Florida FHA Mortgage Lenders, Florida FHA HOME LOANS
1ST Continental Mortgage Florida FHA Mortgage Lender, We are approved by HUD to originate FHA Mortgage loans throughout Florida and beyond.
Proudly Serving These Communities:
Arcadia | Boca Raton | Boynton Beach | Bradenton | Brandon | Cape Coral | Clearwater
Clewiston | Crestview | Daytona Beach | Deerfield Beach | DeLand | Delray Beach | Deltona
Destin | Englewood | Fort Lauderdale | Fort Myers | Fort Pierce | Fort Walton Beach
Gainesville | Hollywood | Homosassa Springs | Jacksonville | Key West | Kissimmee | Lake City
Lakeland | Lynn Haven | Marathon | Marco Island | Melbourne | Miami | Miami Beach | Naples
North Fort Myers | North Miami Beach | Ocala | Okeechobee | Orlando | Ormond Beach
Osprey | Palatka | Palm Bay | Palm Coast | Panama City | Pensacola | Pompano Beach
Port St. Lucie | Punta Gorda | Saint Augustine | Santa Rosa County | Sarasota | Sebastian
Sebring | Spring Hill | St. Petersburg | Tallahassee | Tampa | The Villages County | Titusville
Venice | Vero Beach | Wauchula | Wesley Chapel | West Palm Beach | Winter Park
Proudly Serving These Counties:
Marion | Sumter | Lake | Seminole | Orange | Osceola | Polk | Hardee | Highlands | Volusia
Brevard | Indian River | Okeechobee | St. Lucie | Citrus | Hernando | Pasco | Pinellas
Hillsborough | Manatee | Sarasota | DeSoto | Gadsden | Leon | Wakulla | Jefferson | Madison
Taylor | Hamilton | Suwannee | Lafayette | Dixie | Columbia | Union | Bradford | Gilchrist
Alachua | Levy | Baker | Nassau | Duval | Clay | St Johns | Putnam | Flagler | Escambia
Santa Rosa | Okaloosa | Walton | Holmes | Washington | Bay | Jackson | Calhoun | Liberty
Gulf | Franklin | Martin | Palm Beach | Broward | Miami-Dade | Monroe | Charlotte
Glades | Lee | Hendry | Collier
ADVANTAGES TO THE FHA HOME LOAN INCLUDE
•· Low Down Payment requirements of 3% and 100% financing options available.
•· 95% of Appraised Value for a Cash-Out Refinance
•· FHA Streamline Refinance
•· NO Income Maximum Limits
•· Gift Funds: 3% down payment can come from FRIEND, FAMILY MEMBER OR NON PROFIT
•· Seller CAN PAY UP TO 6% OF YOUR CLOSING COST!
•· Down Payment Assistance for Texas Homebuyers
•· NO Cash Reserves Required
•· Self Employed OK
•· Permanent Alien OK
•· NO pre-payment penalty
•· FHA Secure
•· FHA Frequently Asked Questions
Fill out a Quick Application Call us with any questions in regards to FHA financing at 954-391-8387
If you are looking to buy property in Florida then you want to seriously consider an Florida FHA mortgage. The FHA loan offers some of the most competitive home loan rates and programs, but still there are a lot of finer details that you may miss out on. Florida fast turning out to be the new condominium destination apart from the other real estate options that are also available.
An Florida FHA Loan is insured by the Federal Housing Administration, which is one of the divisions of Department of Housing and Urban Development or HUD. FHA loans offer flexible credit guidelines. There are certain criteria and requirements that you will have to meet in order to apply and get an Alabama FHA Home Loan. Some of the criteria are:
- You should be able to show a good credit payment history for the previous 12 months
- If you have filed for bankruptcy then you should be in Chapter 13 bankruptcy and need to be paying on time or in Chapter 7 bankruptcy but discharged for at least 2 years.
- An FHA loan also entitles you to apply for a home loan with a market limit that is in sync with that specific area's FHA loan limits.
- FHA loans don't have any income restrictions.
Some of the major benefits that you can enjoy with an FHA loan in Florida are:
- All types of closing costs may be paid by the seller
- There is only a 3% down payment
- Down payment programs are allowed
The most important part is to find a good or reputable Florida mortgage company like 1st Continental Mortgage Any Florida FHA lender must be approved by HUD in order to originate the FHA home loan program.
