florida

BAD CREDIT FLORIDA FHA MORTGAGE LIMITS 2014

MAIN REQUIRMENTS FOR A BAD CREDIT FLORIDA FHA MORTGAGE!

A.Bad Credit- Florida bad credit mortgage applicants can qualify for an FHA loan with credit scores as low as a 550. Florida mortgage applicants with a 640 will often get faster loan approval and a better interest rate than with a conventional mortgage.

B.Loan applicants must prove stable predictable income that is likely to continue.

C.FHA mortgage loans are only available to purchase a primary home. FHA cannot be used to purchase investment properties.

D.FHA loan applicants must have at least 3.5% down payment.

E.All past judgments must be settled or paid In full to show zero balance.

F.Must wait 2 years after a chapter 7 bankruptcy and 3 years after a Florida foreclosure.

G. Bad credit FHA cash out refinance a Florida home up to 85% loan to value.

BAD CREDIT FLORIDA FHA MORTGAGE SUMMARY GUIDE!

  • 550 FICO to 90% LTV on purchase loans,
  • 580 FICO to 96.5% LTV on purchase loans,
  • Debt ratio determined by Fannie mae AUS,
  • Programs: 30 and 15 year fixed and 5/1 ARM,

BAD CREDIT FLORIDA VA MORTGAGE LENDER SUMMARY GUIDE!

  • Credit scores as low as 550
  • 100% financing

BAD CREDIT FLORIDA MORTGAGE FREQUENTLY ASKED QUESTIONS

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CREDIT REQUIREMENTS

FHA MORTGAGE

550 MIN FICO

PORTFOLIO MORTGAGE

NO MINIMUM

VA MORTGAGE

550 MIN FICO SCORE 

USDA LOANS

580 MIN FICO SCORE 

FANNIE MAE.

620 MIN FICO SCORE 

FREDDIE MAC

620 MIN FICO SCORE 

CALL NOW!

954-667-9110

Apply Now!

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Reviews on Zillow
1399173
"Thomas went above and beyond to get our mortgage approved. We had a couple of "hiccups" with our VA financing and Thomas was able to get them resolved ... more "
5.0/5.0
by lbaze2008
1375949
"I was hesitant to utilize someone from the internet to obtain my home loan. I even let my real estate agent talk me into going with someone local ... more "
5.0/5.0
by rmac333
1345066
"Thomas martin was a great help with our mortgage . it was a stressful time in our life , but Thomas remained calm through out the whole process which ... more "
5.0/5.0
by zuser20140303145114251