The Leading Florida (FL) FHA Lender
Florida FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Florida borrowers the opportunity to secure FL home loans, when they don’t quality for other conventional loans. For example, future Florida homeowners with little credit history or poor credit history are sometimes able to qualify for Florida FHA loans.
What is an FHA Loan?
Florida FHA loans are ideal for first-time Florida homeowners due to low down-payment requirements and flexible qualifying guidelines. FHA also offers a refinancing option for Florida homeowners where it’s possible to refinance up to 97.5 percent of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85 percent.
FHA Loan Requirements – Florida
- No income limit
- Florida borrower credit score flexibility
- 3.5 percent down payment on Florida Purchase Loans
- Bankruptcy: FL FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
- Foreclosures: Florida FHA loans can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)
Florida (FL) FHA Limits
FHA loan limits in Florida vary based on a number of criteria including the specific location (county), number of units in the property (up to 4-unit properties in Florida), etc. Please contact Home Point Financial’s Florida FHA loan experts for details on loan limits for FHA loans in Florida (FL). Contact Home Point Financial to learn more about FHA Loans in Jacksonville, Miami, Brandon, Tampa and throughout Florida.
