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Florida FHA Mortgage, FHA home loans 97% W/ 530 FICO SCORE!!!!

By Tommy Martin

Mortgage and Lending with 1st Continental Mortgage

April 27, 2009 10:32 PM

Florida Mortgage lender, Florida Home Loans

Minimal Down Payment and Closing Costs.

•· Down payment only 3.5% of Sales Price

•· 100% Financing options available

•· No reserves or required.

•· FHA regulated closing costs.

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

Easier Credit Qualifying Guidelines such as:

•· No minimum FICO score or credit score requirements.

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

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

Easier Debt Ratio&Job Requirement Guidelines such as:

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

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

•· Self-Employed individuals o.k.

Apply for an FHA loan at www.FHAmortgagePrograms.com

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.

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

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

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

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

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

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

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

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

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

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

Your Florida Mortgage Lender

Providing Mortgage Services in Florida

To endure and be the most successful Florida mortgage lender, we have learned to adapt to a 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 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 Florida Mortgage lenders.

However, not with our team.

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

As a mortgage lender in 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 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 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 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 Sarasota and other cities throughout 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.

A Florida Mortgage Lender Motivated to Lend

Also providing Florida FHA loan & Florida FHA mortgage Communities:

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Refinance, Home Buyer Financing, Homeowner Refinance, Construction Loans, FHA Loans, FHA Loan Limits, Mobile Home Loans, Foreclosure Help, Jumbo Mortgage Loans, Interest Only Loan, Real Estate Investors, Second Mortgage, Bad Credit Mortgage, Florida Mortgage Lender,

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