals subject to income tax withholding would get an IRS Form W-4 from their employer, follow the instructions on the schedules provided and give the completed Form W-4 back to the employer. In many cases their withholding would decrease and their take-home pay would increase. Those who make estimated tax payments would make similar adjustments.

Some "Real World" Examples

18. What if I purchase later this year but can't get to settlement before December 1?

The credit is available for purchases before December 1, 2009. A home is considered as "purchased" when all events have occurred that transfer the title from the seller to the new purchaser. Thus, closings must occur before December 1, 2009 for purchases to be eligible for the credit.

19. I haven't even filed my 2008 tax return yet. If I buy in 2009, do I have to wait until next year to get the benefit of the credit?

You'll have a helpful choice that might speed up the process. Eligible homebuyers who make their purchase between January 1, 2009 and December 1, 2009 can treat the purchase as if it had occurred on December 31, 2008. Thus, they can claim the credit on their 2008 tax return that is due on April 15, 2009. They actually have three filing options.

· If they purchase between January 1, 2009 and April 15, 2009, they can claim the $8000 credit on the 2008 return due on April 15.

· They can extend their 2008 income-tax filing until as late as October 15, 2009. (The IRS grants automatic extensions, but the taxpayer must file for the extension. See www.irs.gov for instructions on how to obtain an extension.)

· If they have filed their 2008 return before they purchase the home, they may file an amended 2008 tax return on Form 1040X. (Form 1040X is available at www.irs.gov)

Of course, 2009 purchasers will always have the option of claiming the credit for the 2009 purchase on their 2009 return. Their 2009 tax return is due on April 15, 2010.

20. I purchased my home in early 2009 before the stimulus bill was enacted. I claimed a $7500 tax credit on my 2008 return as prior law had permitted. Am I restricted to just a $7500 credit?

No, you would qualify for the $8000 credit. Eligible purchasers who have already claimed the $7500 credit on a 2008 return for a 2009 purchase may file an amended return (IRS Form 1040X) for the 2008 tax year. This amended return will enable them to obtain the additional $500 credit amount.

21. If I claim my 2009 $8000 credit on my 2008 tax return, will I have to repay the credit just as the 2008 credits are repaid?

No. Congress anticipated this confusion and has made specific provision so that there would be no repayment of 2009 credits that are claimed on 2008 returns.

22. I made an eligible purchase of a principal residence in May 2008 and claimed the $7500 credit on my 2008 tax return. My brother, who has never owned a home, wishes to purchase a partial interest in the home this spring and move in. Will he qualify for the $8000 credit, as well?

No. Any purchase of a principal residence (or interest in a principal residence) from a related party such as a sibling, parent, grandparent, aunt or uncle is ineligible for the tax credit. Since you and your brother are related in this way, he cannot qualify for the credit on any portion of the home that he purchases from you, even if he is a first-time homebuyer.

23. I live in the District of Columbia. If I qualify as a first-time homebuyer, can I use both the $5000 DC credit and the $8000 credit?

No; double dipping is not allowed. You would be eligible for only the $8000 credit. This will be an advantage because of the higher credit amount, plus the eligibility requirements for the $8000 credit are somewhat more easily satisfied than the DC credit.

24. I know there is no repayment requirement for the $8000 credit. Will I ever have to repay any of the credit back to the government?

One situation does require a recapture payment back to the government. If you claim the credit but then sell the property within 3 years of the date of purchase, you are required to pay back the full amount of any credit, including any refund you received from it. A few exceptions apply. (See below, #24). Note that this same 3-year recapture rule applies, as well, to the $7500 credit available for 2008. This provision is designed as an anti-flipping rule.

25. What if I die or get divorced or my property is ruined in a natural disaster within the 3 years?

The repayment rules are eased for many circumstances. If the homeowner who used the credit dies within the first three years of ownership, there is no recapture. Special rules make adjustments for people who sell homes as part of a divorce settlement, as well. Similarly, adjustments are made in the case of a home that is part of an involuntary conversion (property is destroyed in a natural disaster or subject to condemnation by eminent domain by an authorized agency) within the first three years.

26. I have a home under construction. Am I eligible for the credit?

Yes, so long as you actually occupy the home before December 1, 2009.

WITHHOLDING EXAMPLES:

Note: The impact of estimated tax payments would be the same.

Situation 1: Sally plans her withholding so that her withholding is as close as possible to what she anticipates as her income tax liability for the year. When she fills out her 1040, her liability is $6000. She has had $6000 withheld from her paycheck. She also qualifies for the $8000 homebuyer credit.

