Fort Lauderdale FL FHA Mortgage Lenders

FHA Mortgage Lenders Fort Lauderdale Florida 

Fort Lauderdale, Florida, FHA mortgage lenders offer options for purchasing or refinancing FHA home loans. These services are available to all residents of Fort Lauderdale, regardless of credit type, including those with bad credit, no credit, or those considering rent-to-own options. The Fort Lauderdale 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. Our Rent Own Florida FHA Mortgage Lenders allow you to PICK OUT THE HOME OF YOUR CHOICE listed for sale on the MLS and rent while you build equity. Fort Lauderdale – Hollywood – Davie – MiramarHallandalePembroke Pines, FLSunrise 

FHA-Mortgage-Lenders-Hollywood Florida

FHA-Mortgage-Lenders-Hollywood

 

FHA Mortgage Topics:

FHA qualifications Bad credit Rent-to-own
FHA Cash-Out refinance 100% Florida FHA mortgage lenders No credit
FHA Manual underwriting Florida Lending Limits FHA Pre-Approval
FHA Mortgage Questions FHA No Tax Return FHA Condos

4C FHA Mortgage Checklist

1. CASH A minimum credit score of 580 qualifies for 3.5% down, with 100% financing options available. A 10% down payment is required if your credit score is between 500 and 579. The seller can pay up to 6% of the closing costs; 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 the easiest loans to qualify for. Purchase or Refinancing using FHA loans requires fully documenting 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 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 Fort Lauderdale, 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:

No Tax Return Fort Lauderdale Florida FHA Mortgage Lenders 

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. Read more about no tax return Florida FHA mortgage lenders.

FHA Mortgage Topics

100% Florida FHA Mortgage Lenders
Bad Credit Florida FHA Mortgage Lenders
FHA Cashout Refinance Florida Mortgage
FHA Mortgage Lenders Florida – FHA Home Loans
FHA Mortgage Lenders Florida + Florida FHA Home Loan
FHA Refinance Mortgage Florida

The Fort Lauderdale FL FHA Purchase Assistance Program assists eligible first-time homebuyers with a 15-year deferred payment loan to be applied towards down payment, closing cost and/or principal reduction for the purchase of eligible housing within the Fort Lauderdale Florida FHA Loan limits.

FHA Mortgage In All Fort Lauderdale, Florida Areas:

Oakland Park, FL, North Andrews Gardens, FL,  Dania Beach FLLauderhill FL Lauderdale Lakes, FL, Plantation FL, Hollywood, FL, Davie FL, Pompano Beach FLSunrise, FL,  North Lauderdale, FL, Coconut Creek FL, Cooper City FL, Margate FL, Lauderdale Lakes FL, Wilton Mannors FL, Hollywood, FL, Davie, FL, Pompano Beach, FL Sunrise, FL North Lauderdale, FL, Coconut Creek, FL, Cooper City, FL, Margate, FL Wilton Manors, FL, Oakland Park, FL, North Andrews Gardens, FL Dania Beach FL Lauderhill FL Lauderdale Lakes, FL, Plantation, FL, Hollywood, FL, Davie, FL, Pompano Beach, FL Sunrise, FL North Lauderdale, FL, Coconut Creek, FL, Cooper City, FL, Margate, FL Miramar FL, Hallandale Beach, FL, Dania Beach FL, Aventura, FL, Ives Estates, FL, Ojus, FL, North Miami Beach, FL, Norland, FL, Lake Lucerne, FL, Scott Lake, FL,, Golden Glades, FL, Fort Lauderdale, FL, Carol City, FL, Davie, FL, Cooper City, FL, Hollywood, FLPemroke Pines FL, Fort Lauderdale FL

Thomas Martin

Sr. Mortgage Loan Advisor
NMLS: 156080

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MINIMUM CREDIT SCORE

PORTFOLIO

NO MIN FICO SCORE 

NO TAX RETURN

350 MIN FICO

FHA/VA

500 MIN FICO

CONVENTIONAL

620 MIN FICO

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954-667-9110

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All Information Subject To Change