Clearwater FL FHA Mortgage Lenders

FHA Mortgage Lenders in Clearwater Florida 

St Peterburg Florida FHA mortgage lenders offer options for purchasing or Clearwater FL FHA cash-out refinancing. These services are available to all residents of Clearwater, regardless of credit type, including those with bad credit, no credit, or those considering rent-to-own options. The Clearwater FHA mortgage program also includes manual underwriting for those who need it. Our Rent Own Clearwater Florida FHA Mortgage Lenders allows you to PICK OUT THE HOME OF YOUR CHOICE listed for sale on the MLS and rent while you build equity.

FHA Mortgage Specifications: 

Credit Score:  Minimum 580+ (with 3.5% down), Minimum 500 (with 10% down).
100% Financing Options:  FHA first lien at 96.5% and a second lien of
up to 3.5% to cover the down payment.
Debt-to-Income (DTI): Generally < 43%.
Occupancy: Must be your primary residence.
Waiting Periods: 2 years after bankruptcy, 3 years after foreclosure.
Property Type: 1-4 unit homes, condos, townhouses.
Closing Costs: FHA allows up to 6% of seller-paid closing costs.

100% Florida FHA Mortgage Lenders

No Tax Return Florida FHA Mortgage Lenders

1. The last 2 years’ Profit and Loss statements, the YTD P&L, and the current balance sheet.
2. Provide 2 years of self-employed experience by providing an active business license, LLC, or S-Corp.
3. The minimum credit score is 640, and borrowers need at least 3 tradelines with 12+ months.
4. We also require proof of business insurance for industries that would need it.
5. (Read More) Profit and Loss Florida FHA 

No Tax Return Clearwater Florida Mortgage Lenders

Yes, you can get pre-approved for a Florida mortgage with NO tax returns. (P&L) Florida FHA mortgage lenders– and No Tax return FHA mortgage programs allow you to qualify using alternative methods, making them ideal for self-employed borrowers or those with no documented income sources. These programs make it possible to purchase or refinance Florida real estate with an FHA mortgage or cash-out refinance, all without requiring tax returns.

FHA Mortgage Resources:

FHA Mortgage Credit Requirments  

FHA-Mortgage-Lenders-Clearwater Florida 

4C FHA Mortgage Checklist

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!

No Tax Return Clearwater FL FHA Mortgage 

To qualify for FHA without tax returns, you must be a W2 employee, and your commission and bonus income must be less than 25% of your total income, and you should NOT own any rental properties. And, your earnest money deposit should not come from your side business account, otherwise, the lender will request tax returns. If your bonus or overtime exceeds 25% of your total income or if you own investment properties, you will be required to submit tax returns. Florida FHA mortgage lenders make homeownership exciting because, as a W2 employee, you do NOT need to provide your tax returns to qualify for an FHA mortgage. For FHA self-employed mortgage lenders require 2 years’ tax returns, business and personal.

Clearwater Florida FHA Mortgage