Florida FHA Mortgage Lenders

All FHA Mortgage Situations Welcome!

Good Credit – Bad Credit – No Credit + No Problem + As Florida FHA Mortgage Lenders we work with everyone towards home ownership! Whether you’re a first time Florida home buyer, moving to a new home, or want to FHA refinance your existing conventional or Florida FHA mortgage, we will show you how to utilize the FHA mortgage!

FLORIDA FHA MORTGAGE PROGRAM INFORMATION

Florida FHA Mortgage Lenders

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SAME DAY PRE APPROVALS!

FHA Mortgage Buyers Initial Questions

  • What is an FHA Mortgage loan? The FHA is a division of the Department of (HUD) Housing and Urban Development. An FHA mortgage loan is a mortgage that is insured by the Federal Housing Administration (FHA) and funded by private Florida FHA approved mortgage lenders.
  • Are FHA mortgage for first time home buyers only? NO, FHA mortgage loans are NOT for firsttime buyers only. FHA loans can be used by first time buyers and repeat buyers alike. The FHA mortgage is often marketed as a product for “firsttime buyers” because of its low down payment and flexible qualifying requirements. FHA mortgage applicants can purchase an FHA approved investment property using and FHA mortgage loan.
  • How Does The FHA Mortgage Insurance Work? Anyone who takes out an FHA mortgage finances the  insurance into the FHA mortgage loan amount. This “Up Front Mortgage Insurance ” cost is called the “UFMIP”. The upfront mortgage insurance premium paid on all FHA mortgages is paid to the government and use the funding fee money to reimburse Florida FHA Mortgage lenderswho were forced to foreclose on mortgages that were financed to bad credit mortgage applicants. Think of the funding fee as the foreclosure “insurance fund” for the FHA Florida Mortgage Lenders. In addition to the upfront funding fee, the borrower is also required to pay a small monthly fee to the FHA as part of their monthly mortgage payment. The monthly fee is called monthly MIP or mortgage insurance premium.
  • Do I have to be a first time mortgage buyer to use the FHA mortgage? No you do not have to be a first time Florida home buyer but the FHA mortgage is only for a Primary home purchase only.
  • Can I roll all the closing costs into the FHA mortgage? You are permitted to finance the upfront FHA funding fee only. FHA mortgage closing costs can be paid by the seller up to 6% and must be negotiated up front in your purchase and sale agreement.
  • Can I get an FHA Mortgage after a Foreclosure or Bankruptcy? YES! you can qualify for an FHA mortgage 3 years after the title was transferred out of your name.A borrower may also still qualify for an FHA insured loan after declaring Chapter 13 bankruptcy, if at least 1 year of the bankruptcy payout period has passed and the borrower has been making satisfactory payments. In these cases, the FHA mortgage applicant must also request permission from the court to enter into a new FHA mortgage loan. declaring Chapter 7 bankruptcy, if at least 2 years have passed since the bankruptcy discharge date. FHA mortgage applicants must also have re-established good credit or have opted to incur no new debts (this means you specifically chose to take out no new loans, credit cards, etc.)
  • What is the minimum down payment for FHA Mortgage? Currently, 3.5% can from family gift or grant.
  • Can my parents or other relatives give me money? Yes, provided the money is considered a gift and your relative sign and date the proper gift letter documentation.
  • Is there a maximum FHA Mortgage Loan Amount? Yes, see maximum loan limits below based on the Florida county.

Learn All You Can About The FHA Mortgage Program:

FHA Mortgage Loan Approvals For

  1. Single family Homes
  2. Town House- check for lot and/or block legal descriptions.
  3. Villas- check for lot and/or block legal descriptions.
  4. Modular Homes
  5. Manufactured homes
  6. FHA Approved condominium – Search Florida FHA Approved Condos

FHA Mortgage Benefits

The FHA mortgage is so popular is because Florida mortgage applicants  use them are able to take advantage of benefits and protections unavailable with any other mortgage loan program. Loans through the FHA are insured by the government, so the Florida mortgage lenders that approve these loans are more lenient. The advantages are outweigh any other mortgage program and include and include the following:

  • Lower Cost & Fees- In addition to lower interest rates, FHA borrowers enjoy lower costs on other fees like closing costs, FHA mortgage insurance and  govt regulated closing cost.
  • Easier to Qualify- While most mortgage loans prohibit applicants with bad credit history and low credit scores, the FHA mortgage loans available with lower requirements so its easier for you to qualify.
  • Lowest  Interest Rates- You’ve heard the horror stories of subprime borrowers who couldn’t keep up with their mortgage interest rates. Well, FHA loans usually offer lower interest rates to help homeowners afford housing payments.
  • Bankruptcy / Foreclosure- Even If you’ve filed for bankruptcy or suffered a foreclosure in the past few years doesn’t mean you’re excluded from qualifying for an FHA loan. As long as you meet other requirements that satisfy the FHA, such as re-establishment of good credit, solid payment history, etc., you can still qualify.
  • No Credit Score/ No Trade Lines OK! – The FHA usually requires two lines of credit for qualifying applicants. If you don’t have a sufficient credit history, you can try to qualify through a substitute form.

