An FHA Mortgage Can Help You buy A Florida home?
The FHA insured Florida mortgages offer many benefits and protections that only come with FHA:
FHA Mortgages Are Easier to Qualify: Because FHA insures your Florida mortgage, FHA approved Florida FHA mortgage lenders ad are willing to give you loan terms that make it easier for you to buy or refinance a Florida home..
FHA Mortages Allows Less than Perfect Credit: Borrowers quickly find that ou don’t have to have a perfect credit score to get an Florida FHA mortgage. In fact, even if you have had credit problems, such as a recent Foreclosure or bankruptcy, it’s easier for you to qualify for an FHA mortgage than a conventional loan.
FHA Offers The Florida Mortgage Applicants The Lowest Down Payment: FHA Mortgage allow borrowers to have as little as 3.5% downpayment and that money can come from a family member, employer or charitable organization as a gift. o other Florida Mortgage programs offers this advantage.
Less Costly: FHA mortgage loans have the lowest interest rates because the Federal government insures these FHA mortgage loans.
Stop Foreclosure Benifits Help You Keep Your Home: The FHA mortgage home loan has been around to help Florida home loan applicants since 1934 and will continue to be here to protect Florida home buyers. Should you encounter hard times after buying your Florida home, FHA has many options to help you keep you in your Florida home and avoid a foreclosure.
An FHA insured Florida mortgage may be used to purchase or refinance a new or existing 1-4 family home, a condominium unit or a manufactured housing unit (provided the manufactured housing unit is on a permanent foundation.)
HUD’s internet site can provide additional information on Florida FHA mortgages by going to: http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_home
You can also find an FHA approved lender in your area by going to:http://www.hud.gov/ll/code/llslcrit.cfm
You may also wish to contact a HUD approved housing counseling agency in your area for unbiased counseling on your particular situation.
You can find a list of these agencies at
There are also many local and State government programs available that use HUD and/or non-HUD funds to provide grants for the downpayment or to help pay closing costs.
To find out what programs are available in your area visit