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Florida Mortgage Lenders
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 Min 550 FICO- FHA+VA mortgage approvals in every city and county in Florida. http://www.florida-mortgage-lenders.com/

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Min 580 FICO_FLORIDA FHA MORTGAGE LENDERS 

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 costs OK! 
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. 

FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN: 
Purchase a Florida home 12 months after a chapter 13 Bankruptcy 
Purchase a 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.
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.

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. 

CALL NOW  954-667-9110 
Or Visit
http://www.florida-mortgage-lenders.com/fha-mortgage.html

 Florida Mortgage lenders .com provide Florida first time home buyers and current Florida home owners the ability FHA mortgage a Florida home with less than 3.5% down payment or FHA refinance a Florida home  up to 96.5% of the home value. Research Florida home loan programs which help you to buy a Florida home. Also, learn about FHA minimum credit requirements, or get pre approved today. Florida-Mortgage-Lenders.com will show you the advantages of how to qualify for an Florida FHA mortgage if you have bad credit or even no credit .

 FHA MORTGAGE- FLORIDA HOME BUYER ADVANTAGES
BAD CREDIT FLORIDA MORTGAGE 

FHA Loans for Buying a Florida Home or FHA Refinance Mortgages 

1STARTNOW

www.Florida-Mortgage-Lenders.com 


FLORIDA FHA MORTGAGE LOAN ARE EASIER TO QUALIFY FOR

FHA mortgage guidelines tend to be more lenient in areas such as credit, debt to income ratios and cash to close. As a result of this FHA mortgage insurance borrowers will find that Florida FHA home loan rates are better than a conventional mortgage. The Florida FHA mortgage provides all these benefits while protecting Florida FHA mortgage lenders from loss.

(Click here) To view more detailed FHA qualifying requirements.

 

FLORIDA FHA MORTGAGE MAY BE RIGHT FOR YOU IF: 

 - You Do not have much for down payment and closing cost - Your down payment for a Florida FHA mortgage can be as low as 3.5% of the purchase price. And, if the seller agrees most of your closing costs can be paid by the seller up to 6% of the sales price. The FHA mortgage is available on 1-4 unit homes including town homes, villas, and single family homes. Condos must be on the FHA approved condo list to qualify.

 - You have no credit score.  The Florida FHA mortgage allows Florida FHA home loan applicants to build a credit history using non- traditional trade lines. Non traditional trade lines include a 12 month payment history to direct service providers. Direct service providers include your electric, water, cell phone or car insurance payments. Read more about Florida no credit score home loans.

 
 - You want a fixer-upper.  The Florida FHA 203K loan allows Florida FHA mortgage applicants to buy and repair a Florida home, fix it up, and include all the rehabilitation costs in one Florida FHA mortgage loan. Or, if you own a Florida home already that you want to re-model or repair, you can use the FHA mortgage to cash out refinance what you owe and add the cost of repairs - all in one Florida FHA mortgage loan.
 
- You have a Bad Credit past.  The Florida FHA mortgage can help Florida FHA mortgage applicants with a bad credit history. The Florida FHA mortgage program will even work for Florida bad credit mortgage applicants with a past foreclosure or bankruptcy, divorce ect. Read more about Florida bad credit mortgage qualifying.
 - You are a senior living in a home that you own outright or you have low loan balance. Seniors fitting this profile may be well-suited for an FHA Reverse Mortgage. The FHA reverse mortgage allows you convert a portion of your equity into cash.

 
 - You want to make your home more energy efficient. With a Florida FHA mortgage can include the costs of energy improvements into a Florida FHA Energy-Efficient Mortgage.
 
- You need FHA mortgage for manufactured homes and factory-built housing. As an approved Florida FHA mortgage lender we offer FHA mortgage loans on manufactured and modular land and home packages built after June 15th 1976. Read more about the FHA mortgage for manufactured home  purchase or FHA refinance in Florida.
 
 LOOKING FOR A BAD CREDIT FLORIDA FHA MORTGAGE?

