FHA Mortgage Lenders in Largo Florida
Largo, Florida, FHA mortgage lenders offer options for purchasing or refinancing FHA home loans. These services are available to all residents of Largo, regardless of credit type, including those with bad credit, no credit, or those considering rent-to-own options. The Largo 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 in Cities near Largo, Florida: · Clearwater, FL · Seminole, FL · Pinellas Park, FL · Dunedin, FL · Safety Harbor, FL · Oldsmar, FL · Palm Harbor, FL · Saint Peteresburg FL. 
FHA-Mortgage-Lenders-Largo Florida
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 – 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 Largo , 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!
Largo, Florida 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 – Saint Petersburg, FL – Elfers, FL –
FHA Mortgage Topics
Towns Near Largo at a Glance
- Oldsmar, FL – 11.7 miles northeast – great festivals and a lot of parks
- Tarpon Springs, FL – 14 miles north – Greek heritage between Largo, Palm Harbor, and Tampa
- Largo, FL – 4.5 miles south – affordable with a great arts scene
- 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
Serving All Cities near Largo, Florida:
- Clearwater, FL
- Seminole, FL
- Pinellas Park, FL
- Dunedin, FL
- Safety Harbor, FL
- Oldsmar, FL
- Palm Harbor, FL
- Saint Pete Beach, FL
- Gulfport, FL
- Saint Petersburg, FL
- East Lake, FL
- Tarpon Springs, FL
- Citrus Park, FL
- Egypt Lake-Leto, FL
- Holiday, FL