For many Florida FHA mortgage applicants, using an FHA mortgage can really make the difference between owning your dream house affordability and getting out of the never ending rental trap. The FHA mortgage provides a wealth of benefits for Florida mortgage applicants that qualify, so please make full use of them.

  • We provide free credit counseling to and work with everyone to get PRE APPROVED!

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What Is The Importance Of Credit When You Apply For An FHA Loan?
I Heard The FHA Loan Is Only For 1st Time Buyers, Is That True?
My Mortgage Company Says I Should Not Consider The FHA Program. Why Should I Listen To You And Not Them?
I Want To Improve My Mortgage Term. Can I Refinance My FHA Loan Now?
How Soon Can I Refinance To A New Home Loan?
How Often Can I Refinance My Home?
How Can I Refinance My Home When I Have Credit Problems?
Where Can I Refinance My Home If I’m Late On My Mortgage?
Am I eligible for FHA mortgage loan if i have no credit score?
Do deferred student loan obligations be included in the FHA mortgage applicants liabilities?
Do FHA mortgage loans allow gifts of equity?
Does FHA require collections to be paid off for a FHA mortgage approval?
How do FHA Mortgage Lenders determine the monthly payment on a student loan?
What are the FHA guidelines for FHA mortgage applicants with a previous foreclosure or deed-in-lieu of foreclosure?
Can a real estate agent gift me their commission for the FHA mortgage down payment?
Are copies of tax returns required for an FHA mortgage for a borrower with self-employment or commission income?
How are disputed credit accounts considered for manually FHA mortgage approvals?
How can FHA help me qualify for a mortgage?
What are the basic requirements for FHA mortgage loan?
What’s the Minimum Credit Score required for FHA mortgage approval?