Our FHA Loan program in Florida is very competitive, beneficial and regarded as an outstanding mortgage opportunity for any home buyer or homeowner. You need to know that the Federal housing authority or FHA does not originate the FHA home loans, which are basically funded under the FHA loan category. They will only insure FHA mortgages, which have been underwritten by an approved FHA mortgage lender like 1st Continental Mortgage, or placed with a lender by a HUD approved mortgage broker.
The Federal Housing Administration was actually created by congress in 1937 to provide more Americans with an opportunity at buying a home through financing options that were not present at the time. Before FHA came into the picture, owning a home meant a huge down payment of anywhere between 30 to 50%, plus the loans were offered through the local community banks with limitations in the form of terms and conditions. FHA revolutionized the mortgage lending industry for the average America.
As an Florida Mortgage originator, 1st Continental Mortgage charges standard FHA Lending Fees, which normally don't change. On top of that you get a great mortgage rate, which is independent of your credit scores. The home inspection and home appraisal are the two costs, which need to be paid for before closing. So if you haven't closed then you won't have to pay any other lender fee.
There are various types of loan costs involved in an Florida FHA loan, as a AL FHA borrower, there are also certain fees you cannot be charged. Below is a simple list and not all items may apply to you:
- The lenders fee: This includes underwriting, loan processing, wire transfers, loan origination, credit report, funding, and prepaid interest.
- Closing Costs: This includes settlement, closing, title inspection, title search, insurance binder, warehouse, owner policy and lender policy.
- Various government costs: These would include recording fee, document tax, state document tax, appraisals, home inspection and termite inspection.
When you are considering an Florida FHA mortgage lender, there are certain considerations or finer points that you need to check. At 1st Continental Mortgage we strive hard to meet our own and your expectations:
- The mortgage lender should offer you a competitive FHA Interest Rates
- They should have flexible FHA Loan qualification guidelines
- The mortgage company should have creative financing solutions
- They should offer simple interest, fixed and adjustable interest rates for more variation and choice
- The lending company should offer low rate debt consolidation loans
- They should have the FHA 203k loan for home rehabilitation and improvement
- They should be a true, full service FHA company and not discriminate by type of home you want to finance. FHA will finance a wide range of home types including manufactured homes with land. Lenders who "Do FHA" but won't underwrite and fund qualified borrowers for a manufactured home loan don't deserve your business! All the FHA loans offered by them should be HUD approved including manufactured home loans.
Proudly Serving These Communities:
Arcadia | Boca Raton | Boynton Beach | Bradenton | Brandon | Cape Coral | Clearwater
Clewiston | Crestview | Daytona Beach | Deerfield Beach | DeLand | Delray Beach | Deltona
Destin | Englewood | Fort Lauderdale | Fort Myers | Fort Pierce | Fort Walton Beach
Gainesville | Hollywood | Homosassa Springs | Jacksonville | Key West | Kissimmee | Lake City
Lakeland | Lynn Haven | Marathon | Marco Island | Melbourne | Miami | Miami Beach | Naples
North Fort Myers | North Miami Beach | Ocala | Okeechobee | Orlando | Ormond Beach
Osprey | Palatka | Palm Bay | Palm Coast | Panama City | Pensacola | Pompano Beach
Port St. Lucie | Punta Gorda | Saint Augustine | Santa Rosa County | Sarasota | Sebastian
Sebring | Spring Hill | St. Petersburg | Tallahassee | Tampa | The Villages County | Titusville
Venice | Vero Beach | Wauchula | Wesley Chapel | West Palm Beach | Winter Park
Proudly Serving These Counties:
Marion | Sumter | Lake | Seminole | Orange | Osceola | Polk | Hardee | Highlands | Volusia
