FHA Loans: Buying a Home using a FHA Loan
Apply for a
Florida FHA Home Mortgage Loan or call us
The FHA loan program
was created to help increase homeownership. The FHA program makes
buying a home easier and less expensive than other types of real
estate mortgage home loan programs. Some highlights of the FHA loan
Minimal Down Payment
and Closing Costs
less than 3% of Sales Price
Financing options available*
for downpayment and closing costs allowed.
reserves or required.
regulated closing costs.
can credit up to 6% of sales price towards buyers costs.
Qualifying Guidelines such as:
minimum FICO score or credit score requirments.
will allow a home purchase two years after a Bankruptcy.
will allow a home purchase three years after a Foreclosure.
Easier Debt Ratio
& Job Requirement Guidelines such as:
Debt Ratio's than other home loan programs.
than two years on the job is allowed.
These advantages of the
FHA loan program has made it one of the best options for most first
time home buyers as well as move-up home buyers.
You do not have to be
a first time buyer to obtain a FHA loan, anyone may use a FHA loan
as long as you do not have more than one FHA insured loan at any