Result: Sally's withholding satisfies her tax liability and reduces it to zero. She will receive a refund of the full $8000.

Situation 2: Nick and Nora file a joint return. Nick is self-employed and makes estimated payments; Nora has taxes withheld from her salary. When they compute their taxes, their combined withholding and estimated tax payments are $11,000. Their income tax liability is $9800. They also qualified as first-time homebuyers and are eligible for the $8000 refundable tax credit.

Result: Ordinarily, their combined estimated tax payments and withholding would make them eligible for a refund of $1200 ($11,000 - $9800 = $1200). Because they are eligible for the refundable tax credit as well, they will receive a refund of $9200 ($1200 income tax refund + $8000 refundable tax credit = $9200)

Situation 3: Cesar and LuzMaria both have income taxes withheld from their salaries and file a joint return. When they file their income tax return, their combined withholding is $5000. However, their total tax liability is $7200, generating an additional income tax liability of $2200 ($7200 - $5000). They also qualify for the $8000 first-time homebuyer tax credit.

Result: Cesar and LuzMaria have been under-withheld by $2200. Ordinarily, they would be required to pay the additional $2200 they owe (plus any applicable interest and penalties). Because they are eligible for the refundable homebuyer tax credit, the credit will cover the $2200 additional liability. In addition, they will receive an income tax refund of $5800 ($8000 - $2200 = $5800). If they owed penalties and/or interest, that amount would reduce the refund

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Florida FHA streamline Refinance 97.75%, Florida FHA refinance FHA mortgage, Florida Refinance FHA loans

1st Continental Mortgage — Mon, 05 Jan 2009 17:18:53 -0600

Florida FHA streamline Refinance 97.75%, Florida FHA refinance FHA mortgage, Florida Refinance FHA loans

Florida Mortgage Refinance

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

For over a decade, 1st Continental Mortgage has been the mortgage lender of choice in Florida because we deliver excellent 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 refinance homeowner loan. A loan that will serve your long-term interests and not just the interest of the 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 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 FL 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 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!

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.

Florida Steamline refinance Contact www.FHAmortgagePrograms.com

Streamline Your FHA Mortgage

FHA has permitted streamline refinances on insured mortgages since the early 1980's. The "streamline" refers only to the amount of documentation and underwriting that needs to be performed by the lender, and does not mean that there are no costs involved in the transaction. The basic requirements of a streamline refinance are:

	The mortgage to be refinanced must already be FHA insured.
	The mortgage to be refinanced should be current (not delinquent).
	The refinance is to result in a lowering of the borrower's monthly principal and interest payments.
	No cash may be taken out on mortgages refinanced using the streamline refinance process.

Florida FHA Lenders may offer streamline refinances in several ways. Some lenders offer "no cost" refinances (actually, no out-of-pocket expenses to the borrower) by charging a higher rate of interest on the new loan than if the borrower financed or paid the closing costs in cash. From this premium, the lender pays any closing costs that are incurred on the transaction.

Lenders may offer streamline refinances and include the closing costs into the new mortgage amount. This can only be done if there is sufficient equity in the property, as determined by an appraisal. Streamline refinances can also be done without appraisals, but the new loan amount cannot exceed the original loan amount. Investment properties (properties in which the borrower does not reside in as his or her principal residence) may only be refinanced without an appraisal.

Detailed instructions to the lenders are contained in HUD Handbook 4155.1 REV-4, Change-1, Paragraph 1-12.

Florida Steamline refinance Contact www.FHAmortgagePrograms.com

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.

CRITERIARATE/TERM REFINANCE (CONV TO FHA OR FHA TO FHA)STREAMLINED REFINANCE (FHA TO FHA) WITH APPRAISALSTREAMLINED REFINANCE (FHA TO FHA) WITHOUT APPRAISAL
LTV APPLIED TO
APPRAISED VALUE
(NOT INCLUDING UFMIP)97.7597.75N/A (New mortgage cannot exceed original principal balance except by UFMIP
EXISTING DEBT
CALCULATIONEXISTING DEBT: Add together the amount of the existing first lien, any purchase money second mortgage, any junior liens over 12 months old, closing costs, prepaid expenses, borrower paid repairs required by the appraisal, discount points, and then subtract any refund of the UFMIP.

INTEREST: The amount of the existing first mortgage may include the interest charged by the servicing lender when the payoff will not likely be received on the first day of the month (as is typically assessed on FHA-insured mortgages).

PREPAYMENT PENALTIES: The amount also may include any prepayment penalties assessed on a conventional mortgage or FHA Title I loan.

