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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 "
5.0/5.0
by zuser20140303145114251

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

Apply Now!

 PEMBROKE PINES FL FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:

• Pembroke Pines 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.

PEMBROKE PINES FL FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:

• Purchase a Pembroke Pines Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Pembroke Pines 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.
• Pembroke Pines Bad credit Pembroke Pines Florida FHA mortgage approvals minimum FICO credit score of 500 required for 90 FHA financing.
• No Credit Score Pembroke Pines Florida mortgage loans & No Trade Line Pembroke Pines Florida FHA home loans.

PEMBROKE PINES FL FHA MORTGAGE LOANS ALLOW HIGHER DEBT TO INCOME & EASIER JOB QUALIFYING:

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

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

CATEGORY: FHA MORTGAGE GUIDELINES

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

Do Pembroke Pines FL FHA Mortgage Lenders Allow Gifts for Down Payment And Closing Cost? Pembroke Pines FL FHA Mortgage Lenders refer to Gifts as contributions of cash or equity with no expectation of repayment.     Pembroke Pines 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 Pembroke Pines FL FHA Mortgage Lenders Allow More Than 1 FHA Mortgage?

FHA mortgage lenders will not insure more than one Property as a Principal Residence for any FHA mortgage applicants, except as noted below. 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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Pembroke Pines FL FHA Mortgage Lenders Cash Out and Rate Term Refinance

Pembroke Pines 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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Pembroke Pines 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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Pembroke Pines 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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Pembroke Pines FL FHA Mortgage Lenders Allow Non Occupant Co Borrowers

Pembroke Pines 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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Pembroke Pines FL FHA Mortgage Lenders Source Of Down Payment And Reserves

Pembroke Pines 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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Pembroke Pines FL FHA Mortgage Lenders Can Use Non Taxable Income To Qualify

Pembroke Pines 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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Pembroke Pines 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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Pembroke Pines FL FHA Mortgage Lenders Cash-Out Refinance Payment History

Pembroke Pines 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. Pembroke Pines FL FHA Mortgage Lenders Rate and Term Refinance Transactions: AUS Accept – follow AUS. ALSO CHECK Pembroke Pines FL FHA Mortgage Lenders Compensating Factors FHA COMPENSATING…

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Pembroke Pines 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 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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Pembroke Pines FL FHA Mortgage Lenders With Student Loans

How Do Pembroke Pines FL FHA Mortgage Lenders treat Student Loans? Student Loan Payments – Student loan(s) would be calculated as follows, regardless of the payment status. 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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Pembroke Pines FL FHA Mortgage Lenders Approval With Disputed Accounts

Pembroke Pines FL FHA Mortgage Lenders Approval With Disputed Accounts derogatory accounts >= $1,000 cumulative must be downgraded to “Refer” manual underwrite. Medical and accounts resulting from identity and credit card theft or unauthorized use are excluded. A letter from the creditor, police report, etc. is required. Disputed non-derogatory accounts are excluded from the $1000 cumulative total which…

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Pembroke Pines FL FHA Mortgage Lenders Approval With Loan Modifications

Pembroke Pines FL FHA Mortgage Lenders Approval After A Loan Modifications Pembroke Pines FL FHA Mortgage Lenders Automated Underwriting System required to follow guidance for acceptable mortgage history. Manual Underwrite -follow manual mortgage requirements (Ox30 for most recent 12 months and 2×30 for the most recent 24 months on the modified mortgage.) Payment history is evaluated based upon the FHA mortgage…

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Pembroke Pines Quick Facts

Pembroke Pines ECONOMY--The unemployment rate in Pembroke Pines is 4.50 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Pembroke Pines jobs have Increased by 3.89 percent.

Pembroke Pines COST OF LIVING- Compared to the rest of the country, Pembroke Pines's cost of living is 10.10% Higher than the U.S. average.

Pembroke Pines POPULATION-As of 2014, Pembroke Pines's population is 155,578 people. Since 2000, it has had a population growth of 12.67 percent.

Pembroke Pines TRANSPORTATION-Average Commute time is 29 minutes. The National Average is 25 minutes.

Pembroke Pines REAL ESTATE-The median home cost in Pembroke Pines is $196,500. Home appreciation the last year has been 16.60 percent.

Pembroke Pines SCHOOLS- Pembroke Pines public schools spend $10,135 per student. The average school expenditure in the U.S. is $12,435. There are about 16.9 students per teacher in Pembroke Pines.

HOMES FOR SALE IN Pembroke Pines Florida


About the City of Pembroke Pines 
Pembroke Pines FHA MORTGAGE  / Pembroke Pines VA / Pembroke Pines FHA REFINANCE / Pembroke Pines NO CREDIT / Pembroke Pines BAD CREDIT / Pembroke Pines HARD MONEY / Pembroke Pines LOAN INFO / Altamonte SpringsHA INFO / FHA LOAN  LIMITS

Pembroke Pines was officially incorporated on January 16, 1960. The name "Pembroke Pines" was taken from its location along Pembroke Road and the many pine trees in the area. But the name "Pembroke" dates back much further, and may have originated with an early landowner from Britain known as the Earl of Pembroke. The first inhabitants of the area were American Indians who first appeared about 4,000 years ago.
According to the United States Census Bureau, the city has a total area of 34.8 square miles (90.2 km2). 33.1 square miles (85.8 km2) of it is land and 1.7 square miles (4.4 km2) of it (4.88%) is water, making it one of the largest cities in Broward County.
As of 2010, there were 61,703 households, with 7.8% of them being vacant. In 2000, 36.2% had children under the age of 18 living with them, 56.4% were married couples living together, 11.1% had a female householder with no husband present, and 29.1% were non-families. 24.1% of all households were made up of individuals and 12.5% had someone living alone who was 65 years of age or older. The average household size was 2.62 and the average family size was 3.13.

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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.