Florida FHA Mortgage Lenders Limits By County

COUNTY LIMITS PROVIDING FHA LOANS IN EVERY CITY IN FLORIDA
ALACHUA $271,050 Alachua, Archer, Gainesville, Hawthorne, High Springs, LaCrosse, Micanopy, Newberry, Waldo, Campville
BAKER $316,250 Macclenny, Glen St. Mary, Baxter, Eddy, Olustee, Sanderson, Taylor
BAY $271,050 Callaway, Lynn Haven, Mexico Beach, Panama City, Panama City Beach, Parker, Springfield, Cedar Grove, Laguna Beach, Lower Grand Lagoon
BRADFORD $271,050 Hampton, Lawtey, Starke, Brooker
BREVARD $271,050 Cape Canaveral, Cocoa, Cocoa Beach, Indian Harbour Beach, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, West Melbourne
BROWARD $345,000 Coconut City, Cooper City, Coral Springs, Dania Beach, Davie, Deerfield Beach, Fort Lauderdale, Hallandale Beach, Hillsboro Beach, Hollywood
CALHOUN $271,050 Blountstown, Altha, Abe Springs, Broad Branch, Carr Community, Chipola, Chipola Park, Clarksville, Cox, Eufala
CHARLOTTE $271,050 Punta Gorda, Babcock Ranch, Boca Grande, Cape Haze, Adrian Town, Charlotte Harbor, Charlotte Park, Cleveland, Deep Creek, Englewood
CITRUS $271,050 Crystal River, Inverness, Beverly Hills, Black Diamond, Chassahowitzka, Citrus Hills, Citrus Springs, Floral City, Hernando, Holder
CLAY $316,250 Green Cove Springs, Keystone Heights, Orange Park, Penney Farms, Lake Asbury, Bellair-Meadowbrook Terrace, Belmore, Clay Hill, Doctors Inlet, Fleming Island
COLLIER $448,500 Everglades City, Marco Island, Naples, Ave Maria, Chokoloskee, East Naples, Golden Gate, Goodland, Immokalee, Island Walk
COLUMBIA $271,050 Lake City, Fort White, Columbia City, Five Points, Lulu, Mikesville, Newco, Watertown
DE SOTO $271,050 Arcadia, Southeast Arcadia, Brownville, Fort Ogden, Hull, Lake Suzy, Nocatee, Hidden Acres
DIXIE $271,050 Cross City, Horseshoe Beach, Old Town, Steinhatchee, Clara, Eugene, Hines, Jena, Jonesboro, Old Town
DUVAL $316,250 Jacksonville, Jacksonville Beach, Atlantic Beach, Neptune Beach, Baldwin
ESCAMBIA $271,050 Pensacola, Century, Barrineau Park, Barth, Bellview, Beulah, Bluff Springs, Bogia, Bratt, Brent
FLAGLER $218,500 Bunnell, Flagler Beach, Palm Coast, Marineland, Beverly Beach, Flagler Estates, Hammock, Painters Hill, Espanola, Bimini
FRANKLIN $271,050 Apalachicola, Carrabelle, Eastpoint, Alligator Point, Bald Point, Lanark Village, St. Teresa
GADSDEN $271,050 Chattahoochee, Gretna, Midway, Quincy, Greensboro, Havana
GILCHRIST $271,050 Bell, Fanning Springs, Trenton
GLADES $271,050 Brighton Seminole Indian Reservation, Buckhead Ridge, Lakeport, Moore Haven, Muse, Palmdale
GULF $271,050 Port St. Joe, Wewahitchka, Cape San Blas, Dalkeith, Highland View, Honeyville, Indian Pass, Overstreet, White City
HAMILTON $271,050 Jasper, White Springs, Jennings, Avoca, Bakers Mill, Blue Springs, Crossroads, Cypress Creek, Hillcoat, Marion
HARDEE $271,050 Bowling Green, Wauchula, Zolfo Springs, Crewsville, Fort Green, Ona, Popash, Sweetwater, Limestone, Village of Charlie Creek
HENDRY $271,050 Clewiston, LaBelle, Fort Denaud, Harlem, Port LaBelle, Felda, Pioneer Plantation, Montura Ranch Estates, Flaghole, Ladeca Acres
HERNANDO $271,050 Spring Hill, Brooksville, Weeki Wachee, Aripeka, Bayport, Brookridge, Garden Grove, Hernando Beach, High Point, Hill ‘n Dale
HIGHLANDS $271,050 Avon Park, Sebring, Lake Placid, Avon Park Lakes, Brighton, Cornwell, DeSoto City, Fort Basinger, Fort Kissimmee, Hicoria
HILLSBOROUGH $271,050 Plant City, Tampa, Temple Terrace, Apollo Beach, Balm, Bloomingdale, Boyette, Brandon, Carrollwood, Carrollwood Village
HOLMES $271,050 Bonifay, Ponce De Leon, Westville, Esto, Noma, Bethlehem, Prosperity, Gritney, Cerrogordo, Pittman
INDIAN RIVER $271,050 Fellsmere, Sebastian, Vero Beach, Indian River Shores, Orchid, Blue Cypress Village, Cummings, Florida Ridge, Gifford, Nevins
JACKSON $271,050 Graceville, Jacob City, Marianna, Alford, Bascom, Campbellton, Cottondale, Grand Ridge, Greenwood, Malone
JEFFERSON $271,050 Monticello, Alma, Ashville, Aucilla, Capps, Casa Blanco, Cody, Dills, Drifton, Fanlew
LAFAYETTE $271,050 Mayo, Airline, Alton, Cooks Hammock, Day, Hatchbend, Midway
LAKE $274,850 Clermont, Eustis, Fruitland Park, Groveland, Leesburg, Mascotte, Minneola, Mount Dora, Tavares, Umatilla
LEE $270,750 Bonita Springs, Cape Coral, Estero, Fort Myers, Fort Myers Beach, Sanibel, Alva, Boca Grande, Bokeelia, Buckingham
