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Florida Bad Credit Mortgage 97% Financing, Florida Bad Credit home loan,

1st Continental Mortgage — Mon, 20 Apr 2009 05:29:26 -0500

Florida Bad Credit Mortgage, Florida Bad credit home loans

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

Home :: FHA :: Frequently asked questions ::Florida mortgage lender

97% Financing with a 540 FICO!

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 purchase 2 years after a Foreclosure.

Bad Credit Mortgage In Florida

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Florida FHA Loan LImits, FLorida 97% Financing with 540 FICO!!!!

1st Continental Mortgage — Sun, 19 Apr 2009 20:28:25 -0500

FHA home loan Florida, FHA mortgage Florida,

Florida FHA Loans have many advantages over other financing programs including:

Minimal Down Payment and Closing Costs.

•· Down payment less than 3% of Sales Price

•· 100% Financing options available

•· No reserves or required.

•· FHA regulated closing costs.

•· Seller can credit up to 6% of sales price towards buyers costs.

Easier Credit Qualifying Guidelines such as:

•· No minimum FICO score or credit score requirements.

•· FHA will allow a home purchase 2 years after a Bankruptcy.

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

Easier Debt Ratio & Job Requirement Guidelines such as:

•· Higher Debt Ratio's than other home loan programs.

•· Less than two years on the job is allowed.

•· Self-Employed individuals o.k.

Apply for an FHA loan at www.FHAmortgagePrograms.com

Florida FHA Loan Limits

MSA Name	County Name	Single-Family
GAINESVILLE, FL (MSA)	ALACHUA	$271,050
JACKSONVILLE, FL (MSA)	BAKER	$304,750
PANAMA CITY-LYNN HAVEN, FL (MSA)	BAY	$271,050
NON-METRO	BRADFORD	$271,050
PALM BAY-MELBOURNE-TITUSVILLE, FL (MSA)	BREVARD	$271,050
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL	BROWARD	$345,000
NON-METRO	CALHOUN	$271,050
PUNTA GORDA, FL (MSA)	CHARLOTTE	$271,050
HOMOSASSA SPRINGS, FL (MICRO)	CITRUS	$271,050
JACKSONVILLE, FL (MSA)	CLAY	$304,750
NAPLES-MARCO ISLAND, FL (MSA)	COLLIER	$448,500
LAKE CITY, FL (MICRO)	COLUMBIA	$271,050
ARCADIA, FL (MICRO)	DE SOTO	$271,050
NON-METRO	DIXIE	$271,050
JACKSONVILLE, FL (MSA)	DUVAL	$304,750
PENSACOLA-FERRY PASS-BRENT, FL (MSA)	ESCAMBIA	$271,050
PALM COAST, FL (MICRO)	FLAGLER	$271,050
NON-METRO	FRANKLIN	$271,050
TALLAHASSEE, FL (MSA)	GADSDEN	$271,050
GAINESVILLE, FL (MSA)	GILCHRIST	$271,050
NON-METRO	GLADES	$271,050
NON-METRO	GULF	$271,050
NON-METRO	HAMILTON	$271,050
WAUCHULA, FL (MICRO)	HARDEE	$271,050
CLEWISTON, FL (MICRO)	HENDRY	$271,050
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)	HERNANDO	$271,050
SEBRING, FL (MICRO)	HIGHLANDS	$271,050
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)	HILLSBOROUGH	$271,050
NON-METRO	HOLMES	$271,050
SEBASTIAN-VERO BEACH, FL (MSA)	INDIAN RIVER	$271,050
NON-METRO	JACKSON	$271,050
TALLAHASSEE, FL (MSA)	JEFFERSON	$271,050
NON-METRO	LAFAYETTE	$271,050
ORLANDO-KISSIMMEE, FL (MSA)	LAKE	$274,850
CAPE CORAL-FORT MYERS, FL (MSA)	LEE	$271,050
TALLAHASSEE, FL (MSA)	LEON	$271,050
NON-METRO	LEVY	$271,050
NON-METRO	LIBERTY	$271,050
NON-METRO	MADISON	$271,050
BRADENTON-SARASOTA-VENICE, FL (MSA)	MANATEE	$285,200
OCALA, FL (MSA)	MARION	$271,050
PORT ST. LUCIE-FORT PIERCE, FL (MSA)	MARTIN	$316,250
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISIO	MIAMI-DADE	$345,000
KEY WEST-MARATHON, FL (MICRO)	MONROE	$529,000
JACKSONVILLE, FL (MSA)	NASSAU	$304,750
FORT WALTON BEACH-CRESTVIEW-DESTIN, FL (MSA)	OKALOOSA	$271,050
OKEECHOBEE, FL (MICRO)	OKEECHOBEE	$271,050
ORLANDO-KISSIMMEE, FL (MSA)	ORANGE	$274,850
ORLANDO-KISSIMMEE, FL (MSA)	OSCEOLA	$274,850
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METRO	PALM BEACH	$345,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)	PASCO	$271,050
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)	PINELLAS	$271,050
LAKELAND, FL (MSA)	POLK	$271,050
PALATKA, FL (MICRO)	PUTNAM	$271,050
PENSACOLA-FERRY PASS-BRENT, FL (MSA)	SANTA ROSA	$271,050
BRADENTON-SARASOTA-VENICE, FL (MSA)	SARASOTA	$285,200
ORLANDO-KISSIMMEE, FL (MSA)	SEMINOLE	$274,850
JACKSONVILLE, FL (MSA)	ST. JOHNS	$304,750
PORT ST. LUCIE-FORT PIERCE, FL (MSA)	ST. LUCIE	$316,250
THE VILLAGES, FL (MICRO)	SUMTER	$271,050
NON-METRO	SUWANNEE	$271,050
NON-METRO	TAYLOR	$271,050
NON-METRO	UNION	$271,050
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (MSA)	VOLUSIA	$271,050
TALLAHASSEE, FL (MSA)	WAKULLA	$271,050
NON-METRO	WALTON	$325,450
NON-METRO	WASHINGTON	$271,050