Unlike most Florida Florida mortgage programs, the FHA mortgage does not have specific credit score requirements. Although a high credit score may assist in getting the FHA mortgage approved, a low score will  not automatically cause denial. If your credit scores are low, then it is up to the FHA mortgage applicant to demonstrate the ability and willingness to pay back debt. This allows Florida mortgage applicants explain the past circumstances surrounding the credit difficulties and have that explanation considered in the FHA mortgage approval process.

The result of FHA's leniency Florida FHA mortgage applicants get approved with past Foreclosures, Bankruptcies and lower credit score can get into a Florida home with out substantial down payment required though conventional Florida  loan programs. Moreover, the FHA mortgage loan is usually the first choice for Florida mortgage applicants.

With an FHA mortgage Florida loan applicants must put at least 3.5% of the sales price into the transaction. The 3.5% can come from a family member and the seller can credit the buyer up to 6% of the sales price to cover the buyers closing cost. With the 3.5% down payment, appraisal, home inspection, and  closing costs, money to establish escrows for taxes and insurance plus interest to finish out the month of closing, the total home purchase costs can be closer to 9 -10% of the sales price.

The interest rate will also have a bearing on the total costs. If you select a lower rate so that you can reduce your mortgage payment, depending on your credit and debt to income ratio you may end up paying additional money towards "points". At the same time if you are comfortable with a slightly higher payment you may find a lender that is willing to pay some of your closing costs to close in favor of a higher interest rate.

FHA allows Florida mortgage homebuyer's or FHA refinance applicants to get the funds necessary to close from several sources. Acceptable sources of down payment include such areas as personal savings, gifts, grants, loans from retirement accounts and seller contributions up to 6%.

USEFULL FLORIDA FHA MORTGAGE INFORMATION LINKS

FLORIDA FHA MORTGAGE LENDERS PROVIDE MORE OPTIONS
FLORIDA FHA MORTGAGE QUALIFYING SUMMARY
FLORIDA FHA MORTGAGE-TAKE A LOOK!!
FLORIDA FHA OR VA STREAMLINE REFINANCE
OFFERING FLORIDA FHA MORTGAGE LOANS
WHATS FHA MINIMUM CREDIT SCORE IN 2013?
WHY AN FHA MORTGAGE OVER OTHER FLORIDA MORTGAGE OPTIONS?
WHY DO FLORIDA HOME BUYERS FIND FHA LOANS ARE SO GREAT?
BAD CREDIT FLORIDA FHA MORTGAGE GUIDELINES
BASIC FLORIDA FHA MORTGAGE PROGRAM INFORMATION
CHAPTER 13 FHA MORTGAGE
FHA BAD CREDIT FLORIDA HOME LOANS
FHA MORTGAGE INSURANCE MAKES IT EASY TO REFINANCE A FLORIDA HOME
FHA STREAMLINE REFINANCE FLORIDA MORTGAGE
FLORIDA FHA HOME LOAN
FLORIDA FHA MORTGAGE
FLORIDA FHA MORTGAGE CREDIT REQUIREMENTS
 
Florida FHA mortgage lenders serving every city and county in Florida including:

Arcadia  | Alachua  | Aventura | Boca Raton | Boynton Beach |  Bradenton | Brandon | Cape Coral | Coral Springs | Clearwater | Clewiston | Cocoa Beach | Cooper City |  Coconut Creek | Coral Gables | Crystal River | Davie | Daytona Beach | DeLand | Deerfield Beach |  Dania Beach  | Davie  |  Delray Beach | Dunedin | Englewood | Ft Lauderdale | Fort Pierce | Fort Walton Beach | Ft Myers | Ft Walton Beach | Gainesville | Hallandale | Hobe Sound | Hollywood | Holiday |  Inverness | Jacksonville | Key West | Lakeland | Largo | Margate | Melbourne | Miami | Miramar | Mount Dora | N. Ft. Myers | N. Miami Beach | Naples | Ocala | Ojus | Oldsmar  | Orlando | Ormond Beach | Palm Beach |  Palm Harbor  |  Palm Bay | Panama City | Pembroke Pines  | Pensacola | Pompano Beach | Port Charlotte | Port St. Lucie | Punta Gorda | Santa Rosa | Sarasota | Siesta Key | Springhill | St. Augustine | St. Petersburg | Sunny Isles | Tallahassee | Tamarac | Tarpon Springs | Tampa | Titusville | Venice | Vero Beach | Wesley Chapel | West Park | West Palm Beach | Winter Haven | Winter Park