LEON $271,050 Tallahassee, Black Creek, Baum, Bloxham, Bradfordville, Capitola, Centerville, Chaires, Chaires Crossroads, Gardner
LEVY $271,050 Cedar Key, Chiefland, Fanning Springs, Otter Creek, Williston, Yankeetown, Bronson, Inglis, Andrews, East Bronson
LIBERTY $271,050 Bristol, Estiffanulga, Hosford, Orange, Rock Bluff, Sumatra, Telogia, White Springs, Wilma, Woods
MADISON $271,050 Madison, Greenville, Lee, Cherry Lake, Hamburg, Hanson, Hopewell, Lamont, Lee, Lovett
MANATEE $285,200 Anna Maria, Bradenton, Bradenton Beach, Holmes Beach, Palmetto, Longboat Key, Bayshore Gardens, Cortez, Ellenton, Memphis
MARION $271,050 Belleview, Dunnellon, Ocala, McIntosh, Reddick, Anthony, Citra, Early Bird, Fort McCoy, Marion Oaks
MARTIN $316,250 Stuart, Jupiter, Ocean Breeze, Sewall’s Point, Hobe Sound, Hutchinson, Indiantown, Jensen Beach, North River Shores, Palm City
MIAMI-DADE $345,000 Aventura, Bal Harbour, Bay Harbor Islands, Biscayne Park, Coral Gables, Cutler Bay, Doral, El Portal, Florida City, Golden Beach
MONROE $529,000 Key West, Marathon, Key Colony Beach, Layton, Islamorada, Stock Island, Big Coppitt Key, Cudjoe Key, Big Pine Key, Duck Key
NASSAU $316,250 Fernandina Beach, Callahan, Hilliard, Amelia City, American Beach, Andrews, Becker, Boulogne, Bryceville, Chester
OKALOOSA $327,750 Crestview, Destin, Fort Walton Beach, Laurel Hill, Mary Esther, Niceville, Valparaiso, Cinco Bayou, Shalimar, Baker
OKEECHOBEE $271,050 Okeechobee, Ancient Oaks, Barber Quarters, Basinger, Basswood Estates, Country Hills Estates, Cypress Quarters, Deans Court, Dixie Ranch Acres, Duberry Gardens
ORANGE $274,850 Apopka, Bay Lake, Belle Isle, Edgewood, Lake Buena Vista, Maitland, Ocoee, Orlando, Winter Garden, Winter Park
OSCEOLA $274,850 Kissimmee, St. Cloud, Buenaventura Lakes, Bull Creek, Campbell, Celebration, Deer Park, Harmony, Holopaw, Kenansville
PALM BEACH $345,000 Atlantis, Belle Glade, Boca Raton, Boynton Beach, Briny Breezes, Cloud Lake, Delray Beach, Glen Ridge, Golf, Greenacres
PASCO $271,050 Dade City, New Port Richey, Port Richey, San Antonio, Zephyrhills, St. Leo, Aripeka, Bayonet Point, Beacon Square, Connerton
PINELLAS $347,000 Belleair Beach, Belleair Bluffs, Clearwater, Dunedin, Gulfport, Indian Rocks Beach, Largo, Madeira Beach, Oldsmar, Pinellas Park
POLK $271,050 Auburndale, Bartow, Davenport, Eagle Lake, Fort Meade, Frostproof, Haines City, Lake Alfred, Lakeland, Lake Wales
PUTNAM $271,050 Crescent City, Palatka, Interlachen, Pomona Park, Welaka, Bardin, Bostwick, Carraway, East Palatka, Edgar
SANTA ROSA $271,050 Gulf Breeze, Milton, Jay, Allentown, Avalon, Bagdad, Berrydale, Chumuckla, East Milton, Holley
SARASOTA $285,200 Sarasota, North Port, Venice, Longboat Key, Bee Ridge, Desoto Lakes, Englewood, Fruitville, Gulf Gate Estates, Kensington Park
SEMINOLE $274,850 Sanford, Oviedo, Altamonte Springs, Winter Springs, Casselberry, Lake Mary, Longwood, Chuluota, Fern Park, Forest City
ST. JOHNS $316,250 St. Augustine, St. Augustine Beach, Hastings, Marineland, Butler Beach, Bakersville, Crescent Beach, Elkton, Flagler Estates, Fruit Cove
ST. LUCIE $316,250 Fort Pierce, Port St. Lucie, St. Lucie Village, Tradition, Fort Pierce North, Fort Pierce South, South Hutchinson Island, Indian River Estates, Lakewood Park, River Park
SUMTER $287,500 Bushnell, Center Hill, Coleman, Webster, Wildwood, Lake Panasoffkee, Linden, Mabel, Orange Home, Oxford
SUWANNEE $271,050 Live Oak, Branford, Beachville, Dickert, Dowling Park, Ellaville, Falmouth, Fort Union, Hildreth, Houston
TAYLOR $271,050 City of Perry, Athena, Bucell Junction, Clara, Dekle Beach, Eridu, Fenholloway, Fish Creek, Foley, Hampton Springs
UNION $271,050 Lake Butler, Raiford, Worthington Springs
VOLUSIA $271,050 Daytona Beach, Daytona Beach Shores, DeBary, DeLand, Deltona, Edgewater, Holly Hill, Lake Helen, New Smyrna Beach, Oak Hill
WAKULLA $271,050 Sopchoppy, St. Marks, Arran, Buckhorn, Crawfordville, Curtis Mills, Hyde Park, Medart, Panacea, Port Leon
WALTON $327,750 DeFuniak Springs, Freeport, Paxton, Argyle, Bruce, Eucheanna (Euchee Valley), Glendale, Grayton Beach, Miramar Beach, Mossy Head
WASHINGTON $271,050 Chipley, Vernon, Caryville, Ebro, Wausau, Crow, Five Points, Gilberts Mill, Greenhead, Hinson’s Crossroads

FLORIDA FHA MORTGAGE LENDERS