Florida Bad Credit Home loan, 97% Financing with a 540 FICO!!!!!!

1st Continental Mortgage — Sun, 19 Apr 2009 20:24:49 -0500

Bad Credit Mortgage In Florida

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

Minimal Down Payment and Closing Costs.

•· Down payment less than 3% of Sales Price

•· 100% Financing options available

•· No reserves or required.

•· FHA regulated closing costs.

•· Seller can credit up to 6% of sales price towards buyers costs.

Easier Credit Qualifying Guidelines such as:

•· No minimum FICO score or credit score requirements.

•· FHA will allow a home purchase 2 years after a Bankruptcy.

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

Easier Debt Ratio&Job Requirement Guidelines such as:

•· Higher Debt Ratio's than other home loan programs.

•· Less than two years on the job is allowed.

•· Self-Employed individuals o.k.

Apply for an FHA loan at www.FHAmortgagePrograms.com

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

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

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

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

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Refinance Florida FHA Mortgage 97.75%, No Minimum FICO SCORE!!!!!!!!

1st Continental Mortgage — Sun, 19 Apr 2009 20:20:30 -0500

Refinance Florida FHA Mortgage 97.75%

FHA refinancing offers benefits for current Florida real estate home owners who are seeking to complete a refinance mortgage of their existing real estate mortgage A FHA home loan refinance may also benefit Florida residence who do not currently have a FHA loan.

Some advantages of using a FHA mortgage for your mortgage refinance are as follows:

Cash-Out Refinance up to 95% for existing or new FHA mortgages.

•· Cash-Out up to 95% of your properties value.

•· Consolidate first and second mortgages into single loan.

•· Bill consolidation programs.

•· Easier credit and income qualifications.

•· FHA regulated closing costs.

Rate and Term Mortgage Refinancing up to 97% of your homes value.

•· Consolidate first and second mortgages into a single loan.

•· No FICO score or credit score requirements

•· Competitive rates for borrowers with a Bankruptcy older than two years.

•· Competitive rates for borrowers with a Foreclosure older than three years.

•· Easier credit and income qualifications.

•· FHA regulated closing costs.

FHA Streamline Refinance for existing FHA loans only.

•· No Cost Interest Rate Reductions programs.

•· No Income or Credit Qualifications.

•· Zero cost refinance options available.

•· Easily switch amortization for adjustable to fixed or vice versa.

•· Easily shorten or lengthen term of your existing loan.

•· Easier credit and income qualifications.

FHA Secure Refinance with current mortgage lates.

•· Refinance your mortgage at competitive rates even if you have a mortgage late on your credit that is directly due to adjusting mortgage.

•· Qualify for refinance even if currently in foreclosure.

•· Complete details of FHA Secure loan.

To take advantage of the FHA program in Florida, give us a call 1-800-570-0448 or use our quick application to find out more about the many FL mortgage programs we can make available. Or Apply now for a FL FHA home loan.

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!

Answers to Mortgage Questions

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

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

Apply NOW at www.FHAMortgagePrograms.com

Florida Mortgage, Florida FHA Mortgage Lender 97% Financing

1st Continental Mortgage — Sun, 19 Apr 2009 20:12:34 -0500

Florida Mortgage, Florida FHA Mortgage Lender

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

Home :: FHA :: Frequently asked questions ::Florida mortgage lender

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 2 years after a Foreclosure.

