North Palm Beach FL FHA Mortgage Lenders

Palm Beach Florida FHA Home Loan Mortgage 

FHA mortgage Lenders make owning a Palm Beach, Florida home exciting because FHA takes a common-sense review for approvals rather than a credit-score-driven approach. Palm Beach, Florida FHA mortgage lenders for refinancing or purchasing a home are easy because the FHA mortgage approves borrowers with acceptable payment histories instead of a credit score-driven approach. FHA offers what some call bad credit approvals because FHA goes down to a 500+ credit score with 10% down, or a 580+ credit score with 3.5% down

4C FHA Mortgage Lenders Checklist 

Hot Topics: Palm Beach, Florida No Tax Return Mortgage Lenders – Our FHA mortgage lenders do not require tax returns. For our FHA Approvals, Tax returns are ONLY required if commission or bonus income exceeds 25% of your total income or if you own rental properties. However, if your commission or bonus income is 25% or less, and you are a W-2 employee, you will not need to provide tax returns. Lenders typically require documentation like pay stubs and W-2 forms to verify income.

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 Mortgage Credit / Downpayment:

• 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 Key Points

• Easy to Qualify – The FHA Mortgage is the easiest and most affordable mortgage to qualify for.
• Manual Underwrite – FHA is manually underwritten and approved based on payment history.
• Credit Flexibility – Judgments and collections accounts don’t completely disqualify you.
• Non-first-time buyers –  You don’t have to be a first-time buyer, but it must be your primary home.
• Bad credit– You could qualify with a 500+ credit score with 10% down and a 580+ with 3.5% down.
• Approved Property – single-family homes,  1-4 unit multifamily, Townhomes, Villas, and manufactured homes. Note: In Palm Beach, Florida, very few condos qualify for an FHA mortgage. Search Palm Beach, Florida, FHA-approved condos.

Palm Beach Florida FHA Mortgage Lenders

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Palm Beach, FL FHA Mortgage Lenders serving all of Florida

This is a list of smaller local towns that we service around Palm Beach, FL  If you need an FHA mortgage lender near Palm Beach, Florida, you have come to the right place. We are dedicated to making your FHA mortgage a win! We enjoy Palm Beach, Florida, as a loan officer and bringing homeownership dreams to life. We will answer your questions in simple terms, help you through each step in home financing, and do everything in our power to help you go from getting pre-approved to relaxing at your Palm Beach, FL home.