If you are trying to get a mortgage loan modification, you are in for a fight.  It’s not as easy as one might think.  Here’s why…

Have you every wondered who to believe? Have you ever had the idea that the person you are talking to isn’t the right person who can help you, or even wants to try to help you?

When this is your house on the line, it cannot only be frustrating, aggravating and naseuous, but down right scary.

There is a og of bad information going on out there.  When you are talking about your family’s house and security, you want the right information and someone who is going to give you the straight scoop.

Instant loan modifications representatives will do just hat.  Coming from the mortgage background and working directly with the lenders and having the relationships with the mitigation department and the negotiators, they know what the bank needs to know and what the ratios and guidelines are with each lender.  It can become a game of poker.  Here is why:

Usually when you call the bank, if you are lucky enough to speak with someone who speaks English, without being re-routed somewhere else in the world, they are going to ask you a couple of questions.

First, they are going to as you if you are current with your payments or they will check your loan number to see if you are current or not.  Guess what, if you are current, you are probably not going to get any help.  I have talked to clients who thought they were doing the right thing by calling the bank first.  They tell me that they were told by the bank to call them back when they were 90 days late on the payments.  That is crazy!!

When you tell them you are current, you are then considered a performing asset.  In many cases, you must be late with your payments to trigger a series of new reports for the lenders and then your loan number will be considered a “non performing asset″.  This is sometimes needed to get co-operation, even though this is hard to believe for people who need assistance, but still have a high credit score and will do everything they can to be current with their mortgage payments.

Second question they will ask, again if you are lucky enough to get this far, is going to be about your financials.  I know it is hard to believe this, but the bank is not really your friend.  When you are asked about your financials, they want to know about your income and your monthly expenses, they already have your mortgage information.  This is a make or break point.  Most homeowners, if you pardon the expression, are “blah, blah, blah″ to the lender concerning their financial information.  Then a typical response from the lender is, “Sorry, you don’t qualify because you don’t make enough, or you make too much″.

When in fact, you may qualify!

That is where we come in.  Coming from the mortgage background, we know what the guidelines are and what ratio’s the lender is looking for to move forward with the modification.  This is critical.  The is absolutely the reason, along with having the ability to speak with someone to get a file moving towards a modification, to use a professional in assisting you with getting a loan modification.

We can help determine what you may qualify for, with a phone call, get your financials over the phone and get back to you within 12 to 24 hours to discuss the best potential options with you.  Our underwriters will calculate and run the necessary calculations to determine your best options.  We are not the bank, or the tax man, but we do need to verify your finacials with copies of pay stubs, etc after an initial conversation.  We can get done what takes the bank 30 to 90 days or longer to do.  Once we have a couple of conversations and you are comfortable with our proposal you can decide on how you want to move forward. 

You may qualify for an instant type loan modification, or you may need to go with a conventional loan modification.  Either way, you will know and you will have the honest advice and you can decide what will be in the best interest for you and your family.

If you are behind in mortgage payments or not, we can help you.  We will let you know if you qualify for one or more of the rate reduction programs, some do not insist you are late on the payments.

Some have received letters stating they qualify for a loan modification, only to call the bank and then wonder why you got that letter in the first place…they are not very helpful!  Others may be insistent and persistent, calling the bank every day or every other week.  Some may have sent in all your financial information, months ago, and wonder why nothing has happend or gotten done.  The truth is everything will always need to be updated for the lender.

As I mentioned before the bank is not necessarily your friend.  When you talk to someone there, it may just be a hired helper working behind a keyboard.  Is that who you want to trust with your house?  Let’s be real here.  Some people have been successful and been able to get something done in regards to their loan modification.  More power to them.  With the rate of almost nine to ten thousand home a day going into foreclosure, do you think the banks are imploded?  Do you think they are going to be able to take care of everybody?  Do you think that having someone professionally deal with the benk on your behalf would be a smart decision?

Give us a call or contact us and get the straight scoop.  We will tell you the fastest and most productive way to get something done that will be beneficial to you and your family.  To get started with your mortgage loan modification, just visit the links below to Instant Loan Modification.



Promoting Power

If you need loan modification help, read on.  I will be going over a few of the main reasons most Americans are denied a loan modification.

Getting a home loan modification might seem easy.  You think you lender would love to modify your loan and keep you in your house and keep your loan a positive asset to them.  But, no.  That’s not the way it goes.  Getting your payments reduced is not an easy task.