 

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3.5% BAD CREDIT FLORIDA MORTGAGE LENDERS
BAD CREDIT FLORIDA MORTGAGE LENDERS
http://www.florida-mortgage-lenders.com/bad-credit.html
Many Bad Credit Florida mortgage applicants don't realize that FHA mortgage loans can help home buyers with bad credit. Even If you have a bad credit past and your looking for a low Florida mortgage interest rate we may be able to help with one of the following: 

Bad Credit Florida mortgage
Bad Credit Florida Portfolio Lenders
Buy a Florida home 1 day after a Foreclosure or Bankruptcy
Bad Credit Florida FHA Mortgage Lenders
No Credit score Florida mortgage
Bad Credit Florida FHA mortgage
Hard Money Florida mortgage
Bad Credit Florida Modular Home Loans
Bad Credit 2nd Second Florida Mortgage
Florida Stop Foreclosure Loans
Bad Credit Florida VA mortgage
Bad Credit Florida Cash For Deed
Bad Credit Florida Mortgage Rates Sheet
ALL SITUATIONS ARE WELCOME!!!


BAD CREDIT FLORIDA HOME LOANS CALL    954-667-9110

www.Florida-Mortgage-Lenders.com

The FHA mortgage can help you purchase a new Florida home with 3.5% down payment even if you have bad credit. Even If you’ve had accounts forwarded to collections, past bankruptcies or Foreclosures, high debt to income ratio, then you still may qualify for our bad credit or no credit Florida mortgage. These government backed bad credit Florida mortgage loans can work for Florida mortgage applicants that don’t have cash for a down payment or closing costs. And they are a much better choice than a Florida hard money loan. 

 

 We work with all types of bad credit Florida mortgage applicants with all types of credit situations who described themselves as having “bad credit” – that are now Florida homeowners! The truth is, there are many more Bad credit mortgage applicants that will qualify for an FHA  mortgage over conventional mortgage.

FREE FLORIDA BAD CREDIT REPAIR CHECKLIST (CLICK HERE)

Credit scores indicate to Florida mortgage lenders how well you manage money. You can improve bad credit mortgage application by demonstrating that you can now handle monthly obligations more responsibly. Furthermore, since bad credit scores could translate into high interest rates on your next bad credit Florida mortgage, your improved credit score will help you get lower interest rates when you are ready to qualify.

HOW TO IMPROVE BAD CREDIT FLORIDA MORTGAGE CHANCES

Here are a few ways bad credit Florida mortgage applicants can raise their chances of qualifying for a Florida mortgage:

1. Prove 12 months timely rental history either provide cancelled checks or verification of rent from a management company. In the hierarchy of credit if you can prove to the Florida bad credit mortgage lender timely rent then you have proven the ability to pay the mortgage.

2. Show the lender last 12 months timely payment history with 0 x 30 days late in the last 12 months on any credit reported obligations.

3. Keep open account balances as low as possible less than 20% of the limit is best.

4. Negotiate all past collections on your credit report other than medical bills to show a zero balance.

 

APPLY NOW FOR BAD CREDIT FLORIDA MORTGAGE!

 APPLY NOW

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FLORIDA CONDO LENDERS
• 100 % VA Condo Mortgage Loans Down to a 550 fico!

• 96.5% LTV on Owner Occupied Condos=  3.5% Down payment!

