www.Florida-Mortgage-Lenders.com 
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911loan@gmail.com

 
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 "
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CREDIT REQUIREMENTS Mobile top

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

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Florida-Mortgage-Lenders.com is a leading Okeechobee Florida FHA Mortgage Company. All situations welcome.

Okeechobee FL FHA Mortgage Lenders - Did you know that the FHA mortgage program typically only requires a 3.5% down payment with a min 580 FICO and 10% down payment under a 580!!! In additions FHA allows the seller to credit up to 6% to cover your closing cost and prepaid. Note we do not charge any lender fees. When you purchase a Florida home there are always 3rd party cost involved that include. Prepaid taxes, insurance, docs stamps, mortgage stamps, intangibles, title closing cost including insurance, survey, recording charges ect.

OKEECHOBEE COUNTY FLORIDA FHA MORTGAGE ADVANTAGES INCLUDE:                www.Florida-Mortgage-Lenders.com         KEY POINTS TO THIS MORTGAGE PROGRAM

OKEECHOBEE COUNTY FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:

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

OKEECHOBEE COUNTY FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:

OKEECHOBEE COUNTY FLORIDA FHA MORTGAGE LOANS ALLOW HIGHER DEBT TO INCOME & EASIER JOB QUALIFYING

CATEGORY: OKEECHOBEE COUNTY FLORIDA FHA MORTGAGE LENDERS INFORMATION 

Why Are Okeechobee FL FHA Mortgage Lenders So Popular With For Homebuyers?

FHA mortgages lenders offer many advantages and protections that only come with an FHA mortgage:  Lower Down Payment: FHA loans have a low 3.5% down payment and that money can come from a family member, employer or charitable organization as a gift. Conventional mortgage lenders do not allow this. Easier to Qualify: Due to the…

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Do Okeechobee FL FHA Mortgage Lenders allow Flipping?

Property Flipping is indicative of a practice whereby recently acquired property is resold for a considerable profit with an artificially inflated value.   The term Property Flipping refers to the purchase and subsequent resale of a property in a short period of time.  The eligibility of a property for an FHA mortgage lender is determined by…

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Do Okeechobee FL FHA Mortgage Lenders Allow Collections or Judgements?

COLLECTIONS-JUDGEMENTS COLLECTIONS- FHA Mortgage applicants are not required to pay off all collection accounts. However, outstanding collections will reflect on your creditworthiness overall and may be held against you. In this case, one or more of the collections may need to be paid off in order to improve your credit score and show your willingness to pay debts….

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Do Okeechobee FL FHA Mortgage Lenders Lend on Condos?

Yes, Okeechobee FL FHA Mortgage Lenders will finance FHA Approved Condominium under the 203b program, Okeechobee FL FHA Mortgage Lenders provide insurance on FHA mortgage loans secured by one-family condominium Units located in FHA-Approved Condominium Projects and in Units located in Condominium Projects not approved by FHA.    FHA Mortgage loans are made by FHA-approved mortgage lenders, such as…

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Will Okeechobee FL FHA Mortgage Lenders Accept bad credit? What are the requirements for a manually underwritten mortgage?

Will Okeechobee FL FHA Mortgage Lenders Accept bad credit? What are the requirements for a manually underwritten mortgage? The bad credit Okeechobee FL FHA Mortgage Lenders must use a traditional credit report, if available. A Residential Mortgage Credit report (RMCR) must be obtained from an independent credit reporting agency.  The Bad credit Okeechobee FL FHA Mortgage Lenders must use the same…

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Can I use Okeechobee FL FHA Mortgage Lenders to buy a Second Home?

Secondary home  refers to a dwelling that an FHA mortgage applicant occupies, in addition to their principal home, but less than a majority of the calendar year. A Secondary home does not include a vacation home.  Secondary homes are only permitted with written approval from the Okeechobee FL FHA Mortgage Lenders approved  jurisdictional Homeownership Center provided that: …

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Do Okeechobee FL FHA Mortgage Lenders Require Collections To Be Paid Off To Qualify For An FHA Mortgage?

