| Change Your Life with an FHA Home Loan | | | | expense. Even if you have been late on your FHA |
| If you are a Florida first-time home buyer or have | | | | mortgage, you might still qualify for an FHA streamline |
| bought a Florida home before and have less than | | | | refinance in Florida under very specific conditions. |
| perfect credit you have come to the right place. At our | | | | Less documentation and no appraisal are just two of |
| FHA mortgage Loan Specialists will take you through | | | | the reasons a FHA streamline refinance is cheaper |
| the FHA home loan process step-by-step. | | | | and faster for the borrowers who qualify. |
| With an FHA mortgage Loan you can: | | | | FHA Mortgage Loan |
| - Purchase a Home with only 3.5% down payment. | | | | Streamline Refinance Requirements |
| - Remodel Your Home | | | | When your 1st Continental Mortgage lender helps you |
| - Make Home Repairs | | | | get a streamlined FHA refinance on your existing |
| - Make Energy-Efficient Improvements | | | | mortgage loan, he or she will make certain that you |
| FHA Loans are guaranteed loans, which means that | | | | meet these conditions: |
| FHA mortgage lenders will offer you lower, more | | | | - Your current mortgage must be an FHA mortgage. |
| affordable rates. Even if you have less than perfect | | | | - You must have had your FHA Mortgage for at least |
| credit or are a Florida first time home buyer, an FHA | | | | 6 months. |
| Loan can help you save money on the Florida home | | | | - You must have paid your mortgage on time for the |
| of your dreams. | | | | most current 12 months. |
| FHA mortgage Florida , FHA loan Florida | | | | - Your FHA Streamline Refinance must lower the |
| Minimal Down Payment and Closing Costs. | | | | principal and interest portion of your mortgage |
| - Down payment less than 3.5% of Sales Price | | | | payment by at least $50 or convert the mortgage |
| - Gift for down payment and closing costs allowed. | | | | from an ARM to a fixed rate FHA home loan. |
| - No reserves or required. | | | | - You can't get cash out on the FHA streamline refi. |
| - FHA regulated closing costs. | | | | - You must have an FHA appraisal if you are rolling |
| - Seller can credit up to 6% of sales price towards | | | | the closing costs into the FHA streamline refinance. |
| buyers costs. | | | | - Any existing liens on your Florida home must be |
| Easier Credit Qualifying Guidelines such as: | | | | subordinate to the new FHA mortgage. |
| - Minimum FICO credit score of 540. | | | | FHA Mortgage Loan Refinance |
| - FHA will allow a home purchase 2 years after a | | | | Programs for Cashing Out Equity |
| Bankruptcy. | | | | Although a streamline refinance does not allow you to |
| - FHA will allow a home purchase 3 years after a | | | | cash out equity, we have a FHA loan refinance |
| Foreclosure. | | | | program that is specifically designed for borrowers |
| Higher Debt Ratio's than other home loan programs. | | | | who want to cash out equity to consolidate debts, |
| - Less than two years on the job is allowed. | | | | make home improvements or to access funds for |
| - Self-Employed individuals o.k. | | | | other purposes. |
| APPLY NOW AT http:/ FHA Loan Programs Florida | | | | Unlike many conventional loan programs, the FHA |
| At one point and time many years ago, the FHA loan | | | | mortgage does not adjust the rate based upon loan to |
| was the only alternative to local bank financing for | | | | value or credit score. You will find the FHA has very |
| Florida home buyers. In the fashion world, there is a | | | | reasonable underwriting guidelines for cash out |
| saying: Wait long enough, and everything comes back | | | | refinancing. |
| into style. That rule applies just as well to Florida FHA | | | | We have helped many clients borrow up to 85% of |
| mortgage program. Long-overlooked, the FHA home | | | | the appraised value of their homes and use the funds |
| loan is becoming popular again with Florida Home | | | | to consolidate debts or to make home improvements |
| Buyers for its low rates and the real security it | | | | and other purposes. Qualified borrowers will have to |
| provides Florida mortgage applicants. | | | | look hard to find lower rates and better terms than |
| For Florida banks and other mortgage lenders, FHA | | | | they can get on Florida FHA cash out refinance right |
| mortgage loan financing offers the security of a | | | | now! |
| government insured Mortgage. Win/Win! To learn | | | | Call 1st Continental Mortgage today at 1-800-570-0448 |
| more, call today at 1-800-570-0448 or just use our fast | | | | or use our quick application to apply for an FHA |
| and easy quick application! | | | | refinance on your home in Sumter County or any of |
| For Florida first time home buyers and other | | | | the other Florida counties we offer FHA mortgages in. |
| borrowers, the FHA home loans can have key | | | | FHA Home Loans For Mobile Homes with Land |