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. To check your ratios, you can use this debt-to-income ratio calculator to see where your income fits in. So again, make sure you ask your licensed Florida loan officer. Apply now for an FHA home loan.

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

FHA Loans in high closing cost states such as 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.

Hollywood FL Mortgage, 97% Financing with a 540 FICO!!!!!!!

1st Continental Mortgage — Wed, 06 Feb 2008 07:04:11 -0600

Hollywood Florida Mortgage, Hollywood Mortgage lender

Hollywood FL Real Estate Home Loans

Hollywood FL 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 purchase 2 years after a Foreclosure.

When you decide to apply for a Hollywood FL home loan through 1st Continental Mortgage, you're dealing with experienced full-time Hollywood FL mortgage lending professionals who know Hollywood FL real estate. We offer a huge assortment of Hollywood FL mortgage programs built around Florida home buyers and homeowners.

Whether you're buying a first Hollywood FL home using our great Hollywood FL FHA mortgage program or refinancing a home you already own using traditional Florida mortgage financing, nothing helps more than having a seasoned Florida mortgage lender working hard to make your dreams a reality.

As a well established and seasoned Hollywood Florida mortgage business, 1st Continental Mortgage and our employees are far from being the new kids on the Hollywood FL home loan block. Established in 1997, 1st Continental Mortgage has delivered low Hollywood FL mortgage rates, great terms, and on time real estate closing to Florida mortgage clients for a decade. Why not give us a call today or use our convenient quick application to see what we can accomplish together!

Superior Hollywood FL Home Loan Solutions

Here is what three of our recent Hollywood FL home lending clients had to say about the Hollywood FL Mortgage financing they received from us.

"As first time Hollywood FL Home Buyers, we were not sure what to expect from a Hollywood FL mortgage company. Tom and 1st Continental Mortgage made applying and getting pre-approved for our FHA loan simple. Tom was very thorough in explaining our loan options and staying in touch with us from start to finish. We're happy to recommend him to anyone needing a home loan."

Janice - Hollywood FL

"I needed to Refinance my Hollywood FL home right away to stop Foreclosure. Tom at 1st Continental Mortgage provided excellent service and extremely fast turnaround for my Hollywood FL refinance. Tom saved my home and I simply can't thank him enough!"

David - Hollywood FL, Florida

"Our bank wouldn't finance the Hollywood FL manufactured home we wanted, but Tom at 1st Continental mortgage matched us with a very affordable Hollywood FL FHA loan. It was nice dealing with a Florida lender that actually made getting the loan a pleasant experience. Thank you Tom! We had almost given up on buying that country home!"

Dianna&Michael - Hollywood FL

Give us a call 1-800-570-0448 or use our quick application to find out more about the many Hollywood FL programs we can make available.

A Florida Mortgage Lender With Access
To The Best Florida Mortgage Financing

Many people go directly to their local bank when it's time to get a Florida mortgage. They don't think too much about it: a mortgage is a mortgage, right? In fact, the fees charged, skill, and relevant experience of Hollywood FL loan officers differs dramatically.

But, equally important, heading right for the local bank or credit union could be a costly mistake! Why? The fact is, it may limit you to only the loans offered by them.

As a Hollywood FL Mortgage Lender, 1st Continental Hollywood FL Mortgage can readily act as Hollywood FL mortgage broker and match you with the best Florida mortgage financing programs from hundreds of lenders. We are an independent mortgage lender and beyond our own offerings, we can shop the pick of many Florida lenders for the best rates and terms for your Hollywood FL mortgage financing in Hollywood FL or any of the other Florida cities that we serve. Further, unlike the local bank or credit union, we don't close up shop at 4:30. We have the dedication to personal client service that many big banks proclaim but fail to deliver.

We are a Hollywood FL Mortgage Business with a Serious Commitment to Customer Service!

Every Hollywood FL mortgage lender's website promises that they provide outstanding customer service, but few of them ever bother to tell you specifically what that promise means.

What is good Hollywood FL customer service?

It's All About Your Hollywood FL home loan!

Good service on your Hollywood FL home loan begins with respect. We'll ask the right questions and listen so that we understand your short and long term financial objectives before we ever recommend a particular mortgage program.

Successful Hollywood FL mortgage service means being able to demonstrate the long-term costs of different mortgages and spell out the advantages and drawbacks in plain English. Whether you are a seasoned Investor seeking a Florida 100% financing loan in St. Petersburg, or a first time home buyer looking for the security of a government insured FHA mortgage in Hollywood FL, we will spell out the options and their full costs clearly.

Good mortgage service means being responsive and available. Some Hollywood FL mortgage businesses make you wade through a complex voice mail system or negotiate a multi-department maze to get answers on your Hollywood FL home loan financing. Not 1st Continental Hollywood FL Mortgage. From application to closing, you will have a single dedicated point of contact for your Hollywood FL mortgage. No excuses, just answers.