If you ever landed on Moe Bedards blog, he himself says that his website has been around since 2007 and they have helped homeowners save 300 houses.  300 houses??? That’s it! And what about the Obama Mortgage Plan?  They have modified less than 300,000 mortgages across the country since it’s inception.  There are millions and millions of people 60 days late or more on their mortgages right now alone.  These figures prove that getting a loan modification is not as easy as one might think.

The main reason homeowners fail, in my opinion, is that they fail to properly prepare themselves or do not understand the financial guidelines for getting approved.  Some lenders are actually sending out letters to delinquent homeonwers saying they might be qualified for assistance.  Say you get the letter and call your lender right away….bad move.  They will immediately ask you a series of financial questions to summarize your income and expenses each month.  You have to be in the “window” to get approved for this, so if you are not prepared I doubt you can do the math in your head to end up about even each month.  This is where you want to be.  Add up all your expenses and take subtract them from your monthly income.  If you are about $200 positive that is what most lenders are looking for.  You don’t want to appear flat broke or they will think you cannot afford to pay your new mortgage payment.

If you have already tried to get a mortgage loan modification and were denied (most are), there is still hope.  You can use a loan modification company to assist you or if you are really good on the phone you might be able to convince your lender that you made a mistake in your financials and get a “do-over″.

Loan modification companies have received a lot of bad press, but there are really good companies that know how to get their clients approved.  And with the Obama plan, if you get approved you can be looking at an interest rate as low as 2%.  That will shed some dollars from that monthly payment for sure.  They have to keep your payment at 31% of your net monthly income under those guidelines.  The good thing about this program is that if the person negotiating knows what they are doing, you can actually get approved over the phone and you will not have to send in tons of paperwork.  The whole thing can be completed in a week or two sometimes.  There is always a chance it could take a few months, but under those guidelines your mortgage is frozen for 3 months and you lender can′t foreclose on you during that time.  This is great news if you are way late on your payments and freaking out that your house is going to be sold at an auction!

If you’d like a list of reputable companies that can give you loan modification help, just visit the links below.  Good luck and remember…Until your home is sold it is never too late to save it.



Credit Cards

If you are one of the struggling homeowners facing possible foreclosure there may be renewed hope! Even if you applied for a modified loan with your lender and were turned down, you now may re-apply under the federal government home loan modification program. This may be your last chance to save your home!

You may be interested in obtaining a loan modification under the Home Stimulus Plan; you might be in default with your mortgage already and be in a desperate situation. Do you know who to call? Where do you go for help in getting your mortgage restructured under this government plan?

The Obama Administration has managed to get a bill through to provide some relief to homeowners who have been hit hard by the current economy. This program gives incentives to lenders to provide reworked mortgages to homeowners who have had financial hardship. Financial hardship entails having something happen to you that you could not control that has significantly impacted your financial situation. The lenders can use several tools to achieve the end result of lowering your monthly mortgage payment so that you can better afford to pay it and hopefully stay in your home.

So, you have probably figured out that you need to call your lender. The lender must be on the Approved Lender List with the program in order for you to proceed. 80% of home loans in this country are with lenders on the list, so probably they are. The loan also has to be backed by Fannie Mae or Freddie Mac. It had to have been signed on or before January 1, 2009, and not be for an amount more than $729,750. Only primary dwellings will qualify for this loan modification; this means you live there more than 50% of the time.

Before you call, you should have all your information lined up with the guidelines of the program. This will involve doing a little homework on your part beforehand. But, by doing all this preliminary preparation before you contact your lender, you increase your chances of success. There are little details that could make the difference between qualifying or not qualifying. Be sure you do your preparation first.

And, when you call, be sure you realize that you will have to endure some phone aggravation. Most people experience long hold times and frequent disconnects. Be patient and persistent the Home Stimulus Plan is operational and people are getting help.

I have done a bit of research for you. These loan modification experts can help you. You can find out if you would qualify for a modification loan for free! Don’t wait; your home could depend upon it! Take the first steps to saving your home today! You will be thankful tomorrow!

Do You Follow

The following are examples of ways the Home Affordable Modification Plan can help make your mortgage affordable. These are examples and are not intended to indicate the exact results you can expect if you qualify for this plan.