• 95% LTV on Owner Occupied Condos=  5% Downpayment!

• 90% LTV on Second Home Condos= 10% Downpayment!

• 80% LTV on Second Home Condos= 20% Downpayment

• 80% LTV on Investment Condos= 20% Downpayment.

FHA Condo Loans Down to 580 Fico with 3.5% Down.

VA Florida Condo loans Down to 560!

http://www.florida-mortgage-lenders.com/condo-loans.html

CALL 954-667-9110

In comes the Florida VA mortgage  to the rescue for Condo Buyers and current Florida Condo homeowners. To qualify for a Florida VA Mortgage the Florida condo must be on the VA Approved Condo list, which includes many existing complexes.   You can search for VA Approved Condos yourself, or let us assist you,we are here to help. 

15, 20 and 30 year fixed rate terms available!

Min 580 Fico!

1STARTNOW

www.Florida-Mortgage-Lenders.com

Check Florida FHA approved Condo list- Click Here.

Check Florida VA approved Condo list- Click Here.

FLORIDA CONDO MORTGAGE LENDERS

Florida condo mortgage applicants will find that a mortgage on a Condo is more complex than purchasing a single family or town-home or villa. There are additional requirements for Florida condo associations that do not exist in other typical Florida mortgage transactions. The Condo must be approved by the Florida mortgage lender via condo association questionnaire before you can get financing on a Florida condo.

MANY FLORIDA MORTAGE LENDERS WILL NOT MORTGAGE FLORIDA CONDOMINUMS

Having trouble getting a Florida condo mortgage because the condo you are interested in is being denied by your Florida mortgage lender? Florida mortgage lenders.com offers condominium mortgage loans on many Florida condos projects that are not Fannie Mae approved and which other Florida mortgage lenders consider not financeable. Conditions include the Florida mortgage applicant must: 

1. The Florida condo purchase must be a primary residence = 25% down payment for a purchase or 25% equity for a refinance.

2. 2nd Florida condo home loan transactions require a minimum 30% down payment for purchase and 30% equity in the Florida condo for a refinance.

Our expanded Florida mortgage approvals for condos require no condo questionnaire, no review of the association budget and no approval of the project reserves. It may seem counter-intuitive, but no matter how strong you may be as a Florida mortgage applicant, or what the down-payment/Loan-to-Value is; most Florida mortgage lenders will not mortgage Florida condos if they fail even basic criteria of a condo questionnaire. Details of most denials include: pending litigation in the project, low % of owner-occupancy, high % of current condo owners late on their HOA fees are just a few reasons that will kill your Florida condo mortgage. It is very risky to attempt to secure financing with Florida mortgage lenders that require Condominium questionnaire approval. A result of the Florida housing market crash is that most Florida condo projects have some of the aforementioned issues. The safe and easy path to a smooth Florida mortgage process is to work through one of the very limited number of Florida mortgage lenders that do not require Florida condo questionnaire approval.

Florida Mortgage Lenders.com is one of only a very small number of limited Lenders with Access to the Florida mortgage lenders that do not require a Florida condo questionnaire that offer these programs. 

QUESTIONS TO ASK THE FLORIDA CONDO ASSOCIATION:

1. Is the Florida condo project Fannie Mae or FHA Approved? If the answer is yes, then you may proceed as long as the Florida Condo is not on the Florida mortgage lender’s unbendable list (Yes, this is still possible even if a Florida condo project is Fannie Mae approved). It is important to note that some phases within a Florida condo project may be approved while others may not. This is a common mistake that can blow up many deals.

2. Am I eligible for a Florida condo Project Review Waiver? (Also called a Limited Review) Primary Florida condo purchases with a 25% down payment/equity. Second Florida condo home transactions with a 30% down payment/equity. Investment Properties are not eligible. Beware of lenders offering “Limited Review” of a condo but requiring a Condo Questionnaire. If a condo questionnaire is required, then it is not a limited review and you risk your loan being denied for factors not related to your individual credit worthiness. Check that your Condo is not on the lender’s list of denied projects. The Government Homeowner Assistance Program = HARP will allow you to refinance up to 125% of your home’s value if your Loan is owned by Fannie Mae or Freddie Mac. There is no project approval for these programs.