You can expect your Hollywood FL mortgage professional to be meticulous at the beginning. Once he or she has asked the right questions and we have identified the best Florida mortgage program, your loan officer will help you gather the documentation to create a well-presented and complete loan application. We take the same care whether it is a simple 30k home equity line of credit for renovations in Hudson or a Florida Jumbo mortgage for an estate home in West Palm Beach.

Your 1st Continental Hollywood FL Mortgage loan officer will be proactive. Applying for a home loan and starting the journey to the closing table can be an anxious time. We will keep you in the loop as we work to assure that your Hollywood FL mortgage loan closes as promised with no surprises. Expect prompt answers and frequent updates as your loan moves from application to approval to funded and closed.

Your Hollywood Florida home 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 Hollywood FL, you can count on our understanding just how important your loan is. You may only shop for a Florida mortgage

http://www.trulia.com/blog/bobby_miller_2/2009/04/hollywood_fl_mortgage_h

Texas FHA Home Loans, Texas FHA Mortgage Lenders, Texas FHA Refinance

1st Continental Mortgage — Wed, 06 Feb 2008 06:54:19 -0600

Texas FHA Home Loans, Texas FHA Mortgage Lenders, Texas FHA Refinance

Facts about FHA Loans for Texas home buyers

What can the government do for the Texas first time Homebuyers?

Since 1934, the Federal Housing Administration has been helping Texas homebuyers become a homeowners. FHA is part of the U.S. Department of Housing and Development (HUD) and insures loans so lenders can offer you a better loan deal. FHA insures mortgages on single family, multifamily, manufactured homes throughout Texas and beyond http://www.fhahomeloanmortgage.com/

How can FHA Benefit the Texas Homebuyer?

Low Down Payments
Low Closing Costs
Easy Credit Qualifying

What kind of programs does FHA have to offer me?

Texas First Time Homebuyers: can have a down payment for as little as 3% of the purchase price, with closing costs included as part of the loan.
Home Renovation: buy a home, re-model or renovate, and include the costs in the loan. Or renovate or repair a home you own, by refinancing your current mortgage to include of repairs in the loan.
FHA Energy-Efficient Loan: energy improvements into the mortgage.
FHASecure: a refinancing option for those with Adjustable Rates

Where can I Apply for Texas FHA loans? http://www.fhahomeloanmortgage.com/

What are the Texas FHA lending Limits?