| advantages: | | | | Although some conventional lenders in Florida shy |
| Easy Qualification - The FHA mortgage insures | | | | away from making a loan on Mobile Homes or |
| lenders against loss for loans made to properly | | | | manufactured homes, many FHA mortgage loan |
| qualified FHA home loan borrowers. So you're likely to | | | | lenders do not. |
| find FHA loan with terms that make it easier for you to | | | | In fact, mobile homeowners fortunate enough to |
| qualify. | | | | connect with a Florida FHA mortgage lender, who is |
| Minimal Downpayment Requirements - FHA loans can | | | | well schooled in how FHA loans work for mobiles and |
| work with as little as 3.5% down and those funds can | | | | manufactured homes, can get a better interest rate, |
| come from a family member, charity, or your | | | | better terms, and a lower monthly payment by going |
| employer. Although the FHA loan does not have a | | | | FHA in nearly every case. |
| zero down mortgage option yet, you will find that your | | | | If you're shopping for financing to buy a mobile or |
| 1st Continental Mortgage loan officer can point you to | | | | manufactured home on land in Sumter County or any |
| many Downpayment assistance programs that work | | | | of the other 66 counties in Florida that we serve, call |
| well with Florida FHA home loans. | | | | 1-800-570-0448 and let us give you a quote for an |
| Less than A-1 Credit is Okay - The Florida FHA | | | | FHA mortgage loan to purchase your mobile or |
| mortgage program exists to expand the pool of home | | | | manufactured home. |
| buyers. Even borrowers with prior bankruptcies or | | | | It only takes a few minutes to get an FHA loan |
| mortgage lates get approved every day for FHA | | | | mortgage quote on your Florida mobile home. We'll |
| mortgages to buy or Refinance homes in Hillsborough | | | | wager that the savings on your monthly mortgage |
| County or any of the other Florida counties we serve. | | | | payments will make it some of the highest paid work |
| The FHA loan program uses credit quality, not credit | | | | you've ever done. |
| score! | | | | Few people realize that the FHA mortgage loan uses |
| Lower Cost Over the Life of the Loan - The Florida | | | | the same underwriting criteria for single and double |
| FHA mortgage rates are extraordinarily competitive. | | | | wide mobile homes and manufactured housing as it |
| FHA's lower risk to the lender means a better rate for | | | | does for traditional site built block or stick homes. In |
| the borrower. | | | | addition, FHA is one of the very few programs that |
| Safeguards for FHA Mortgage applicants Who Get | | | | can offer up to 97% financing on mobile homes on |
| Behind - The Florida FHA mortgages also allow the | | | | land. In addition, did you know that the seller can |
| lender more options in helping borrowers who fall | | | | contribute up 6% toward your closing costs on an |
| behind keep their homes are get current again: special | | | | FHA mobile home loan and that down payment |
| forbearance, workouts, even free mortgage | | | | assistance can be used in Florida? It's true! You could |
| counseling. Further, HUD can allow the FHA Mortgage | | | | package your mobile home financing to create a real |
| lender to take past due payments and move them to | | | | no money down loan with unbelievably low rates. |
| the end of the loan and in some instance will actually | | | | Call 1-800-570-0448 or use our secure online quick |
| pay your past due payments for you. Options to save | | | | application for a free no obligation quote on financing |
| your home you'll never get from a conventional loan! In | | | | your manufactured or mobile home using an FHA |
| an uncertain world, this is another excellent reason for | | | | mortgage loan. |
| you to get an FHA home loan. | | | | FHA Mobile Home Lending Guidelines |
| Manufactured Housing - Under certain conditions, you | | | | The Department of Housing and Urban Development |
| can even finance a Mobile Home or manufactured | | | | (HUD) sets forth these guidelines for determining if a |
| home using a Florida FHA home loan. Call | | | | mobile or manufactured home qualifies for an FHA |
| 1-800-570-0448 to get pre-approved for a Florida FHA | | | | mortgage loan in Florida: |
| loan for manufactured housing or just use our quick | | | | - The mobile or manufactured home must be |
| application to learn more! | | | | constructed in accordance with the Federal |
| FHA Mortgages Are Fully Assumable - When you are | | | | Manufactured Home Construction and Safety |
| ready to sell your Florida home, you can offer buyers | | | | Standards. A red tag is attached to the rear of each |
| FHA financing! All FHA loans can be assumed by | | | | section of homes that comply with the standards. |
| qualified buyers. | | | | - The home must be taxed as real estate by the local |
| These are just seven of the many good reasons to | | | | tax assessor's office. |