3. Can I get an Florida FHA mortgage in a Florida Condo that is not FHA Approved? No. Currently FHA and lenders are not allowing spot reviews of condos for FHA Loans. You should check which Condos in the area you are interested in buying are already FHA approved if you are interested in a low down payment FHA loan.

4. What is the minimum down-payment for a Condo Loan? For purchases, typically the minimum down payment is 20%. We encourage that you put more money down so that we can waive the project approval requirements. 25%- Owner Occupied. 30%- Second Home. If the project is FHA approved, you can purchase a primary residence with a 3.5% down-payment. For Refis, if the loan is eligible for HARP- Government Homeowner Assistance Programs- Then it is possible to get a condo home loan for up to 125% of the home’s value.

 FLORIDA CONDOMINUM MORTGAGE REQUIRMENTS

Florida Mortgage lenders have requirements for condo financing.

Mortgaging a Florida condominium comes with a few more requirements than a standard Florida mortgage. Condominiums are mostly part of a condo association and the reputation of that association can affect a Florida mortgage applicants chances of obtaining condo financing. Due to the number of association delinquencies many Florida mortgage lenders have raised their requirements for financing when purchasing Florida condominiums. Large down payments usually between 20-30%, association questionnaire approvals and inspections approved directly by the Florida mortgage lender are some of the requirements that Florida condo buyers must meet before they obtain a loan for a Florida condominium. 

FLORIDA CONDO ASSOCIATION FEES

Living in a Florida condominium complex usually requires the unit owners to pay association fees. Most Florida mortgage companies can now refuse financing if 15 percent or more of the residents are 30 days or more behind on their association dues. Delinquency rates in dues worries Florida mortgage lenders because it casts doubt on the association's cash reserves and financial status.

New Florida condominium units and complexes have a minimum criterion of sold units to meet. Most Florida Mortgage Lenders now want to see at least 49 percent of the units sold or under contract before they will agree to financing.

INSPECTIONS

o Condominium inspections usally take place before the Florida mortgage applicant apply for condo financing.. However, all Fannie Mae-backed Florida mortgages for condos will have to undergo an inspection by a Fannie Mae representative. This includes the complex as well as an investigation into the association's financial situation. Previously, Florida condominium inspections were carried out but by the individual Florida mortgage lender.

CONDOS REQUIRE LARGER DOWNPAYMENT

Mortgage insurance (MI) companies are currently not providing private mortgage insurance in Florida due to the large number of defaults. As a result Florida condo mortgage applicants are required to put down a minimum 20 percent down payment.

http://www.florida-mortgage-lenders.com/condo-loans.html

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http://www.florida-mortgage-lenders.com/condo-loans.html
FLORIDA CONDO LENDERS
• 100 % VA Condo Mortgage Loans Down to a 550 fico!

• 96.5% LTV on Owner Occupied Condos=  3.5% Down Payment!

• 95% LTV on Owner Occupied Condos=  5% Downpayment!

• 90% LTV on Second Home Condos= 10% Downpayment!

• 80% LTV on Second Home Condos= 20% Downpayment

• 80% LTV on Investment Condos= 20% Downpayment.

FHA Condo Loans Down to 580 Fico with 3.5% Down.

VA Florida Condo loans Down to 560!

In comes the Florida VA mortgage  to the rescue for Condo Buyers and current Florida Condo homeowners. To qualify for a Florida VA Mortgage the Florida condo must be on the VA Approved Condo list, which includes many existing complexes.   You can search for VA Approved Condos yourself, or let us assist you,we are here to help. 

15, 20 and 30 year fixed rate terms available!

Min 580 Fico!