A Collection Account refers to a FHA mortgage applicants loan or debt that has been submitted to a collection agency by a creditor.   If the credit reports used in the analysis show cumulative outstanding collection account balances of $2,000 or greater, the FHA mortgage lender must:  •     verify that the debt is paid in full…

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Do Okeechobee FL FHA Mortgage Lenders require reserves for manually underwritten loans?

Yes, the Mortgagee must verify and document Reserves equivalent to (1) one month’s Principal, Interest, Taxes, and Insurance (PITI) after closing for one- to two-unit Properties.  The Mortgagee must verify and document Reserves equivalent to (3) three months’ PITI after closing for three- to four-unit properties. What are FHA mortgage reserves? FHA Mortgage reserves are…

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Do Okeechobee FL FHA Mortgage Lenders Allow Gift of Down payment To come from Friends or Employer?

Do Okeechobee FL FHA Mortgage Lenders Allow Gift of Down payment To come from Friends?   Okeechobee FL FHA Mortgage Lenders refer to gifts or contributions of cash or equity with no expectation of repayment.  Gifts may be provided by:   • a close friend with a clearly defined and documented interest in the Borrower;  • the Borrower’s Family Member; …

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Do Okeechobee FL FHA Mortgage Lenders allow employers gift the borrower’s down payment?

Do Okeechobee FL FHA Mortgage Lenders allow employers gift the FHA mortgage applicants down payment?   Employer Assistance refers to benefits provided by an employer to relocate the FHA mortgage applicants or assist in the FHA mortgage applicants housing purchase, including closing costs, Mortgage Insurance Premiums (MIP), or any portion of the FHA mortgage applicants Minimum Required…

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Do Okeechobee FL FHA Mortgage Lenders allow realtors to  give a gift of their commission for the down payment?

Do Okeechobee FL FHA Mortgage Lenders allow realtors to  give a gift of their commission for the down payment? Can A Realtors real estate Commission from Sale of Subject Property refers to the Borrower’s down payment  portion of a real estate commission earned from the sale of the property being purchased.  Okeechobee FL FHA Mortgage Lenders may consider Real…

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Do Okeechobee FL FHA Mortgage Lenders Allow Gifts for Down Payment And Closing Cost?

Do Okeechobee FL FHA Mortgage Lenders Allow Gifts for Down Payment And Closing Cost? Okeechobee FL FHA Mortgage Lenders refer to Gifts as contributions of cash or equity with no expectation of repayment.     Okeechobee FL FHA Mortgage Lenders Allow Gift Funds from the following approved sources • The  FHA mortgage applicants Family Member;  • The  FHA mortgage applicants employer or labor…

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Will Okeechobee FL FHA Mortgage Lenders Allow More Than 1 FHA Mortgage?

Okeechobee FL FHA Mortgage Lenders will not insure more than one Property as a Principal Residence for any FHA mortgage applicants, except as noted below. Okeechobee FL FHA Mortgage Lenders will not insure a Mortgage if it is determined that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining Investment Properties, even if the…

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Okeechobee FL FHA Mortgage Lenders Cash Out and Rate Term Refinance

Okeechobee FL FHA Mortgage Lenders Rate Term Refinance Properties owned > 12 months: The subject property must be owner occupied for at least 12 months at the time of case number  assignment.  Properties owned < 12 months: The subject property must be owner occupied for the entire period of ownership at the time of case number assignment. …

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Okeechobee FL FHA Mortgage Lenders Compensating Factors

FHA COMPENSATING FACTORS What are FHA compensating factors? (FHA compensating factors are the stronger elements of a credit application that it offsets something weaker in the application) but it’s more complicated than that. Different FHA Lenders manage the consideration of compensating factors in different ways. FHA’s written guidelines outline specific examples of what FHA compensating factors…