Legend

GMI = Gross Monthly Income

PITIA = Principal, Interest, Taxes, Insurance and Association Fees

DTI = Debt to Income Ratio

________________________________________________________________________

Example 1: Rate reduction to achieve 31% DTI

GMI                                                                                    $ 4000.00

31% GMI (Target Monthly Payment)                                      $ 1240.00

Loan $200,000 @ 7.5% 30 years                                          $ 1398.43/month

Taxes and Insurance                                                            $ 250.00/month

PITIA                                                                                  $ 1698.43/month

Modify rate to 4% to achieve a DTI of approximately 31%

Modified Rate to 4%:                                                           $ 954.83/month

Taxes and Insurance:                                                          $ 250.00/month

New Payment                                                                  $ 1204.83/month

Savings                                                                             $ 493.60/month

_____________________________________________________________________

Example 2: Rate reduction and extending term of loan to 35 years to achieve 31% DTI

GMI                                                                                     $ 3000.00

31% GMI (Target Monthly Payment)                                       $ 930.00

Loan $200,000 @ 7.5% 30 years                                            $ 1398.43/month

Taxes and Insurance                                                             $ 250.00/month

PITIA                                                                                   $ 1698.43/month

Modify rate to 2%. Modify term to 35 years to achieve a DTI of approx 31%

Modified Rate to 4%:                                                            $ 662.53/month

Taxes and Insurance:                                                           $ 250.00/month

New Payment                                                                    $ 912.53/month

Savings                                                                              $ 785.90/month

________________________________________________________________________

Example 3: Rate reduction, term extension & principal forbearance to achieve 31% DTI

GMI                                                                                   $ 4500.00

31% GMI (Target Monthly Payment)                                    $ 1395.00

Loan $450,000 @ 9.0% 30 years                                          $ 3620.80/month

Taxes and Insurance                                                            $ 250.00/month

PITIA                                                                                  $ 3870.80/month

Modify rate to 2%. Modify term to 40 years

Modified Rate to 2% for 40 years:                                          $ 1362.72/month

Taxes and Insurance:                                                           $ 250.00/month

New Payment                                                                    $1612.72/month

Because lowering the rate to the maximum floor of 2% and extending the terms of the loan to 40 years still does not achieve the desired DTI of 31%, the lender, at its discretion can elect to forgive or forebear a portion of the principal to achieve the 31% DTI. In this example the lender elects to forbear $75,000 of the principal which would be due as a balloon payment at the end of the term of the loan or if the home were to be sold. This is not expected to be a common practice and would most likely be used in an instance where the borrowers suffered a loss of income and the home suffered a sharp decrease in value.

Modified Rate to 2% for 40 years calculated on $370,000          $ 1135.60/month

Taxes and Insurance:                                                              $ 250.00/month

New Payment                                                                      $ 1385.60/month

Savings                                                                                  $ 2485.10/month

 



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According to The Mortgage Bankers Association, a record 5.4 million homeowners in the United States are currently behind on their mortgage payments, as covered recently by The San Francisco Chronicle. As the economy weakens, taking the job market with it, the desperation level of these homeowners continues to grow. That combination makes for a fertile hunting ground for scammers looking to make a quick score. Being taken in a scam on a loan modification can cost a homeowner a lot more than the upfront fees which range from $1,500 to $5,000. If foreclosure is looming due to an extended period of missed payments the homeowner can literally lose the roof over his family’s head should he get burned by relying on a less than reputable company to handle this incredibly important mission.

Detecting and avoiding loan modification scams is a relatively simple task if one knows what to look for and where to look for it. Combine that knowledge with the willingness to spend a little time on due diligence and the homeowner can virtually eliminate the possibility of being scammed. The first priority is to a priority on working with an attorney to execute your loan modification. Follow that with getting some additional information. Get the attorney’s State Bar number. Ask whether the attorney will be representing you or the law office. Find out how long the office has been doing loan modifications and how many have been successfully executed.