MSA Name	County Name	One - Family
PALESTINE, TX (MICRO)	ANDERSON	$200,160
ANDREWS, TX (MICRO)	ANDREWS	$200,160
LUFKIN, TX (MICRO)	ANGELINA	$200,160
CORPUS CHRISTI, TX (MSA)	ARANSAS	$200,160
WICHITA FALLS, TX (MSA)	ARCHER	$200,160
AMARILLO, TX (MSA)	ARMSTRONG	$200,160
SAN ANTONIO, TX (MSA)	ATASCOSA	$200,160
HOUSTON - SUGAR LAND - BAYTOWN, TX (MSA)	AUSTIN	$200,160
NON-METRO	BAILEY	$200,160
SAN ANTONIO, TX (MSA)	BANDERA	$200,160
AUSTIN - ROUND ROCK, TX (MSA)	BASTROP	$200,160
NON-METRO	BAYLOR	$200,160
BEEVILLE, TX (MICRO)	BEE	$200,160
KILLEEN - TEMPLE - FORT HOOD, TX (MSA)	BELL	$200,160
SAN ANTONIO, TX (MSA)	BEXAR	$200,160
NON-METRO	BLANCO	$200,160
NON-METRO	BORDEN	$200,160
NON-METRO	BOSQUE	$200,160
TEXARKANA, TX - TEXARKANA, AR (MSA)	BOWIE	$200,160
HOUSTON - SUGAR LAND - BAYTOWN, TX (MSA)	BRAZORIA	$200,160
COLLEGE STATION - BRYAN, TX (MSA)	BRAZOS	$200,160
NON-METRO	BREWSTER	$200,160
NON-METRO	BRISCOE	$200,160
NON-METRO	BROOKS	$200,160
BROWNWOOD, TX (MICRO)	BROWN	$200,160
COLLEGE STATION - BRYAN, TX (MSA)	BURLESON	$200,160
NON-METRO	BURNET	$200,160
AUSTIN - ROUND ROCK, TX (MSA)	CALDWELL	$200,160
VICTORIA, TX (MSA)	CALHOUN	$200,160
ABILENE, TX (MSA)	CALLAHAN	$200,160
BROWNSVILLE - HARLINGEN, TX (MSA)	CAMERON	$200,160
NON-METRO	CAMP	$200,160
AMARILLO, TX (MSA)	CARSON	$200,160
NON-METRO	CASS	$200,160
NON-METRO	CASTRO	$200,160
HOUSTON - SUGAR LAND - BAYTOWN, TX (MSA)	CHAMBERS	$200,160
JACKSONVILLE, TX (MICRO)	CHEROKEE	$200,160
NON-METRO	CHILDRESS	$200,160
WICHITA FALLS, TX (MSA)	CLAY	$200,160
NON-METRO	COCHRAN	$200,160
NON-METRO	COKE	$200,160
NON-METRO	COLEMAN	$200,160
DALLAS - PLANO - IRVING, TX METROPOLITAN DIVISION	COLLIN	$200,160
NON-METRO	COLLINGSWORTH	$200,160
NON-METRO	COLORADO	$200,160
SAN ANTONIO, TX (MSA)	COMAL	$200,160
NON-METRO	COMANCHE	$200,160
NON-METRO	CONCHO	$200,160
GAINESVILLE, TX (MICRO)	COOKE	$200,160
KILLEEN - TEMPLE - FORT HOOD, TX (MSA)	CORYELL	$200,160
NON-METRO	COTTLE	$200,160
NON-METRO	CRANE	$200,160
NON-METRO	CROCKETT	$200,160
LUBBOCK, TX (MSA)	CROSBY	$200,160
NON-METRO	CULBERSON	$200,160
NON-METRO	DALLAM	$200,160
DALLAS - PLANO - IRVING, TX METROPOLITAN DIVISION	DALLAS	$200,160
LAMESA, TX (MICRO)	DAWSON	$200,160
NON-METRO	DE WITT	$200,160
HEREFORD, TX (MICRO)	DEAF SMITH	$200,160
DALLAS - PLANO - IRVING, TX METROPOLITAN DIVISION	DELTA	$200,160
DALLAS - PLANO - IRVING, TX METROPOLITAN DIVISION	DENTON	$200,160
NON-METRO	DICKENS	$200,160
NON-METRO	DIMMIT	$200,160
NON-METRO	DONLEY	$200,160
NON-METRO	DUVAL	$200,160
NON-METRO	EASTLAND	$200,160
ODESSA, TX (MSA)	ECTOR	$200,160
NON-METRO	EDWARDS	$200,160
EL PASO, TX (MSA)	EL PASO	$200,160
DALLAS - PLANO - IRVING, TX METROPOLITAN DIVISION	ELLIS	$200,160
STEPHENVILLE, TX (MICRO)	ERATH	$200,160
NON-METRO	FALLS	$200,160
BONHAM, TX(MICRO)	FANNIN	$200,160
NON-METRO	FAYETTE	$200,160
NON-METRO	FISHER	$200,160
NON-METRO	FLOYD	$200,160
NON-METRO	FOARD	$200,160
HOUSTON - SUGAR LAND - BAYTOWN, TX (MSA)	FORT BEND	$200,160
NON-METRO	FRANKLIN	$200,160
NON-METRO	FREESTONE	$200,160