1STARTNOW

http://www.florida-mortgage-lenders.com/

http://www.florida-mortgage-lenders.com/condo-loans.html

Check Florida FHA approved Condo list- Click Here.

Check Florida VA approved Condo list- Click Here.

FLORIDA CONDO MORTGAGE LENDERS

Florida condo mortgage applicants will find that a mortgage on a Condo is more complex than purchasing a single family or town-home or villa. There are additional requirements for Florida condo associations that do not exist in other typical Florida mortgage transactions. The Condo must be approved by the Florida mortgage lender via condo association questionnaire before you can get financing on a Florida condo.

MANY FLORIDA MORTAGE LENDERS WILL NOT MORTGAGE FLORIDA CONDOMINUMS

Having trouble getting a Florida condo mortgage because the condo you are interested in is being denied by your Florida mortgage lender? Florida mortgage lenders.com offers condominium mortgage loans on many Florida condos projects that are not Fannie Mae approved and which other Florida mortgage lenders consider not financeable. Conditions include the Florida mortgage applicant must: 

1. The Florida condo purchase must be a primary residence = 25% down payment for a purchase or 25% equity for a refinance.

2. 2nd Florida condo home loan transactions require a minimum 30% down payment for purchase and 30% equity in the Florida condo for a refinance.

Our expanded Florida mortgage approvals for condos require no condo questionnaire, no review of the association budget and no approval of the project reserves. It may seem counter-intuitive, but no matter how strong you may be as a Florida mortgage applicant, or what the down-payment/Loan-to-Value is; most Florida mortgage lenders will not mortgage Florida condos if they fail even basic criteria of a condo questionnaire. Details of most denials include: pending litigation in the project, low % of owner-occupancy, high % of current condo owners late on their HOA fees are just a few reasons that will kill your Florida condo mortgage. It is very risky to attempt to secure financing with Florida mortgage lenders that require Condominium questionnaire approval. A result of the Florida housing market crash is that most Florida condo projects have some of the aforementioned issues. The safe and easy path to a smooth Florida mortgage process is to work through one of the very limited number of Florida mortgage lenders that do not require Florida condo questionnaire approval.

Florida Mortgage Lenders.com is one of only a very small number of limited Lenders with Access to the Florida mortgage lenders that do not require a Florida condo questionnaire that offer these programs. 

QUESTIONS TO ASK THE FLORIDA CONDO ASSOCIATION:

1. Is the Florida condo project Fannie Mae or FHA Approved? If the answer is yes, then you may proceed as long as the Florida Condo is not on the Florida mortgage lender’s unbendable list (Yes, this is still possible even if a Florida condo project is Fannie Mae approved). It is important to note that some phases within a Florida condo project may be approved while others may not. This is a common mistake that can blow up many deals.

2. Am I eligible for a Florida condo Project Review Waiver? (Also called a Limited Review) Primary Florida condo purchases with a 25% down payment/equity. Second Florida condo home transactions with a 30% down payment/equity. Investment Properties are not eligible. Beware of lenders offering “Limited Review” of a condo but requiring a Condo Questionnaire. If a condo questionnaire is required, then it is not a limited review and you risk your loan being denied for factors not related to your individual credit worthiness. Check that your Condo is not on the lender’s list of denied projects. The Government Homeowner Assistance Program = HARP will allow you to refinance up to 125% of your home’s value if your Loan is owned by Fannie Mae or Freddie Mac. There is no project approval for these programs.

3. Can I get an Florida FHA mortgage in a Florida Condo that is not FHA Approved? No. Currently FHA and lenders are not allowing spot reviews of condos for FHA Loans. You should check which Condos in the area you are interested in buying are already FHA approved if you are interested in a low down payment FHA loan.

4. What is the minimum down-payment for a Condo Loan? For purchases, typically the minimum down payment is 20%. We encourage that you put more money down so that we can waive the project approval requirements. 25%- Owner Occupied. 30%- Second Home. If the project is FHA approved, you can purchase a primary residence with a 3.5% down-payment. For Refis, if the loan is eligible for HARP- Government Homeowner Assistance Programs- Then it is possible to get a condo home loan for up to 125% of the home’s value.

