Now Serving Florida - Georgia

1-954-667-9110

BAD CREDIT FLORIDA HOME LOAN DOWN TO 530 FICO

FHA Purchases (Min 530 score)

  • 10% down and 3 mths liquid reserves
  • 12 months cancelled checks or Management VOR 0x30
  • Must have 3 open and active tradelines for last 12 mths
  • Payment shock limited to 1.5 times rent
  • 31% of gross monthly income towards housing
  • 43% of your gross monthly income must include housing explense plus all other monthly payments reflected on your credit report.
  • No late payments on your credit report in last 12 months
  • All past collections other than medical must show a zero balance.
  • NO late payments on your credit report after a Bankruptcy.

FREE CONSULDATION ::  GET PRE APPROVED NOW

FHA Refinance’s ( Min 530  score)

  1. 0x30 days late on your current Mortgage 
  2. 31/43 MAX DTI 
  3. No cash in hand 
  4. Must provide you with a Tangible net benefit 
  5. NO lates after a Bankruptcy
  6. NO consumer lates in last 6 mths
  7. Must have 3 open and active tradelines for last 12 months

Reserves-Reserves are defined as actual CASH IN THE BANK. These funds must demonstrate a systematic savings pattern on the part of the borrower, bases on verifiable bank statements.

 

Reserves are NOT any of the following:

–          Large deposits

–          Tax refunds

–          Gifts

–          Loans

–          Sales of personal property

–          401k/Pension/retirement Funds

–          Any funds that cannot be properly sourced

About Us

We are US Mortgage Lenders. Major real estate brokerages regularly entrust their clients to our team due to our reputation for transparency, delivering on time, customer satisfaction and loyalty. With five-star customer reviews on Zillow.com and counting, you're assured of having the backing of an experienced team.
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