FHA Mortgage Lenders in Clearwater Florida
Florida FHA 100% Mortgage Lenders provide the easiest way to buy an FHA mortgage in Florida. Simply put, an FHA mortgage offers the most accessible path to homeownership. Thanks to the low FHA Mortgage down payment and easy credit requirements. Find out how to qualify for an FHA Mortgage or an FHA cashout refinance in Florida, or an FHA manual underwrite if you had bad credit. We even have Rent Own Florida FHA Mortgage Lenders that let you pick out your own house until you qualify for an FHA mortgage. And if you are still not sure whether an FHA mortgage will work for you, check our FHA frequently asked questions to decide!
100% Florida FHA Mortgage Lenders
FHA Mortgage Service Areas:
Largo, FL, –Dunedin, FL -Safety Harbor, FL – Palm Harbor, FL – Seminole, FL -Oldsmar, FL -Pinellas Park, FL -East Lake, FL -Tarpon Springs, FL -Saint Pete Beach, FL -Holiday, FL -Citrus Park, FL -Gulfport, FL –Tampa FL,- Saint Petersburg, FL – Elfers, FL – Largo, FL – Crystal Beach
4C FHA Mortgage Checklist
| 1. CASH | Min 580 credit score qualifies for 3.5% down with 100% financing options available. Or, 10% downpayment is required if your credit score is between 500 and 579. The seller can pay up to 6% of the closing cost. This must be requested in your purchase contract. |
| 2. CREDIT | Minimum 500+ credit score – based on payment history, not credit score driven. |
| 3. CAPACITY/(DTI) | Standard 31/43 – Max DTI 46.9-56.9% with AUS approval |
| 4. COLLATERAL | Single-family homes, multi-family 2-4 units, townhomes, villas, FHA-approved condos, manufactured, modular homes. |
| SUMMARY | FHA mortgage loans are basically the easiest loan to qualify for. Purchase or Refinancing using FHA loans must fully document income and assets. |
What is an FHA Mortgage Loan?
FHA stands for the Federal Housing Administration. The FHA does not make loans directly instead, the FHA insures private mortgage lenders against loss. The FHA is governed by the U.S. Department of Housing and Urban Development (HUD), and FHA mortgages are backed and guaranteed by the U.S. government. This means that if a borrower stops making their mortgage payments, the government helps FHA mortgage lenders in Clearwater, Florida, recover their losses. The FHA mortgage insurance encourages lenders to make loans to first-time home buyers, borrowers with bad credit, or no credit score, and to manually underwrite FHA loans. Overall, FHA mortgage insurance makes FHA mortgage loans the easiest to qualify for. Keep in mind that the FHA loan is only for primary residences and is not intended for second homes or investment properties.
FHA Mortgages Are More Affordable:
- 3.5% Down with 100% Financing options available.
- Seller Paid Closing costs up to 6%.
- Gifts from family or Grants OK!
- No reserves are required.
- FHA-regulated closing costs.
FHA Mortgages Are Flexable:
- Higher debt ratios up to 56.9%
- Less than two years on the same job is OK!
- Self-employed OK!
FHA Mortgages Are Easier On Credit:
- FHA minimum 580 score = 3.5% down or 96.5% financing.
- FHA minimum 500+ credit score = 10% Down
- FHA purchase 12 months after a Chapter 13 Bankruptcy
- FHA purchases 24 months after a Chapter 7 Bankruptcy.
- FHA purchase 3 years after a Foreclosure.
- No Credit Score Approvals using alternate trade lines.
- FHA Cashout Refinance Up To 80% loan-to-value!
FHA Mortgage Topics
Towns Near Clearwater, Florida at a Glance
- Safety Harbor, FL – 7.3 miles east – small town with great waterfront
- Dunedin FL – 3.8 miles north – Scottish heritage and fantastic beaches
- Palm Harbor, FL – 8.4 miles north – affordable and great for outdoor activities
- Oldsmar, FL – 11.7 miles northeast – great festivals and a lot of parks
- Tarpon Springs, FL – 14 miles north – Greek heritage between Clearwater, Palm Harbor, and Tampa
- Largo, FL – 4.5 miles south – affordable with a great arts scene
FHA Mortgage Lenders Coverage Area
| Cities near Clearwater |
| Location |
| Belleair, Florida |
| Belleair Bluffs, Florida |
| Belleair Beach, Florida |
| Largo, Florida |
| Dunedin, Florida |
| Harbor Bluffs, Florida |
| Ridgecrest, Florida |
| South Highpoint, Florida |
| Safety Harbor, Florida |
| Indian Rocks Beach, Florida |
| Saint George, Florida |
| Indian Shores, Florida |
| Palm Harbor, Florida |
| Seminole, Florida |
| Oldsmar, Florida |
| Feather Sound, Florida |
| Redington Shores, Florida |
| North Redington Beach, Florida |
| Pinellas Park, Florida |
| Bay Pines, Florida |
| Redington Beach, Florida |