Further due diligence can be done by investigating each firm at the local Better Business Bureau (www.bbb.org) and the website for the state bar in your area. Look for ratings, complaints and disciplinary actions. Sticking with accredited sites will give you a much better picture of the firms on your list than some of the sites that do not regulate content and can be used to post false information and misleading statements. Rip Off Report, Bad Biz Finder, and a variety of complaint sites are now being used by unscrupulous companies to discredit reputable firms without recourse. Steven Feldman, founder of The Feldman Law Center in California was recently attacked by one such site in February of 2008. In a recent interview he said, “When we started helping home owners avoid foreclosure with loan modifications there were just a few attorneys in the entire country providing this service. Now I think there are more loan mod companies and newbie attorneys doing loan mod’s than there are McDonald’s across the country.” Commenting on the attempted character assassinations on some of the sites being used as tools of lesser companies he said, “It’s amusing to me that these people even exist. It wasn’t until the Feldman Law Center assisted in shutting down these companies doing loan modification scams that these unfounded allegations hit the internet. I have been an attorney for 30 years and just can’t believe what I read these days.”

Get answers that satisfy your questions and accept nothing less. Work with an experienced law firm that meets your ethical standards. Get those two tasks completed and you are on your way to a successful loan modification. The team at The Feldman Law Center stands ready to answer any questions you might have regarding modifying the mortgage on your home. Please call them at (800) 527 8497.

The information contained herein is provided for general information and advertising purposes only and is not intended to convey a legal option nor legal advice for any particular case or situation. Nothing in this article shall create an attorney-client relationship. Nothing sent to this law office via e-mail shall constitute an attorney-client relationship. Nothing contained in this article shall be construed to be a guarantee or prediction of result. Prior results are provided for general information purposes only and do not guaranty, warranty or predict a similar outcome with respect to any future matter.   Results achieved depend on individual circumstances and not everyone will qualify or be successful in restructuring their mortgage loan.



Weight Loss

 

How do you apply for an SBA loan?  It’s recommended that you do a phone interview first, than assuming you think there is a fit, provide the required information to the SBA bank or lender.

As far as the interview, you want to accomplish a copy of things.  Number one is to be completely upfront and honest with the loan officer.  Tell them the strengths of the request and it’s weaknesses.  Do not try to cover anything up that you may perceive as a weakness, as the underwriters will find out. Underwrites are basically professional detectives and will scrutinize every detail of the file.  If there are issues, you should try to determine if they can figure out a solution now, before you put months into the process only to get a decline. 

Some examples of common issues include, declining business trends, credit score issues, high loan to value, low liquidity, start ups or “young businesses” (less than two years), etc.  This is not to say you should be passive.  You should have arguments thought out and prepared.  For example, say your last tax returns shows that your gross sales declined by 10% compared to the previous years.  You should say something like “our gross declined in 2008 however, are year to date is back on track.  We believe we have turned the situation around.  This is due to our new marketing plans and an increase focus on …” 

You should have other strengths to point out where applicable, “in addition, despite the declining trends we feel the cash position of our business and our relatively low loan to value, should help you get over these issues.”  The banker on the phone will be impressed and will more likely be willing to work will you.

Also, try to figure out what the proposed terms would be, assuming the bank thinks you are credit worthy.  They should be able to give you an idea of the loan to value restraints, approximate interest rate and amortization schedules.  Most SBA bankers will hesitant to give you any hard quotes or specifics until they have a real comprehensive understanding of the loan but, they should be able to give you an idea.  If you feel you can do a lot better, than move on. 

Apply For an SBA Loan

When you believe you have found and decent match you will now have to roll up your sleeves, and provide the required documentation.  The list is thorough and comprehensive.  Keep in mind there is no getting out of this.  You play ball, or have no chance of getting a loan.  At a minimum you have to provide, resumes, 3 years of business tax returns, 3 years of personal tax returns, personal financial statements, and year to date profit & loss and balance sheet. 

 

They will be other required items, but the banker can at least give you a real quote and or a term sheet which will spell out the terms of the proposed loan after they review these items. 

 

 



Best Buy Items

As a borrower, you want to know all of the matters that affect how your mortgage (Intelligence Hypothécaire) will be negotiated. Here are two important features you may want to know about.

-Brokers get a fee based on the size of the mortgage, not on the interest rate of the mortgage.

-Mortgage consultants may receive a volume bonus when they place all of their loans with one bank.

You probably wonder how a mortgage broker (Intelligence Hypothecaire) is paid, since you do not pay him. You are right to be curious, because it is critical to know the incentive of each party to a transaction so you can better understand issues such as conflict of interest, etc.

We all need to be paid for our efforts, and mortgage consultants are no different. They are paid by the lending institutionfor securing the loan forthem. The amount of the home loan is what determines the commission the broker (Intelligence Hypotheque) will earn. The larger the loan, the higher the commission, (the commission on a $200,000 loan is double the commission on a $100,000 loan) not, the higher the rate, the larger the fee.

