PINELLAS PARK FL FHA MORTGAGE LENDERS

Welcome and thank you for visiting US Mortgage Lenders webpage. We are local PINELLAS PARK Florida mortgage lenders.  We are available to answer any questions you might have 24/7.

PINELLAS PARK FL MORTGAGE LENDERS PROGRAMS INCLUDE:

PINELLAS PARK FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:

• Pinellas Park FL Down payment only 3.5% of the purchase price.
• Gifts from family or Grants for down payment assistance and closing costs OK!
• Seller can credit buyers up to 6% of sales price towards buyer’s costs.
• No reserves or future payments in account required.
• FHA regulated closing costs.

PINELLAS PARK FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:

• Purchase a Pinellas Park Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Pinellas Park Florida 24 months after a chapter 7 Bankruptcy.
• FHA will allow a FHA mortgage 3 years after a Foreclosure.
• Minimum FICO credit score of 580 required for 96.5% financing.
• Pinellas Park Bad credit Florida FHA mortgage approvals minimum FICO credit score of 530 required for 90 FHA financing.
• No Credit Score Florida mortgage loans & No Trade Line Florida FHA home loans.

PINELLAS PARK FLORIDA FHA MORTGAGE LOANS ALLOW HIGHER DEBT TO INCOME & EASIER JOB QUALIFYING:

• FHA allows higher debt ratio’s than any other Florida home loan programs.
• Less than two years on the same job is OK!
• Self-employed buyers can also qualify for FHA.
• Check Florida FHA Mortgage Articles for more information.

WE ARE LOCAL PINELLAS PARK FLORIDA FHA MORTGAGE LENDERS – All PINELLAS PARK FL Zip codes: 33773, 33781, 33782.

4 C’S FLORIDA FHA MORTGAGE LENDER REQUIREMENTS

• FHA Minimum Cash/Down payment Or Equity -FHA 3.5% Down Payment Cash or 20% Equity/ 80% LTV for cash out or 96.75% Rate term Refinance- Verity the borrower has the down payment from an acceptable source on a purchase or enough equity to cover payoffs and closing cost to include taxes insurance on a refinance.
• FHA Minimum Credit 500+ Credit Score – Does the borrower have the minimum credit score to meet the loan program? Does the borrower have collections that have to be paid off that will reflect the cash needed to close? Do student loans that are deferred need to be added to the monthly obligations? Does the lender require %1 cumulative student loans or 5% of the cumulative collections accounts over +$2000 added back to the debt to income ratios.
• Capacity-56.9% FHA Maximum-  Does the borrower’s debt to income ratio meet the loan program requirements or no more debt than 56.9% of the total housing + all obligations reflected on the borrower’s credit report. 
• Collateral/FHA Approved Property Types Include- Single-family homes, townhomes, villas, 1-4 family multi Unit Homes, and  FHA Approved Condos!

During the Pinellas Park Florida Housing Boom the FHA Mortgage had become an uncommon mortgage loan product because of the plentiful supply of credit including Subprime, Conventional, and Fannie Mae. Many Pinellas Park Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Pinellas Park Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Pinellas Park Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.

CATEGORY: FHA MORTGAGE GUIDELINES