 FLORIDA CONDOMINUM MORTGAGE REQUIRMENTS

Florida Mortgage lenders have requirements for condo financing.

Mortgaging a Florida condominium comes with a few more requirements than a standard Florida mortgage. Condominiums are mostly part of a condo association and the reputation of that association can affect a Florida mortgage applicants chances of obtaining condo financing. Due to the number of association delinquencies many Florida mortgage lenders have raised their requirements for financing when purchasing Florida condominiums. Large down payments usually between 20-30%, association questionnaire approvals and inspections approved directly by the Florida mortgage lender are some of the requirements that Florida condo buyers must meet before they obtain a loan for a Florida condominium. 

FLORIDA CONDO ASSOCIATION FEES

Living in a Florida condominium complex usually requires the unit owners to pay association fees. Most Florida mortgage companies can now refuse financing if 15 percent or more of the residents are 30 days or more behind on their association dues. Delinquency rates in dues worries Florida mortgage lenders because it casts doubt on the association's cash reserves and financial status.

New Florida condominium units and complexes have a minimum criterion of sold units to meet. Most Florida Mortgage Lenders now want to see at least 49 percent of the units sold or under contract before they will agree to financing.

INSPECTIONS

o Condominium inspections usally take place before the Florida mortgage applicant apply for condo financing.. However, all Fannie Mae-backed Florida mortgages for condos will have to undergo an inspection by a Fannie Mae representative. This includes the complex as well as an investigation into the association's financial situation. Previously, Florida condominium inspections were carried out but by the individual Florida mortgage lender.

CONDOS REQUIRE LARGER DOWN PAYMENT

Mortgage insurance (MI) companies are currently not providing private mortgage insurance in Florida due to the large number of defaults. As a result Florida condo mortgage applicants are required to put down a minimum 20 percent down payment.

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www.Florida-Mortgage-Lenders.com FHA Highlights:
• 580+ credit scores and NO OVERLAYS – follow AUS findings
• Unlimited DTI, with an AUS approval
             -  Typically 580-619 is 43% max
             -  Typically 620+ is 46.99%/56.99% max
• No minimum tradeline requirements
• NO Minimum Credit History or Trades with AUS Approval
• No Rental Verification Required with an AUS accept
• Borrowers with 1 FICO, or co-borrower (SPOUSE) with No fico OK
• COLLECTIONS - HUD Guides apply - Medical and Chargeoffs Ignored
• Mortgage lates OK with an AUS Approval
• Approved/Eligible Unlimited DTI - Refer max 43% ratio
• Rental Income on 2-4 Family OK for FTHB!!
• Manufactured Homes (single wide 620 min, and double wide 580 min)
• Refer / Manual UW —in certain situations (ch 13 buyouts, post ch 13 refers, etc) Max 43% DTI  - 580 min
• FHA - Streamlines - Non Credit Qualifying - with min score (580) or NO MIN FICO ALLOWED!
• 203k Full and Streamline with 580 FICO!
• $100 Down HUD REO OK
• Repair Escrows OK!
• Borrower with Work Permits, Non-Resident Alien OK!
• 1 Day off MLS for C/O REFI - Must be off market before date of application
• Non-Occupant co-borrowers OK
http://www.florida-mortgage-lenders.com/fha-mortgage.html

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3.5% DOWN-BAD CREDIT FLORIDA MORTGAGE LENDER DOWN TO 580 FICO
http://www.florida-mortgage-lenders.com/
BAD CREDIT FLORIDA 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 costs OK! 
• 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. 
BAD CREDIT FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN: 
• Purchase a Florida home 12 months after a chapter 13 Bankruptcy 
• Purchase a 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.
• 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.
BAD CREDIT 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.
http://www.florida-mortgage-lenders.com/fha-mortgage.html
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