Brevard | Indian River | Okeechobee | St. Lucie | Citrus | Hernando | Pasco | Pinellas
Hillsborough | Manatee | Sarasota | DeSoto | Gadsden | Leon | Wakulla | Jefferson | Madison
Taylor | Hamilton | Suwannee | Lafayette | Dixie | Columbia | Union | Bradford | Gilchrist
Alachua | Levy | Baker | Nassau | Duval | Clay | St Johns | Putnam | Flagler | Escambia
Santa Rosa | Okaloosa | Walton | Holmes | Washington | Bay | Jackson | Calhoun | Liberty
Gulf | Franklin | Martin | Palm Beach | Broward | Miami-Dade | Monroe | Charlotte
Glades | Lee | Hendry | Collier
THESE LIMITS ARE TEMPOARTY LENDING LIMITS AND WILL ONLY LAST FOR 2008
MSA Name | County Name | State | One-Family | Two-Family | Three-Family | Four-Family |
GAINESVILLE, FL (MSA) | ALACHUA | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
JACKSONVILLE, FL (MSA) | BAKER | FL | $387,500.00 | $496,050.00 | $599,600.00 | $745,200.00 |
PANAMA CITY-LYNN HAVEN, FL (MSA) | BAY | FL | $396,250.00 | $507,250.00 | $613,150.00 | $762,000.00 |
NON-METRO | BRADFORD | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
PALM BAY-MELBOURNE-TITUSVILLE, FL (MSA) | BREVARD | FL | $291,250.00 | $372,850.00 | $450,700.00 | $560,100.00 |
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL | BROWARD | FL | $423,750.00 | $542,450.00 | $655,700.00 | $814,900.00 |
NON-METRO | CALHOUN | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
PUNTA GORDA, FL (MSA) | CHARLOTTE | FL | $296,250.00 | $379,250.00 | $458,400.00 | $569,700.00 |
HOMOSASSA SPRINGS, FL (MICRO) | CITRUS | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
JACKSONVILLE, FL (MSA) | CLAY | FL | $387,500.00 | $496,050.00 | $599,600.00 | $745,200.00 |
NAPLES-MARCO ISLAND, FL (MSA) | COLLIER | FL | $531,250.00 | $680,100.00 | $822,050.00 | $1,021,650.00 |
LAKE CITY, FL (MICRO) | COLUMBIA | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
ARCADIA, FL (MICRO) | DE SOTO | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | DIXIE | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
JACKSONVILLE, FL (MSA) | DUVAL | FL | $387,500.00 | $496,050.00 | $599,600.00 | $745,200.00 |
PENSACOLA-FERRY PASS-BRENT, FL (MSA) | ESCAMBIA | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
PALM COAST, FL (MICRO) | FLAGLER | FL | $287,500.00 | $368,050.00 | $444,900.00 | $552,900.00 |
NON-METRO | FRANKLIN | FL | $305,000.00 | $390,450.00 | $471,950.00 | $586,550.00 |
TALLAHASSEE, FL (MSA) | GADSDEN | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
GAINESVILLE, FL (MSA) | GILCHRIST | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | GLADES | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | GULF | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | HAMILTON | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
WAUCHULA, FL (MICRO) | HARDEE | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
CLEWISTON, FL (MICRO) | HENDRY | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) | HERNANDO | FL | $292,500.00 | $374,450.00 | $452,600.00 | $562,500.00 |
SEBRING, FL (MICRO) | HIGHLANDS | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) | HILLSBOROUGH | FL | $292,500.00 | $374,450.00 | $452,600.00 | $562,500.00 |
NON-METRO | HOLMES | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
SEBASTIAN-VERO BEACH, FL (MSA) | INDIAN RIVER | FL | $283,750.00 | $363,250.00 | $439,050.00 | $545,650.00 |
NON-METRO | JACKSON | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
TALLAHASSEE, FL (MSA) | JEFFERSON | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | LAFAYETTE | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
ORLANDO-KISSIMMEE, FL (MSA) | LAKE | FL | $353,750.00 | $452,850.00 | $547,400.00 | $680,300.00 |
CAPE CORAL-FORT MYERS, FL (MSA) | LEE | FL | $356,250.00 | $456,050.00 | $551,250.00 | $685,100.00 |
TALLAHASSEE, FL (MSA) | LEON | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | LEVY | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | LIBERTY | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | MADISON | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
