Florida FHA loans are a great choice for many first time home buyers in Florida. The primary reason for this FHA requires limited down payment – only 3.5% down is required. The FHA mortgage program provides several benefits to Tampa home buyers, keeping in mind the budget difficulties of many homeowners …Read More
Other Florida Home Loans
FHA By the Numbers – FHA Becoming the Top Mortgage Program
Low down payment home loans are becoming very limited for Florida homebuyers today. One bright light in these desperate times is coming from the Federal Housing Administration. Starting out from the ashes of the Great Depression in the 1930’s, its primary function was to provide insurance for lenders. Private mortgage …Read More
FHA TO ENCOURAGE STREAMLINE REFINANCING
Today, Acting Federal Housing (FHA) Commissioner Carol Galante announced significant price cuts to FHA’s Streamline Refinance Program that could benefit millions of borrowers whose mortgages are currently insured by FHA. Beginning June 11, 2012, FHA will lower its Upfront Mortgage Insurance Premium (UFMIP) to just .01 percent and reduce its …Read More
HARP Mortgage Refinance Changes – Florida
An unused Florida mortgage refinance program designed to help Americans whose home values have dropped is due for a major overhaul by federal regulators. The program was set in place to help those who are unable to refinance which is adding to the stagnant housing market. Unfortunately, very few people know about …Read More
Florida FHA reverse mortgage 101
Older homeowners today have programs which allow them to benefit from the equity that they have built up in their homes over the years. One such loan program is the FHA mortgage reverse loan, also known as the Home Equity Conversion Mortgage (HECM). Just like every other reverse mortgage loan, …Read More
FHA Home Loan Application Pre Approval Process
Many of our Florida home buyers have questions regarding the process of actually applying for a Florida FHA mortgage. Below we will outline the steps and what buyers can expect during the FHA application process. The first step involves a general conversation with your FHA loan specialist to discuss your …Read More
Florida FHA Home Loan Mortgage Requirements
Whenever we listen to the media all we hear about is how the economy is in the dumps. It can be very uneasy for a Florida first time home buyer. The truth is, now is a great time to purchase a home in Florida. This is especially true if you …Read More