NON-METRO	FRIO	$200,160
NON-METRO	GAINES	$200,160
HOUSTON - SUGAR LAND - BAYTOWN, TX (MSA)	GALVESTON	$200,160
NON-METRO	GARZA	$200,160
NON-METRO	GILLESPIE	$200,160
NON-METRO	GLASSCOCK	$200,160
VICTORIA, TX (MSA)	GOLIAD	$200,160
NON-METRO	GONZALES	$200,160
PAMPA, TX (MICRO)	GRAY	$200,160
SHERMAN - DENISON, TX (MSA)	GRAYSON	$200,160
LONGVIEW, TX (MSA)	GREGG	$200,160
NON-METRO	GRIMES	$200,160
SAN ANTONIO, TX (MSA)	GUADALUPE	$200,160
PLAINVIEW, TX (MICRO)	HALE	$200,160
NON-METRO	HALL	$200,160
NON-METRO	HAMILTON	$200,160
NON-METRO	HANSFORD	$200,160
NON-METRO	HARDEMAN	$200,160
BEAUMONT - PORT ARTHUR, TX (MSA)	HARDIN	$200,160
HOUSTON - SUGAR LAND - BAYTOWN, TX (MSA)	HARRIS	$200,160
MARSHALL, TX (MICRO)	HARRISON	$200,160
NON-METRO	HARTLEY	$200,160
NON-METRO	HASKELL	$200,160
AUSTIN - ROUND ROCK, TX (MSA)	HAYS	$200,160
NON-METRO	HEMPHILL	$200,160
ATHENS, TX (MICRO)	HENDERSON	$200,160
MCALLEN - EDINBURG - MISSION, TX (MSA)	HIDALGO	$200,160
NON-METRO	HILL	$200,160
LEVELLAND, TX (MICRO)	HOCKLEY	$200,160
GRANBURY, TX (MICRO)	HOOD	$200,160
SULPHUR SPRINGS, TX (MICRO)	HOPKINS	$200,160
NON-METRO	HOUSTON	$200,160
BIG SPRING, TX (MICRO)	HOWARD	$200,160
NON-METRO	HUDSPETH	$200,160
DALLAS - PLANO - IRVING, TX METROPOLITAN DIVISION	HUNT	$200,160
BORGER, TX (MICRO)	HUTCHINSON	$200,160
SAN ANGELO, TX (MSA)	IRION	$200,160
NON-METRO	JACK	$200,160
NON-METRO	JACKSON	$200,160
NON-METRO	JASPER	$200,160
NON-METRO	JEFF DAVIS	$200,160
BEAUMONT - PORT ARTHUR, TX (MSA)	JEFFERSON	$200,160
NON-METRO	JIM HOGG	$200,160
ALICE, TX (MICRO)	JIM WELLS	$200,160
FORT WORTH - ARLINGTON, TX METROPOLITAN DIVISION	JOHNSON	$200,160
ABILENE, TX (MSA)	JONES	$200,160
NON-METRO	KARNES	$200,160
DALLAS - PLANO - IRVING, TX METROPOLITAN DIVISION	KAUFMAN	$200,160
SAN ANTONIO, TX (MSA)	KENDALL	$200,160
KINGSVILLE, TX (MICRO)	KENEDY	$200,160
NON-METRO	KENT	$200,160
KERRVILLE, TX (MICRO)	KERR	$200,160
NON-METRO	KIMBLE	$200,160
NON-METRO	KING	$200,160
NON-METRO	KINNEY	$200,160
KINGSVILLE, TX (MICRO)	KLEBERG	$200,160
NON-METRO	KNOX	$200,160
NON-METRO	LA SALLE	$200,160
PARIS, TX (MICRO)	LAMAR	$200,160
NON-METRO	LAMB	$200,160
KILLEEN - TEMPLE - FORT HOOD, TX (MSA)	LAMPASAS	$200,160
NON-METRO	LAVACA	$200,160
NON-METRO	LEE	$200,160
NON-METRO	LEON	$200,160
HOUSTON - SUGAR LAND - BAYTOWN, TX (MSA)	LIBERTY	$200,160
NON-METRO	LIMESTONE	$200,160
NON-METRO	LIPSCOMB	$200,160
NON-METRO	LIVE OAK	$200,160
NON-METRO	LLANO	$200,160
NON-METRO	LOVING	$200,160
LUBBOCK, TX (MSA)	LUBBOCK	$200,160
NON-METRO	LYNN	$200,160
NON-METRO	MADISON	$200,160
NON-METRO	MARION	$200,160
NON-METRO	MARTIN	$200,160
NON-METRO	MASON	$200,160
BAY CITY, TX (MICRO)	MATAGORDA	$200,160
EAGLE PASS, TX (MICRO)	MAVERICK	$200,160
NON-METRO	MCCULLOCH	$200,160
WACO, TX (MSA)	MCLENNAN	$200,160
NON-METRO	MCMULLEN	$200,160
SAN ANTONIO, TX (MSA)	MEDINA	$200,160
NON-METRO	MENARD	$200,160
MIDLAND, TX (MSA)	MIDLAND	$200,160
NON-METRO	MILAM	$200,160
NON-METRO	MILLS	$200,160
NON-METRO	MITCHELL	$200,160
NON-METRO	MONTAGUE	$200,160