| apply for an FHA mortgage. Call 1-800-570-0448 to | | | | - The mobile or manufactured home must have been |
| speak with a friendly Florida FHA loan specialist now! | | | | built after June 15, 1976. |
| The FHA program has evolved since it started in 1934 | | | | - The mortgage must have a term of at least 30 |
| and now has options for HUD insured loans that fit a | | | | years from when amortization begins. |
| variety of different borrowers and situations. | | | | - The mobile home or manufactured home must be on |
| FHA Home Loans for Purchasing or Refinancing a | | | | a permanent foundation. |
| Florida Home | | | | - The axles and tongue must be removed from the |
| Although Florida FHA home loans require additional | | | | mobile or manufactured home. |
| paperwork, the reality is that applying for an FHA | | | | - The mobile home or manufactured home must have |
| mortgage loan in Florida is not much different from | | | | adequate skirting and insulation, and the crawl space |
| applying for conventional financing. In fact, for many | | | | must have adequate ventilation. |
| borrowers the small amount of extra time turns out to | | | | If you would like to determine if your mobile or |
| be an exceptional mortgage bargain because they | | | | manufactured home meets the guidelines for section |
| save thousands of dollars over the life of their Florida | | | | 184 financing from FHA, call one of our Florida |
| Mortgage. | | | | mortgage pros at 1-800-570-0448. We'll be glad to help |
| At 1st Continental Mortgage, we have been working | | | | you determine if the property that you are interested in |
| with the FHA program for many years. We're experts | | | | can be used as collateral for an FHA mobile home |
| at assembling the proper paperwork and presenting | | | | mortgage. FHA 203k Mortgages For Florida |
| your loan application to FHA approved lenders diligently | | | | Homeowners Making Home Improvements |
| and professionally. It's one of the ways that we have | | | | The FHA 203k loan program is nothing more than a |
| earned our reputation for closing FHA home loans in | | | | specialized FHA home loan designed to help |
| Florida on-time. | | | | homeowners make home improvements. It is |
| You may be surprised at how flexible sellers are in the | | | | especially popular in neighborhoods with properties in |
| current market and how many programs there are | | | | need of rehabilitation. |
| that provide Downpayment assistance to applicants | | | | The FHA 203k loans work in Florida communities in |
| for FHA financing to purchase Florida homes, condos, | | | | much the same way as Construction loans for home |
| and townhouses. The fact is, seller can pay up to 6% | | | | improvement. Eligible borrowers can use the proceeds |
| towards your closing costs. This means, no closing | | | | from these FHA mortgage to renovate and improve |
| costs for you when negotiated during the purchase | | | | their primary residences. |
| contract! | | | | Qualifying for a 203k FHA mortgage uses the same |
| The FHA program offers excellent fixed rate options | | | | guidelines as a standard FHA mortgage for the |
| and never a prepayment penalty. If other mortgage | | | | purchase of a Florida home. Target Borrowers for |
| lenders are quoting you subprime rates, you owe it to | | | | FHA 203K Mortgages |
| yourself to make the call to 1st Continental Mortgage | | | | This specialized FHA mortgage is for Floridians who |
| to compare the costs of getting an FHA home loan | | | | wish to buy a home that needs repairs or renovations. |
| for your home purchase. Call 1-800-570-0448 to speak | | | | Just as is the case with a conventional construction |
| with an FHA mortgage expert before accepting any | | | | loan, a single FHA 203k loan covers both purchase of |
| conventional mortgage quote as the best you can do! | | | | the Florida real estate and renovation. FHA 203K |
| FHA Home Loans Offer the Convenience of | | | | financing can be used to purchase a property on a site |
| Streamlined Refinance | | | | and move it to a new foundation on the mortgaged |
| An FHA streamline refinance is one of the easiest | | | | property and rehabilitate it. |
| home loans for Mortgage Lenders and borrowers. | | | | In addition, Florida homeowners can also use a 203k |
| Since HUD approved you for the original FHA loan, the | | | | FHA mortgage to refinance existing debt when they |
| paperwork to refinance is minimal and the process is | | | | finance one or more home improvements using the |
| simple. | | | | FHA 203k mortgage program. |
| So long as you have made your FL FHA loan | | | | Many borrowers are finding out what a good deal a |
| mortgage payments on time for the previous 12 | | | | Florida FHA home loan really is. Call 1-800-570-0448 |
| months, you can lower your monthly payment if | | | | today or simply use our quick application to find out |
| interest rates go down with minimal out of pocket | | | | more! |