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Okeechobee FL FHA Mortgage Lenders Manual Underwriting Approvals

 FHA Manual Underwrite Lenders Specifications  CREDIT SCORE RANGE MAXIMUM QUALIFYING RATIOS APPLICABLE GUIDELINE 500 – 579 ·31/43 ·Energy Efficient Homes may stretch ratios to 33/45 ·Max LTV 90% unless cash out (80%) ·No gifts ·No down payment assistance ·No streamlines ·One month in reserves for 1-2-unit Properties, three months in reserves for 3-4-unit properties (cannot be a…

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Okeechobee FL FHA Mortgage Lenders Allow Non Occupant Co Borrowers

Okeechobee FL FHA Mortgage Lenders Non-Occupant co borrower 1-Unit properties only. Max mortgage is limited to 75% LTV unless non-occupying co- borrower’s meet FHA definition of ‘family member’. Seller cannot be non-occupant co-borrower. Non-occupant co-borrowers may be added to improve ratios. Non-occupant co-borrowers cannot be used to overcome or offset borrower’s derogatory credit. The non-occupying borrower arrangement…

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Okeechobee FL FHA Mortgage Lenders Source Of Down Payment And Reserves

Okeechobee FL FHA Mortgage Lenders require a minimum cash investment from FHA mortgage applicants own funds and/or gift (no cash on hand allowed when FHA mortgage applicants uses traditional banking sources and has traditional credit history). Any deposit 1 % and greater of the sales price must be sourced and seasoned. An aggregate of deposits 1 °/o…

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Okeechobee FL FHA Mortgage Lenders Can Use Non Taxable Income To Qualify

Okeechobee FL FHA Mortgage Lenders Allow Nontaxable income such as Social Security, Pension, Workers Comp and Disability Retirement income can be grossed up 115% of the income can be used to qualify for an FHA mortgage loan.  Unacceptable Sources of Income Include: The following income sources are not acceptable for purposes of qualifying the borrower: Any unverified…

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Okeechobee FL FHA Mortgage Lenders Debt To Income Ratios

Debt Ratio – Loans with AUS Approve/Eligible – follow AUS decision. Credit scores of 640 and under and DTI greater than 43% regardless of AUS decision require explanation for derogatory credit and a VOR or rent free letter (if applicable). Manually underwritten loans with FICO score> 580 may exceed 31°/o/43°/o ratios with acceptable compensating factors…

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Okeechobee FL FHA Mortgage Lenders Cash-Out Refinance Payment History

Okeechobee FL FHA Mortgage Lenders Mortgage/Rental History Payment History All Cash Out Refinance Transactions and Manually Underwritten Rate Term Refinance Transactions: No 30 Day late payments within the last 12 months of case number assignment. Okeechobee FL FHA Mortgage Lenders Rate and Term Refinance Transactions: AUS Accept – follow AUS. ALSO CHECK Okeechobee FL FHA Mortgage Lenders Compensating Factors FHA COMPENSATING…

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Okeechobee FL FHA Mortgage Lenders Minimum Trade Line Requirement

FHA Minimum Tradelines or Minimum Credit Reporting History FHA mortgage applicants must have sufficient credit history to generate a valid FICO score, or FHA mortgage applicants must meet the non-traditional Okeechobee FL FHA Mortgage Lenders guidelines listed below. Generally, an acceptable credit history does not have late housing, installment debt or major derogatory revolving payments. Authorized tradelines…

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How Do Okeechobee FL FHA Mortgage Lenders calculate student loan payments?

How Do Okeechobee FL FHA Mortgage Lenders treat Student Loans? Student Loan Payments – Student loan(s) would be calculated as follows, regardless of the payment status. Okeechobee FL FHA Mortgage Lenders must use either the greater of: 1% of the outstanding balance on the loan; or the monthly payment reported on the FHA mortgage applicants  credit report; or the…

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What is an Florida FHA Mortgage? FHA mortgages have been helping Okeechobee Florida people become homeowners since 1934. Okeechobee Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Okeechobee Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.