HOUSTON - SUGAR LAND - BAYTOWN, TX (MSA)	MONTGOMERY	$200,160
DUMAS, TX (MICRO)	MOORE	$200,160
NON-METRO	MORRIS	$200,160
NON-METRO	MOTLEY	$200,160
NACOGDOCHES, TX (MICRO)	NACOGDOCHES	$200,160
CORSICANA, TX (MICRO)	NAVARRO	$200,160
NON-METRO	NEWTON	$200,160
SWEETWATER, TX (MICRO)	NOLAN	$200,160
CORPUS CHRISTI, TX (MSA)	NUECES	$200,160
NON-METRO	OCHILTREE	$200,160
NON-METRO	OLDHAM	$200,160
BEAUMONT - PORT ARTHUR, TX (MSA)	ORANGE	$200,160
MINERAL WELLS, TX (MICRO)	PALO PINTO	$200,160
NON-METRO	PANOLA	$200,160
FORT WORTH - ARLINGTON, TX METROPOLITAN DIVISION	PARKER	$200,160
NON-METRO	PARMER	$200,160
NON-METRO	PECOS	$200,160
NON-METRO	POLK	$200,160
AMARILLO, TX (MSA)	POTTER	$200,160
NON-METRO	PRESIDIO	$200,160
NON-METRO	RAINS	$200,160
AMARILLO, TX (MSA)	RANDALL	$200,160
NON-METRO	REAGAN	$200,160
NON-METRO	REAL	$200,160
NON-METRO	RED RIVER	$200,160
PECOS, TX (MICRO)	REEVES	$200,160
NON-METRO	REFUGIO	$200,160
PAMPA, TX (MICRO)	ROBERTS	$200,160
COLLEGE STATION - BRYAN, TX (MSA)	ROBERTSON	$200,160
DALLAS - PLANO - IRVING, TX METROPOLITAN DIVISION	ROCKWALL	$200,160
NON-METRO	RUNNELS	$200,160
LONGVIEW, TX (MSA)	RUSK	$200,160
NON-METRO	SABINE	$200,160
NON-METRO	SAN AUGUSTINE	$200,160
HOUSTON - SUGAR LAND - BAYTOWN, TX (MSA)	SAN JACINTO	$200,160
CORPUS CHRISTI, TX (MSA)	SAN PATRICIO	$200,160
NON-METRO	SAN SABA	$200,160
NON-METRO	SCHLEICHER	$200,160
SNYDER, TX (MICRO)	SCURRY	$200,160
NON-METRO	SHACKELFORD	$200,160
NON-METRO	SHELBY	$200,160
NON-METRO	SHERMAN	$200,160
TYLER, TX (MSA)	SMITH	$200,160
GRANBURY, TX (MICRO)	SOMERVELL	$200,160
RIO GRANDE CITY - ROMA, TX (MICRO)	STARR	$200,160
NON-METRO	STEPHENS	$200,160
NON-METRO	STERLING	$200,160
NON-METRO	STONEWALL	$200,160
NON-METRO	SUTTON	$200,160
NON-METRO	SWISHER	$200,160
FORT WORTH - ARLINGTON, TX METROPOLITAN DIVISION	TARRANT	$200,160
ABILENE, TX (MSA)	TAYLOR	$200,160
NON-METRO	TERRELL	$200,160
NON-METRO	TERRY	$200,160
NON-METRO	THROCKMORTON	$200,160
MOUNT PLEASANT, TX (MICRO)	TITUS	$200,160
SAN ANGELO, TX (MSA)	TOM GREEN	$200,160
AUSTIN - ROUND ROCK, TX (MSA)	TRAVIS	$200,160
NON-METRO	TRINITY	$200,160
NON-METRO	TYLER	$200,160
LONGVIEW, TX (MSA)	UPSHUR	$200,160
NON-METRO	UPTON	$200,160
UVALDE, TX (MICRO)	UVALDE	$200,160
DEL RIO, TX (MICRO)	VAL VERDE	$200,160
NON-METRO	VAN ZANDT	$200,160
VICTORIA, TX (MSA)	VICTORIA	$200,160
HUNTSVILLE, TX (MICRO)	WALKER	$200,160
HOUSTON - SUGAR LAND - BAYTOWN, TX (MSA)	WALLER	$200,160
NON-METRO	WARD	$200,160
BRENHAM, TX (MICRO)	WASHINGTON	$200,160
LAREDO, TX (MSA)	WEBB	$200,160
EL CAMPO, TX (MICRO)	WHARTON	$200,160
NON-METRO	WHEELER	$200,160
WICHITA FALLS, TX (MSA)	WICHITA	$200,160
VERNON, TX (MICRO)	WILBARGER	$200,160
RAYMONDVILLE, TX (MICRO)	WILLACY	$200,160
AUSTIN - ROUND ROCK, TX (MSA)	WILLIAMSON	$200,160
SAN ANTONIO, TX (MSA)	WILSON	$200,160
NON-METRO	WINKLER	$200,160
FORT WORTH - ARLINGTON, TX METROPOLITAN DIVISION	WISE	$200,160
NON-METRO	WOOD	$200,160
NON-METRO	YOAKUM	$200,160
NON-METRO	YOUNG	$200,160
NON-METRO	ZAPATA	$200,160
NON-METRO	ZAVALA	$200,160

