FHA Mortgage Lenders in Dania Beach, Florida 

Dania Beach, Florida, FHA mortgage lenders offer options for purchasing or refinancing FHA home loans. These services are available to all residents of Dania Beach, regardless of credit type, including those with bad credit, no credit, or those considering rent-to-own options. The Dania Beach FHA mortgage program also includes manual underwriting for those who need it. Whether you are looking to buy or refinance, there are FHA loan solutions available for everyone. 

FHA Mortgage In All Dania Beach Florida Areas:

Wilton Manors, FL, Oakland Park, FL North Andrews Gardens, FL, FL Lauderhill,, FL Lauderdale Lake,s, FL Plantation, FL Hollywood, FL Davie, FL, Pembroke Pines FL Pompano Beach, FL S,unrise, FL North Lau,derdale, FL Coconut Creek, FL Cooper City, FL Margate, FL, Fort Lauderdale – Hollywood – Pembroke Pines – Miramar – Hallandale – Sunrise – Dania Beach

4C FHA Mortgage Checklist

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 U.S. Department of Housing and Urban Development (HUD) governs the FHA, 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 Dania Beach, Florida, FHA mortgage lenders recover 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, the FHA mortgage insurance makes FHA mortgage loans the easiest of all loan programs to qualify for. Keep in mind that the FHA loan is only for primary residences and is not intended to be used 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!