OKEECHOBEE FLORIDA FHA MORTGAGE ADVANTAGES

 

FHA Loans for Buying a Florida Home or FHA Refinance Mortgages 

 

 www.Florida-Mortgage-Lenders.com 

OKEECHOBEE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:

• Okeechobee 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.

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

• Purchase a Okeechobee Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Okeechobee 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.
• Okeechobee 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.

OKEECHOBEE 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.

During the Okeechobee 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 Okeechobee Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Okeechobee Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Okeechobee Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.

 

HOMES FOR SALE IN OKEECHOBEE FLORIDA
OKEECHOBEE FLORIDA FHA APPROVED APPRIASERS LIST

OKEECHOBEE FLORIDA:

Okeechobee is a city in Okeechobee County, Florida, United States. As of the 2010 United States Census, the city's population was 5,621, reflecting an increase of 245 (+4.6%) from the 5,376 counted in the 2000 Census. It is the county seat of Okeechobee County.

OKEECHOBEE FLORIDA FHA APPRIASERS:

The following list of Okeechobee Florida FHA mortgage appraisers has been assembled from the HUD.gov database. Visit the HUD website for the most current list of FHA mortgage appraisers in Okeechobee Florida.

Name

License/
Expiration Date

Address

GREG ROBERTSON

FLRD1743               
(Certified Residential) 
11-30-2016

ROBERTSON REALTY & APPRAISING
410 NW 2ND STREET
OKEECHOBEE,  FL  349720000

JAMES N PIPPIN

FLRD4501               
(Certified Residential) 
11-30-2016

GLADES APPRAISAL COMPANY LLC
1504 STATE ROAD 70 EAST, SUITE
OKEECHOBEE,  FL  349720000

MICHAEL A SUMNER

FLRD5070               
(Certified Residential) 
11-30-2016

VALUATION PROFESSIONALS, PLC
256 SE 80TH AVE
OKEECHOBEE,  FL  349740000

TIMOTHY S FULFORD

FLRD816                
(Certified Residential) 
11-30-2016

300 N.W. 4TH STREET
OKEECHOBEE,  FL  349720000

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About the City of Okeechobee

According to the United States Census Bureau, the city has a total area of 4.2 square miles (11 km2). 4.1 square miles (11 km2) of it is land and 0.04 square miles (0.10 km2) of it (0.96%) is water.
As of the census of 2000, there were 5,376 people, 1,837 households, and 1,287 families residing in the city. The population density was 1,302.9 people per square mile (502.6/km²). There were 2,102 housing units at an average density of 509.4 per square mile (196.5/km²). The racial makeup of the city was 79.00% White, 10.81% African American, 0.50% Native American, 0.99% Asian, 0.11%Pacific Islander, 6.42% from other races, and 2.18% from two or more races. Hispanic or Latino of any race were 15.66% of the population.
There were 1,837 households out of which 32.2% had children under the age of 18 living with them, 50.1% were married couples living together, 14.5% had a female householder with no husband present, and 29.9% were non-families. 22.6% of all households were made up of individuals and 11.7% had someone living alone who was 65 years of age or older. The average household size was 2.70 and the average family size was 3.14.

Apply Now

Questions

911loan@gmail.com

 
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 "
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

MINIMUM CREDIT SCORE

PORTFOLIO MORTGAGE

NO MIN FICO SCORE 

NO TAX RETURN PROGRAMS

550 MIN FICO

FHA/VA MORTGAGE

500 MIN FICO

CONVENTIONAL

620 MIN FICO

CALL NOW!

954-667-9110

Apply Now!

All Information Subject To Change Without Notice and should not be relied on for decision making.