SARASOTA-BRADENTON-VENICE, FL (MSA) | MANATEE | FL | $442,500.00 | $566,450.00 | $684,750.00 | $850,950.00 |
OCALA, FL (MSA) | MARION | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
PORT ST. LUCIE-FORT PIERCE, FL (MSA) | MARTIN | FL | $375,000.00 | $480,050.00 | $580,300.00 | $721,150.00 |
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISIO | MIAMI-DADE | FL | $423,750.00 | $542,450.00 | $655,700.00 | $814,900.00 |
KEY WEST-MARATHON, FL (MICRO) | MONROE | FL | $729,750.00 | $934,200.00 | ########### | $1,403,400.00 |
JACKSONVILLE, FL (MSA) | NASSAU | FL | $387,500.00 | $496,050.00 | $599,600.00 | $745,200.00 |
FORT WALTON BEACH-CRESTVIEW-DESTIN, FL (MSA) | OKALOOSA | FL | $312,500.00 | $400,050.00 | $483,550.00 | $600,950.00 |
OKEECHOBEE, FL (MICRO) | OKEECHOBEE | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
ORLANDO-KISSIMMEE, FL (MSA) | ORANGE | FL | $353,750.00 | $452,850.00 | $547,400.00 | $680,300.00 |
ORLANDO-KISSIMMEE, FL (MSA) | OSCEOLA | FL | $353,750.00 | $452,850.00 | $547,400.00 | $680,300.00 |
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METRO | PALM BEACH | FL | $423,750.00 | $542,450.00 | $655,700.00 | $814,900.00 |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) | PASCO | FL | $292,500.00 | $374,450.00 | $452,600.00 | $562,500.00 |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) | PINELLAS | FL | $292,500.00 | $374,450.00 | $452,600.00 | $562,500.00 |
LAKELAND, FL (MSA) | POLK | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
PALATKA, FL (MICRO) | PUTNAM | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
PENSACOLA-FERRY PASS-BRENT, FL (MSA) | SANTA ROSA | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
SARASOTA-BRADENTON-VENICE, FL (MSA) | SARASOTA | FL | $442,500.00 | $566,450.00 | $684,750.00 | $850,950.00 |
ORLANDO-KISSIMMEE, FL (MSA) | SEMINOLE | FL | $353,750.00 | $452,850.00 | $547,400.00 | $680,300.00 |
JACKSONVILLE, FL (MSA) | ST. JOHNS | FL | $387,500.00 | $496,050.00 | $599,600.00 | $745,200.00 |
PORT ST. LUCIE-FORT PIERCE, FL (MSA) | ST. LUCIE | FL | $375,000.00 | $480,050.00 | $580,300.00 | $721,150.00 |
THE VILLAGES, FL (MICRO) | SUMTER | FL | $278,750.00 | $356,850.00 | $431,350.00 | $536,050.00 |
NON-METRO | SUWANNEE | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | TAYLOR | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | UNION | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (MSA) | VOLUSIA | FL | $303,750.00 | $388,850.00 | $470,000.00 | $584,150.00 |
TALLAHASSEE, FL (MSA) | WAKULLA | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
NON-METRO | WALTON | FL | $362,790.00 | $464,400.00 | $561,400.00 | $697,650.00 |
NON-METRO | WASHINGTON | FL | $271,050.00 | $347,000.00 | $419,400.00 | $521,250.00 |
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What is a Home Loan?
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What is Refinancing?
What is FHA?
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What is a Pre-Approval Letter?
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What do I need to apply for a mortgage?
What is the difference between a fixed and adjustable rate mortgage?
Can I buy a house using a FHA Loan?
How much mortgage do I qualify for using an FHA Loan?
Does the FHA loan impact how much house I can qualify to buy?
How do I qualify for a home mortgage using the FHA program?
What is the difference between a regular mortgage and a FHA Loan?
Do you have to improve your credit score to get a better rate with FHA?
What is the importance of credit when you apply for an FHA Loan?
I heard the FHA loan is only for 1st time buyers, is that true?
My mortgage company says I should not consider the FHA program. Why should I listen to you and not them?
I want to improve my mortgage term. Can I refinance my FHA loan now?
How soon can I refinance to a new home loan?
How often can I refinance my home?
How can I refinance my home when I have credit problems?
Where can I refinance my home if I'm late on my mortgage?
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