There are some cases when the commission can be increased slightly. These cases are based on: the term of the home loan – hypotheque, certain variable rate notes, and for how long a mortgage is guaranteed, in guaranteed mortgage products.

Interest rate does NOT influence the fee a broker (courtier hypothecaire) will earn. So there is no incentive for the mortgage consultant to find a higher rate for the customer. This is in contrast to some bonus programs that banks offer their employees. (Read “Will my bank offer a better rate than a broker?” to learn more about this.)

One way mortgage consultants do generate higher fees is by participating in a volume program with a lending institution. If a broker gives a certain number of loans to the same lending institution, he can earn more commission, sometimes as high as 25% over the original fees.

Smaller brokers are influenced by this incentive, but it has no effect on larger mortgage consultants. Brokers such as Mortgage Intelligence, that originated over $8 billion in loans in 2005, or Multi-Pret/Mortgage Alliance with over $5 billion in home loans easily reach the limit on all volume business, and so are not tempted to work with one bank.

What information can we draw from these all of this? First of all, we do not have to be concerned that a broker will be tempted to get higher rates for his customer in order to increase his commission. Secondly, working with a large broker will assure that your loan will be negotiated with the most advantageous lender for you, not the one that will give your broker an additional commission.



Show My Shots

If you are interested in learning how to refinance a home loan, then you should be familiar with that there are a number of important things you are going to have to take into consideration. In the end, in order to make intelligent choices regarding the issue of refinancing a home loan and related matters, you have to be an informed consumer, and this means making yourself as knowledgeable as you can on the matter.

Principally, refinancing your mortgage means taking out a new loan to pay off the original loan that you took out for your mortgage, and in the end the specific purpose is to save by having lower interest rates and as a result paying less in monthly mortgage payments.

It is general knowledge that to get the best in refinancing you will have to make comparisons regarding various lenders although it is also something that can cause a certain amount of misunderstanding. Nevertheless, you will still need to look at different lenders and judge against rates, points as well as fees and also be conscious that even though the rates of interest may be low, it still does not assurance the best option and may even not be the best home loan mortgage refinance.

One more main reason that people refinance home loans is to include a chance to shorten the term of their mortgage, and the prospect to tap a home’s equity in order to finance a large purchase is another common reason.

Securing a low interest rate is unquestionably the most general of all reasons, and as well the most understandable. Reducing your interest rate will not only facilitate by saving you money overall, but as well it increases the rate at which you build equity in your home, and can still reduce the size of your monthly payment, which is great, in particular if you have a lot of other bills that you have to worry about as well.

There are certain situations in which refinancing your mortgage can be amazingly beneficial, but it is essential to understand that this is not true for all situations, and so you need to think about a few different things in order to determine whether refinancing a home loan is a good idea for you or not.

For example, refinancing a home loan would be favorable for you if purchased your home at a time where interest rates were higher and you are now considering refinancing at lower rates. This is for the reason that you will end up saving money by doing so, and so obviously it would be advantageous to you.

Everyone who is interested in refinance loans ought to know about how best to reduce the amount that needs to be paid because it will help you to save money in the process. In consequence, you need to take a peek at your own credit report, see about your current loan, exercise caution about the loan that you agree to, ensure that there are no closing cost refinance loans which frequently belie the claims made by lenders, stay away from paying for appraisal fees or even application fees particularly if your credit history is good, and in conclusion, makes sure that your repayment does not last longer than the lifetime of the product that you buy.

A significant step you need to take when taking into account refinance loan is to have your credit report copy on hand so that you can fix any errors present in the credit report and so lower how much the loan is going to charge you. Subsequently, you must peruse your documentation that accompanies your existing loan and find out if there are charges for prepayment penalties since some companies may ask you to pay fees for leaving them despite the fact that many will also not enforce this clause when you refinance with them.

In any case, prior to selecting refinance loan be certain that you don′t agree to loans that have accompanying pre-payment penalties because there are many refinance loans that do not have such conditions. Along with, be careful not to accept tempting offers that have need of that you accept pre-payment penalties because of the accompanying lower rates of interest offered. It is at all times better to make an informed decision and veering towards the deal in which there is visible profits to be made will always be a better idea.