LATE CHARGES, PREPAIDS AND ESCROWS: In determining the existing debt as part of the mortgage amount calculation, the mortgagee may include accrued late charges and escrow shortages.

Prepaid expenses may include the per diem interest to the end of the month on the new loan, hazard insurance premium deposits, monthly mortgage insurance premiums, and any real estate tax deposits needed to establish the escrow account regardless whether the mortgagee refinancing the existing loan is also the servicing lender for that mortgage.

Seasoning: If any portion of the funds of an equity line of credit in excess of $1000 was advanced within the past twelve months and was for purposes other than repairs and rehabilitation of the property, the line of credit is not eligible for inclusion in the new mortgage. EXISTING DEBT: Add together the amount of the existing FHA-insured first lien, closing costs, prepaid expenses, discount points, and then subtract any refund of UFMIP.

INTEREST: The amount of the existing first mortgage may include the interest charged by the servicing lender when the payoff will not likely be received on the first day of the month (as is typically assessed on FHA-insured mortgages).

PREPAYMENT PENALTIES: Not applicable

LATE CHARGES, PREPAIDS AND ESCROWS: In determining the existing debt as part of the mortgage amount calculation, the mortgagee may include accrued late charges and escrow shortages.

Prepaid expenses may include the per diem interest to the end of the month on the new loan, hazard insurance premium deposits, monthly mortgage insurance premiums, and any real estate tax deposits needed to establish the escrow account regardless whether the mortgagee refinancing the existing loan is also the servicing lender for that mortgage.

Seasoning: Not applicable.EXISTING DEBT: Add together the amount of the existing FHA-insured first lien, closing costs, prepaid expenses, discount points, and then subtract any refund of UFMIP.

INTEREST: The amount of the existing first mortgage may include the interest charged by the servicing lender when the payoff will not likely be received on the first day of the month (as is typically assessed on FHA-insured mortgages).

PREPAYMENT PENALTIES: Not applicable

LATE CHARGES, PREPAIDS AND ESCROWS: In determining the existing debt as part of the mortgage amount calculation, the mortgagee may include accrued late charges and escrow shortages.

Prepaid expenses may include the per diem interest to the end of the month on the new loan, hazard insurance premium deposits, monthly mortgage insurance premiums, and any real estate tax deposits needed to establish the escrow account regardless whether the mortgagee refinancing the existing loan is also the servicing lender for that mortgage.

Seasoning: Not applicable.
CLTVUnlimited CLTV on new and/or re-subordination or modification of existing subordinate financing. Unlimited CLTV for re-subordination or modification of existing subordinate financing. Unlimited CLTV for re-subordination or modification of existing subordinate financing.
Additional underwriting and eligibility criteria Status of Mortgage: The mortgage being refinanced must be current for the month due.

Cash Back: At closing, the borrower may not receive cash back in excess of $500.

Acquired > 1 year: If the property was acquired less than one year before the loan application and is not already FHA-insured, in addition to the calculations described above, the original sales price of the property also must be considered in determining the maximum mortgage. With conclusive documentation, expenditures for repairs and rehabilitation incurred after the purchase of the property may be added to the original sales price in calculating the mortgage amount. Status of Mortgage: The mortgage being refinanced must be current for the month due.

Cash Back: At closing, the borrower may not receive cash back in excess of $500.

No Seasoning Requirements Status of Mortgage: The mortgage being refinanced must be current for the month due

Cash Back: At closing, the borrower may not receive cash back in excess of $500.

No Seasoning Requirements

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Answers to Mortgage Questions

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

Update: Florida FHA Loan Limits Raised By Senate

1st Continental Mortgage — Sun, 30 Nov 2008 13:19:13 -0600

Update: FHA Loan Limits Raised By Senate

HUD has released Florida FHA loan limits. In some locations Up to $729,750 in Florida!

The FHA loan program was created to help increase homeownership during the great depression. Today the FHA loan programs are easier and less expensive than any other type of home loan programs. Some Advantages include,

Minimal Down Payment and Closing Costs.

Down payment less than 3% of Sales Price
100% financing options available.
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 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.

www.FHAmortgageProgams.com

The FHA reform reached an important milestone on Friday when the U.S. Senate overwhelmingly approved its version of the legislation.

The bill, which passed by a vote of 93-1, seeks update the Federal Housing Administration to make the FHA mortgage programs relevant in the current housing and mortgage lending environment by expanding the agency, loosening some underwriting standards, and raising its current restrictive loan limit.

