FHA Home Loan Guidelines Overview ((97% Financing))), FHA Home Loan Mortgage, FHA Mortgage Loans,

The Federal Housing Administration (FHA( was created in 1934 to help Americans realize the dream of Homeownership. There are a great many unique benefits to the FHA mortgage that no other program can compare. FHA does not lend money, FHA loans are insured by the government. FHA insurance provides lenders with greater protection than any other loan. HUD sets the basic guidelines for FHA lenders, however lenders are able to add on their own specific requirements..

Florida FHA Lender www.FHAmortgagePrograms.com

FHA Home Loan Guidelines Overview

Here are just a few reasons why Miami Homebuyers and homeowners should consider an FHA loan.

Minimal Down Payment and Closing Costs.

•· Down payment less than 3% of Sales Price

•· 100% Financing options available

•· No reserves or required.

•· FHA regulated closing costs.

•· Seller can credit up to 6% of sales price towards buyers costs.

Easier Credit Qualifying Guidelines such as:

•· No minimum FICO score or credit score requirements.

•· FHA will allow a home purchase 2 years after a Bankruptcy.

•· FHA will allow a home purchase 3 years after a Foreclosure.

Easier Debt Ratio&Job Requirement Guidelines such as:

•· Higher Debt Ratio's than other home loan programs.

•· Less than two years on the job is allowed.

•· Self-Employed individuals o.k.

Apply for an FHA loan at www.FHAmortgagePrograms.com

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No Money Down Programs for Florida Home Buyers

For sure, it is much easier today to be a Florida home buyer than it was a generation ago. Even if you don't have substantial savings or perfect credit, 1st Continental Mortgage works with many lenders still willing to make loans to borrowers with limited cash for Downpayment

In fact, today in Florida 7 out of 10 first time home buyers make a Downpayment of 10% or less. A good many Floridians buy their homes with no money down at all.

Because most people who sell an existing home have some equity which can be applied to making the Downpayment on the new home, no down payment financing is most attractive to Florida first time home buyers. However, these loans are an option for all home buyers whether they have equity from a prior sale or not.

Don't be persuaded that your lack of a Downpayment means you can't become a Florida homeowner. Call 1-800-570-0448 or use our quick application to find out how simple it is to take advantage of 1st Continental Mortgage's excellent no money down mortgage programs.

With 10 plus years of helping home buyers and first time home buyers become homeowners, the skilled and experienced mortgage lenders of 1st Continental Mortgage can help you own a Florida home using these excellent no money down Mortgage programs:

•· 100% FHA Loans available: 1^st Contentment Mortgage accepts down payment assistance gifts all FHA loans. We specialize in helping our clients structure their purchase so that they have to come to closing with little to no money out of their pockets!

• 106% Financing For Florida Home buyers - Closing costs in Florida vary but typically run from 4-6 percent of the value of the transaction. Using a 106% Florida mortgage is an excellent way to create a truly no money down home mortgage. Call 1-800-570-0448 to get pre-approved for this no money down program today! Quick Application!

• 105% Financing For Florida Home buyers - Right now sellers of homes are a little more flexible in dealing with prospective Florida home buyers because of the slower Florida housing market. That means 105% financing is often enough to produce a true no money down real estate transaction for the Florida real estate buyer, especially if your Realtor® can negotiate some help from the selling side. To learn more about our 105% mortgage programs, call 1-800-570-0448 or apply securely online for a no money down Florida mortgage. Quick Application!

• 103% Financing for Florida Home buyers - Having an experienced Mortgage Lender working with you and your Realtor® in structuring your offer to purchase is one way that many Florida home buyers get to the closing table with 103% financing. Our loan officers are standing by to answer any questions you might have about our mortgage programs for home buyers at 1-800-570-0448. Call now for a quote on 103% financing or any our other Florida lending no money down mortgage programs! We can get you a loan whether you're financing a modular home in Broward County or a single family block home in Orange County. We will make a fixed rate no money down home loan easy! Quick Application!

• 100% Financing For Florida Home Buyers - Interest rates are at historic lows and an oversupply of well built homes with high days on market! Florida home buyers should not let the lack of funds for a Downpayment make them miss what looks to be one of the best buying opportunities in Florida residential real estate in many years. A 1st Continental Mortgage representative will be happy to discuss how you can buy your Florida home with 100% finance lending. Call 1-800-570-0448, or inquire using our contact form for a no obligation quote on 100% financing from our best Florida lenders. Quick Application!

• 80/20 Financing For Florida Home buyers - Although private mortgage insurance is now deductible in many cases, many of our Florida mortgage clients want to avoid PMI but still get 100% financing. We have structured many combo loans with an 80% first mortgage and a 20% Second Mortgage or home equity line of credit to avoid PMI and still achieve a purchase money mortgage with no Downpayment requirements. Call 1-800-570-0448 or use our contact form for a quote on an 80/20 no money down combo mortgage to buy your Florida dream home. Quick Application!

• 97% Financing For Florida Home buyers - A few years ago a seller's agent faced multiple offers and could pit Florida home buyers against each other in a bidding war before accepting the highest and best offer. Now home buyers can drive through subdivisions in most Florida metros and find plenty of for sale signs. Motivated seller's agents are receptive and often willing to kick in 3 to 9% toward buyer's closing costs and Downpayment without a corresponding increase in the offered price. In this way, even 97% financing can become the way to buy a Florida home with very little money out of pocket. Call 1st Continental Mortgage right now at 1-800-570-0448 for full details on our 97% Florida mortgage loans. Quick Application!

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