FHA Home Loans, Many Advantages to the Texas Homebuyer or Homeowner, FHA Texas Loans, Texas FHA Lender, FHA Loans Texas, FHA Home Loans Texas,

1st Continental Mortgage — Wed, 06 Feb 2008 06:12:31 -0600

Texas FHA Loans have many advantages to the Texas First time homebuyer. If you are a Texas Homebuyer or existing Texas homeowner you may want to consider an FHA mortgage for the following reasons,

Minimal Down Payment and Closing Costs, Texas homebuyers can get into homes for little or no money down,

· Down payment less than 3% of Sales Price and 100% Financing options available

· Gift for down payment and closing costs are allowed up to 6% of Sales price.

· No reserves or savings required.

· Easy Credit Qualifying Guidelines

· 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.

FHA Loans for Texas Single Family and Multi family Homes

FHA Loans for Texas Mobile Home loans (permanently affixed to the land)

FHA loans for Texas Condos

FHA Secure, Refinance Adjustable Rate Mortgage Texas

Texas FHA Limits For Texas FHA lending Limits Visit Here

http://www.fhahomeloanmortgage.com/

also known as 1st Continental Mortgage is dedicated to spreading the word about the benefits of the FHA mortgage programs to Texas homebuyers and Homeowners. With the sub prime market in turmoil and many lenders tightening up guidelines many mortgage companies are going back to the basics. Not only is the FHA mortgage easy to qualify for but there are many advantages to the program that the average American in unaware of.
FHA mortgages are less expensive and easier for the first time homebuyer to qualify for. The program was created to help to increase homeownership in the United States. FHA program makes buying a home easier and less expensive than other types of real estate mortgage Programs. Some examples include,
Federal Housing Administration is a government program overseen by Housing and Urban Development (HUD) to help low to moderate income to help Americans to obtain FHA mortgage loan on a 1-4 unit home.

Income Requirements for an FHA Mortgage Loan:
There is no minimum income requirement to obtain an FHA mortgage Insurance, however, FHA would like to see steady income for at least 2 years, and demonstrate a consistently payment history.

Debt-to-Income Ratio:
The FHA allows you to use 31% of your gross monthly income towards housing costs and 43% towards housing expenses reflected on your credit report. With a conventional loan the debt to income rations allows only 28% toward housing and 36% towards housing expenses and other debt. These requirements are not etched in stone and buyers can exceed these ratios if, you have a large down payment, have substantial cash reserves and other means to satisfy the mortgage payments.

Down Payment:
In order to qualify for an FHA mortgage you must have a down payment of at least 3% of the purchase price of the home. These funds can come from a friend, family member or a non profit.

For more questions on FHA home loans visit our frequently asked questions at

Proudly providing FHA home loans throughout Texas
Abilene | Alice | Amarillo | Andrews | Arlington | Athens | Austin | Bay City | Baytown
Beaumont | Beeville | Big Spring | Borger | Brenham | Brownsville | Brownwood | Bryan
College Station | Corpus Christi | Corsicana | Dallas | Del Rio | Denison | Dumas | Eagle Pass
Edinburg | El Campo | El Paso | Fort Worth | Gainesville | Galveston County | Granbury
Harlingen | Hereford | Houston | Huntsville | Irving | Jacksonville | Kerrville | Killeen
Kingsville | Lamesa | Laredo | Leander | Levelland | Longview | Lubbock | Lufkin | Marshall
Mcallen | Midland | Mineral Wells | Mission | Mount Pleasant | Nacogdoches | Odessa
Palestine | Pampa | Paris | Pecos | Plainview | Plano | Port Arthur | Raymondville
Rio Grande City | Round Rock | San Angelo | San Antonio | Sherman | Snyder | Stephenville
Sugar Land | Sulphur Springs | Sweetwater | Temple | Texarkana | Tyler | Uvalde | Vernon
Victoria | Waco | Wichita Falls

Texas FHA Mobile Home Loans

As Mortgage Lenders, we at 1st Continental Mortgage have helped scores of Texas from first time home buyers to vacation home buyers secure excellent FHA home loans to achieve mobile and modular home financing. If you need a loan for a mobile home on land, a modular home in a Florida subdivision or a manufactured home on acreage - please call 1-800-570-0448

Answers to Mobile Home Questions
Manufactured Home Q&A That Mean Something
http://www.fhamortgageprograms.com/faq/mobile-homes.shtml

More Information on Texas FHA mortgage Loans Visit http://www.fhahomeloanmortgage.com/

HUDs Official site , FHA for the Texas First time Homebuyerhttp://portal.hud.gov/portal/page?_pageid=33,717066&_dad=portal&_schema=PORTAL

HUDS official Site for FHA for Homeowners http://portal.hud.gov/portal/page?_pageid=33,717489&_dad=portal&_schema=PORTAL

HUD official Site for FHA loans to Help Texas Homeowners Avoid Foreclosure http://portal.hud.gov/portal/page?_pageid=33,717348&_dad=portal&_schema=PORTAL

HUDS official site for FHA Secure to Refinance out of an Adjustable Rate Mortgage Texas http://portal.hud.gov/portal/page?_pageid=33,717446&_dad=portal&_schema=PORTAL

HUDs Official site for Texas Mobile Homebuyers or Mobile home owners http://portal.hud.gov/portal/page?_pageid=33,716858&_dad=portal&_schema=PORTAL