Palm Harbor, FL FHA Home Loan – Palm Harbor FL FHA Refinance
Florida FHA mortgage Lenders make the possibility of owning a Palm Harbor, Florida home exciting because FHA takes a common-sense review for approvals rather than a credit-score-driven approach. Palm Harbor, 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.
FHA Mortgages Are More Affordable:
- 3.5% Down with 100% Mortgage 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!
No Tax Return Palm Harbor FL FHA Mortgage Lenders
Tax returns are required if you Self employed or your W2 commission or bonus income exceeds 25% of your total income, or if you own rental properties. However, if you are a W-2 employee and your commission or bonus income is 25% or less, you will NOT need to provide tax returns. FHA mortgage lenders typically require income documentation like pay stubs and W-2 forms to verify income
4C FHA Mortgage Lenders Checklist
| 1. CASH | Min 580 credit score qualifies for 3.5% down with 100% Palm Harbor, Florida, FHA mortgage options available. Or, 10% down payment 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 | debt-to-income: 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. |
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 buyerbut 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 Harbor, Florida, very few condos qualify for an FHA mortgage. Search Palm Harbor, Florida, FHA-approved condos.
Florida FHA Mortgage Pre-Approvals Provided
Florida FHA 100% Mortgage Lenders provide a more obtainable route to homeownership for many people, thanks to their low down payment and easy credit requirements. Not sure if an FHA mortgage will work for you? No worries, you’re in the right place. Welcome to FHA Florida mortgage lenders, where we’ll cover Florida FHA mortgage loan requirements and frequently asked questions so you can decide if an FHA loan will work for you!
Palm Harbor FL FHA Mortgage Lenders serving all of Florida.
This is a list of smaller local towns that we service around Palm Harbor, FL If you need an FHA mortgage lender near Palm Harbor, Florida, you have come to the right place. We are dedicated to making your FHA mortgage a win! We enjoy Palm Harbor, 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 Harbor, FL home.
I grew up in old Palm Harbor, FL, at 1108 Pennsylvania Avenue, Palm Harbor, FL
I went to Palm Harbor Elementary and Tarpon High School before Palm Harbor High was built.
https://pinellas.gov/pinellas-county-florida-downtown-palm-harbor/
All of Florida, including
Ozona FL, Crystal Beach FL, Dunedin, FL Tarpon Springs, FL East Lake, FL Oldsmar, FL Safety Harbor, FL Holiday, FL Clearwater, FL Elfers, FL Largo, FL New Port Richey, FL Citrus Park, FL Jasmine Estates, FL Seminole, FL Pinellas Park, FL Egypt Lake-Leto, FL, Ozona FL,
Florida No Tax Return FHA Mortgage Lenders
To qualify for an FHA mortgage loan 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. 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 W2 employees, income qualifying requires 2 years of W2s, 30 days of pay stubs, and 2 months of bank statements
100% Florida FHA Mortgage Lenders
Yes, a 100% no-down-payment, no money down, Florida FHA mortgage. No money down Florida FHA mortgage offers 96.5% 1st mortgage and 3.5% 2nd mortgage = 100%. Florida FHA mortgage lenders. Or with 3.5% downpayment assistance or 3.5% 2nd mortgage = 100% Florida mortgage lenders. To make this a true 100% financing option. Your purchase contract must request the Sellers to pay 6% to cover your closing costs. To find Florida downpayment assistance programs, click here.