FHA mortgage programs were established in 1934 to help borrowers, designed to help particularly those with low incomes, purchase homes by guaranteeing banks that those loans were insured by the US government.. But the Florida s loan limits have generally lagged behind those of Freddie Mac and Fannie Mae and as home prices climbed dramatically and lenders with looser underwriting standards proliferated the agency became less and less of a player in the mortgage market.

Over a ten year period ending last December the FHA's share of new mortgages fell from 9.1 percent to 1.8 percent according to Inside Mortgage Finance. A major reason for the slide is the FHA loan cap which, in many parts of the country such as both coasts, falls short of covering the purchase price of even a low end house.

FHA insured loans have been mentioned as a possible escape hatch for borrowers who may be unable to make payments on their current adjustable rate mortgages when their interest rates reset over the next year. The restrictive loan limits, however, make that impossible for many of those borrowers. There is also a theory that a more widely available federal guarantee would encourage lenders to make more loans in the current tight credit environment.

The Senate version of FHA reform would raise the limit on FHA loans from $362,000 to at least $417,000 which is the current limit on Freddie Mac, Fannie Mae, and Veterans Administration loans.

The FHA estimates that it may be able to help some 200,000 borrowers who are facing foreclosure with the new limits coupled with loosened underwriting standards which were announced by the president several months ago.

In October the House of Representatives passed legislation similar to that passed in the Senate but some differences between the two bills will have to be hammered out before a final version is sent to the president for his signature.

The House bill would raise the loan limit as high as $829,750 in certain areas of the country but the biggest stumbling block to a compromise is a feature of the House bill which establishes a new housing trust fund for troubled borrowers and would require FHA to contribute to it.

Also on Friday the Senate passed a separate borrower relief bill which would end, for three years, a provision in the tax code which has bitten many a homeowner after foreclosure or a loan workout. Under current rules the Internal Revenue Service requires lenders to send borrowers and the IRS a form detailing any loan amounts written off by the lender after a foreclosure, short sale, or loan restructure. The IRS treats that forgiven debt as ordinary income and taxes the borrower accordingly.

The House had earlier passed similar legislation but without the three year sunset provision.