In addition, there are clear to be closing cost refinance loan which will usually mean higher rates of interest as this is a means for the lender to create money which is why they generally make use of pre-payment penalties. Another feature you should consider regarding refinance loan is that if your credit history is good in that case there should be no need to pay application as well as appraisal fees, and in case a lender asks you to pay these fees, you would be better off looking for refinance loan from elsewhere because there are many lenders who will not charge you other than the recording fees that are merely a small amount that you should not mind paying.

Last but not least, it is by no means a good idea to borrow for longer than the product you want to purchase will last you since otherwise you will end up paying for something that has lost its worth.



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Florida FHA Mortgage Programs

FHA loans have been helping Florida homebuyers become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your Florida mortgage lender can offer you a better deal.

Low down payments Low closing costs Easy credit qualifying

What does FHA have for you?

Buying your first home?

FHA might be just what you need. Your down payment can be as low as 3% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties.

Want a fixer-upper?

FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs – all in one loan.

Financial help for seniors

Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer “yes” to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash.

Want to make your home more energy efficent?

You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.

How about manufactured housing and mobile homes?

Yes, FHA has financing for mobile homes and factory-built housing. We have two loan products – one for those who own the land that the home is on and another for mobile homes that are – or will be – located in mobile home parks.

The FHA loan program was created to help increase homeownership. The  FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Here are just some Examples of how FHA can help you buy a home,

Minimal Down Payment and Closing Costs.

Down payment less than 3% of Sales Price 100% Financing options available No reserves or required. FHA regulated closing costs. Seller can credit up to 6% of sales price towards buyers costs.

Easier Credit Qualifying Guidelines such as:

No minimum FICO score or credit score requirements. FHA will allow a home purchase 2 years after a Bankruptcy. FHA will allow a home purchase   3 years after a Foreclosure.  Easier Debt Ratio and Job Requirement Guidelines such as: Higher Debt Ratio’s than other home loan programs. Less than two years on the job is allowed. Self-Employed individuals o.k.

Answers to Mortgage Questions

Whether Refinancing or Buying, We

Deliver Good Answers to Great Questions!



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FHA home loan

The FHA mortgage program is a FHA home loan program designed to assist every qualified and eligible Florida mortgage applicant with the opportunity to own their own Florida home. Insured by HUD and administered by FHA, the FHA home loan provides prospective Florida FHA mortgage clients with opportunities like no other. By offering unbeatable FHA mortgage interest rates that are lower than conventional home loan programs, the FHA home loan is  becoming the home  loan of choice for many mortgage applicants around the Florida..

Using an FHA mortgage to purchase a Florida home can be the best decisions you ever make as a Florida home buyer. Why consider the FHA mortgage loan? For most of us, the purchase of a home is the largest financial decision we make. If you’ve been out shopping Florida  for Florida homes and speaking with Florida realtors you′re probably pretty tired of learning just how big an investment your next Florida home purchase will be. The FHA mortgage program is designed with the Florida homebuyer in mind.

 The fact is, as a Florida home buyer, you need good mortgage counsel from an FHA mortgage specialist, so you know your getting  mortgage loan program that fits your needs, at a great interest rate, and with an  FHA Loan Specialist that can actually get your FHA home loan closed. Learn more about the FHA purchase program for Florida home buyers by calling 1-954-667-9110 or Visit http://www.FHAmortgageFHAlaon.com to find out more!

 So what are the benefits for buying a home using the FHA loan program?  Some highlights of the Florida FHA loan program include:

 Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase 2 years after a Foreclosure.

 The fact is, for Florida homebuyers  there are many good reasons for virtually all Florida home buyers and home owners to consider the FHA loan program. Beyond just the FHA interest rate benefits, flexible qualifying guidelines , the FHA loan gives you peace of mind To take advantage of the FHA program in Florida, give us a call 1-954-667-9110 to find out more about the many FL mortgage programs we can make available.

 Not every Florida mortgage company can originate the FHA mortgage loans HUD maintains strict guidelines which limit who can assist FHA home buyers and home owners like you, with financing. With such strict FHA guidelines for Florida FHA mortgage lenders you can know with confidence, if the FHA mortgage company you are working with originates the FHA home loans, they are a strong and reputable firm. At www. FHAmortgageFHAloan.com , its our job is to place you in the right FHA home  the first time, so you have a solid foundation for  financing success.



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