MSA Name	MSA Code	Division	County Name	County Code	State	One-Family	Two-Family	Three-Family	Four-Family	Last Revised	Limit Year
GAINESVILLE, FL (MSA)	23540		ALACHUA	001	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
JACKSONVILLE, FL (MSA)	27260		BAKER	003	FL	$387,500	$496,050	$599,600	$745,200	03/05/2008	CY2008
PANAMA CITY-LYNN HAVEN, FL (MSA)	37460		BAY	005	FL	$396,250	$507,250	$613,150	$762,000	03/05/2008	CY2008
NON-METRO	99999		BRADFORD	007	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
PALM BAY-MELBOURNE-TITUSVILLE, FL (MSA)	37340		BREVARD	009	FL	$291,250	$372,850	$450,700	$560,100	03/05/2008	CY2008
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL	33100	22744	BROWARD	011	FL	$423,750	$542,450	$655,700	$814,900	03/05/2008	CY2008
NON-METRO	99999		CALHOUN	013	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
PUNTA GORDA, FL (MSA)	39460		CHARLOTTE	015	FL	$296,250	$379,250	$458,400	$569,700	03/05/2008	CY2008
HOMOSASSA SPRINGS, FL (MICRO)	26140		CITRUS	017	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
JACKSONVILLE, FL (MSA)	27260		CLAY	019	FL	$387,500	$496,050	$599,600	$745,200	03/05/2008	CY2008
NAPLES-MARCO ISLAND, FL (MSA)	34940		COLLIER	021	FL	$531,250	$680,100	$822,050	$1,021,650	03/05/2008	CY2008
LAKE CITY, FL (MICRO)	29380		COLUMBIA	023	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
ARCADIA, FL (MICRO)	11580		DE SOTO	027	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
NON-METRO	99999		DIXIE	029	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
JACKSONVILLE, FL (MSA)	27260		DUVAL	031	FL	$387,500	$496,050	$599,600	$745,200	03/05/2008	CY2008
PENSACOLA-FERRY PASS-BRENT, FL (MSA)	37860		ESCAMBIA	033	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
PALM COAST, FL (MICRO)	37380		FLAGLER	035	FL	$287,500	$368,050	$444,900	$552,900	03/05/2008	CY2008
NON-METRO	99999		FRANKLIN	037	FL	$305,000	$390,450	$471,950	$586,550	03/05/2008	CY2008
TALLAHASSEE, FL (MSA)	45220		GADSDEN	039	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
GAINESVILLE, FL (MSA)	23540		GILCHRIST	041	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
NON-METRO	99999		GLADES	043	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
NON-METRO	99999		GULF	045	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
NON-METRO	99999		HAMILTON	047	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
WAUCHULA, FL (MICRO)	48100		HARDEE	049	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
CLEWISTON, FL (MICRO)	17500		HENDRY	051	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)	45300		HERNANDO	053	FL	$292,500	$374,450	$452,600	$562,500	03/05/2008	CY2008
SEBRING, FL (MICRO)	42700		HIGHLANDS	055	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)	45300		HILLSBOROUGH	057	FL	$292,500	$374,450	$452,600	$562,500	03/05/2008	CY2008
NON-METRO	99999		HOLMES	059	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
SEBASTIAN-VERO BEACH, FL (MSA)	42680		INDIAN RIVER	061	FL	$283,750	$363,250	$439,050	$545,650	03/05/2008	CY2008
NON-METRO	99999		JACKSON	063	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
TALLAHASSEE, FL (MSA)	45220		JEFFERSON	065	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
NON-METRO	99999		LAFAYETTE	067	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
ORLANDO-KISSIMMEE, FL (MSA)	36740		LAKE	069	FL	$353,750	$452,850	$547,400	$680,300	03/05/2008	CY2008
CAPE CORAL-FORT MYERS, FL (MSA)	15980		LEE	071	FL	$356,250	$456,050	$551,250	$685,100	03/05/2008	CY2008
TALLAHASSEE, FL (MSA)	45220		LEON	073	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
NON-METRO	99999		LEVY	075	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
NON-METRO	99999		LIBERTY	077	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
NON-METRO	99999		MADISON	079	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
SARASOTA-BRADENTON-VENICE, FL (MSA)	42260		MANATEE	081	FL	$442,500	$566,450	$684,750	$850,950	03/05/2008	CY2008
OCALA, FL (MSA)	36100		MARION	083	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
PORT ST. LUCIE-FORT PIERCE, FL (MSA)	38940		MARTIN	085	FL	$375,000	$480,050	$580,300	$721,150	03/05/2008	CY2008
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISIO	33100	33124	MIAMI-DADE	086	FL	$423,750	$542,450	$655,700	$814,900	03/05/2008	CY2008
KEY WEST-MARATHON, FL (MICRO)	28580		MONROE	087	FL	$729,750	$934,200	$1,129,250	$1,403,400	03/05/2008	CY2008
JACKSONVILLE, FL (MSA)	27260		NASSAU	089	FL	$387,500	$496,050	$599,600	$745,200	03/05/2008	CY2008
FORT WALTON BEACH-CRESTVIEW-DESTIN, FL (MSA)	23020		OKALOOSA	091	FL	$312,500	$400,050	$483,550	$600,950	03/05/2008	CY2008
OKEECHOBEE, FL (MICRO)	36380		OKEECHOBEE	093	FL	$271,050	$347,000	$419,400	$521,250	03/05/2008	CY2008
ORLANDO-KISSIMMEE, FL (MSA)	36740		ORANGE	095	FL	$353,750	$452,850	$547,400	$680,300	03/05/2008	CY2008
ORLANDO-KISSIMMEE, FL (MSA)	36740		OSCEOLA	097	FL	$353,750	$452,850	$547,400	$680,300	03/05/2008	CY2008
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METRO	33100	48424	PALM BEACH	099	FL	$423,750	$542,450	$655,700	$814,900	03/05/2008	CY2008

http://www.fhamortgageprograms.com/mortgage/fha-loan-limits.shtml

http://www.fhamortgageprograms.com/mortgage/fha-loan-program.shtml

http://www.fhamortgageprograms.com/faq/fha.shtml

http://www.fhamortgageprograms.com/mortgage/manufactured-homes.shtml

https://entp.hud.gov/idapp/html/hicost1.cfm

FHA Home Loan Guidelines Overview ((97% Financing))), FHA Home Loan Mortgage, FHA Mortgage Loans,

1st Continental Mortgage — Fri, 28 Nov 2008 18:44:37 -0600

The Federal Housing Administration (FHA( was created in 1934 to help Americans realize the dream of Homeownership. There are a great many unique benefits to the FHA mortgage that no other program can compare. FHA does not lend money, FHA loans are insured by the government. FHA insurance provides lenders with greater protection than any other loan. HUD sets the basic guidelines for FHA lenders, however lenders are able to add on their own specific requirements..

Florida FHA Lender www.FHAmortgagePrograms.com

FHA Home Loan Guidelines Overview

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

•· 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.