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BAD CREDIT FLORIDA MORTGAGE APPROVALS

BAD CREDIT FLORIDA MORTGAGE APPROVALS

The subprime Florida home loan, also known as a bad credit home loan, is often the option of last resort for Florida mortgage applicants who simply cannot qualify under any traditional home loan program due to significant levels of bad debt. For those Bad credit Florida homebuyers and refinance applicants we offer a wide range of Bad credit Florida loan options assist nearly everyone in making their dreams of owning a Florida home become a reality regardless of you bad credit problems.

Our bad credit Florida home loan programs include some with prepayment penalties in all Florida cities and counties we serve. Typically our bad credit Florida home loans will include these options:

•       BAD CREDIT FLORIDA FHA HOME LOANS DOWN TO A 580 FICO WITH 3.5% DOWNPAYMENT!!

•       15 YEAR FIXED RATE LOANS BAD CREDIT FLORIDA HOME LOANS

•       30 YEAR FIXED RATE BAD CREDIT FLORIDA MORTGAGE LOANS

•     HARD MONEY FLORIDA LOANS WITH 2-3-4-5 YEAR BALLONS

•       NO INCOME VERIFICATION BAD CREDIT FLORIDA HOME LOANS

•       JUMBO AND SUPPER JUMBO BAD CREDIT MORTGAGE PROGRAMS

•       NON OWNER OCCUPIED BAD CREDIT FLORIDA HOME LOANS 

•       STOP FORECLOSURE FLORIDA LOANS AND PRE- FORECLOSURE BAILOUT HOME LOANS.

THATS RIGHT!!! -WE PROVIDE BAD CREDITNO CREDIT SCORE FLORIDA HOME LOANS!!!

CLICK START NOW TO GET PRE APPROVED TODAY!

FHA LOAN APPLICATION

or use our Quick Application to receive a no obligation consultation on your next Florida mortgage.

BAD CREDIT FLORIDA HOMEBUYERS

It is important for our bad credit Florida home buyers to recognize the value of the opportunities the credit impaired product range offers. Prior to 2000, it was almost impossible for Florida bad credit loan applicants to obtain a Florida mortgage if they did not qualify for either a conventional or government loan. The non-conforming or Bad Credit aka Sub-Prime Florida mortgage market was developed to assist bad credit loan applicants who fell into a higher risk category and needed a residential Florida home loan.

When Florida laon applicants determined to purchase or refinance a Florida home with bad credit, a full analysis must be complete. In order to find the best approach for your situation, our creative and resourceful Bad Credit home loan pros will try to locate the bad credit home loan that best suits your needs and makes the path to home ownership as smooth as possible.

As bad credit specialist we will be able to review this information from a combination of your credit application, credit report, client consultation and subsequent loan documentation type. Our trained loan professionals will then give you the best available bad credit mortgage program options based upon your particular situation, and together we can create a planso that your loan term interest are addressed..

Many Florida bad credit loan applicants s are good people who had a tempoarty hardship but now pay their bills on time. Today most banks have less control to take into consideration these temporary situations and approve bad credit loan applicants. As bad credit mortgage lenders we have the ability to overlook past credit problems and get you approved to purchase a Florida home.

Florida Loan applicants in with poor credit understand they will pay slightly higher interest rate and that investors get compensated. The lower the risk, the lower the interest rate and vice versa. Therefore, there are several risk factors taken into consideration when evaluating a bad credit Florida loan applicant. Obviously, the first thing that a Florida lender looks at is how you have paid your bills and managed your credit in the past 12 to 24 months. They say the best prediction of the future is the borrowers most recent past.

In the hierarchy of credit mortgage late payments that are more than 30 days late are generally considered minor problems; however, 60, 90 and 120-day late mortgage payments can make you a “F” credit risk from the lenders standpoint. Credit scores below 620, even with a good credit repayment history, can also place you into a higher risk category comparable to those who have filed for a recent bankruptcy or faced a foreclosure in the past few years.

Other factors that Florida lenders consider with a Sub-Prime Florida home loan are your debt-to-income levels (usually anything over 50% of your gross monthly income will place you into a Sub-Prime home loan with almost all Florida mortgage lenders), employment history if less than 2 years, type of Florida home your buying, lack of assets and  basically anything that falls outside of conventional or government lending guidelines.

So, if you have bad credit and want to buy a Florida home, why consider a sub prime home loan? For several reasons more Florida mortgage applicants in a purchase transaction can get into a great Florida FHA mortgage rather than a high interest hard money or subprime home loan. Once in the home, a borrower now has an opportunity to clean up their credit, reestablish new credit, and ultimately get a FHA streamline refinance without an appraisal lower the interest rate.

BAD CREDIT FLORIDA MORTGAGE REFINANCE

If you already have a Florida mortgage, a bad credit refinance to cash out equity to pay down higher rate credit cards, pay off a Florida mortgage tied up in Chapter 13 bankruptcy, foreclosures, collections and liens is a great way to clean up a you bad credit history. A bad credit refinance can help you save money each month and get back on your feet. Utilizing a bad credit refinance with prompt credit repair action and 12 months of on-time Florida mortgage payments, you can refinance into a conventional interest rate or a FHA mortgage at the best Florida interest rates available.

Remember these bad credit Florida loans are typically for the short term, approximately 3-5 years, and are not recommended as “life long loans”. Most Florida loan applicants will refinance out after 2 to 5 years into an low fixed rate FHA Home Loan.  Bad credit Florida mortgage loans have a higher cost because the lender assumes substantial risk, for what is projected to be a very short period of time and these home loans have higher than typical defaults. For many Florida loan applicants they remain a way to get a fresh start.

SECOND FLORIDA MORTGAGE WITH BAD CREDIT

If you have a low fixed rate Florida mortgage and have experienced some recent financial difficulties which have created some short term credit issues, We offer several second Florida mortgage programs designed for Florida home owners with credit issues. Whether you need a  cash out for debt consolidation, student loan payments or just to take a well deserved vacation, We offers great terms and several second Florida mortgage options to Florida loan applicants.

The benefits of taking advantage of your homes equity via a second mortgage, or home equity loan, to resolve a new or existing bad credit Florida issues can be numerous. Our professional loan counselors would like the opportunity to speak with you about all of your options and how one of our bad credit second Florida mortgage programs can assist you in addressing any particular issue you might be experiencing. 

BAD CREDIT DOCUMENT CHECKLIST

Copy of Social Security Card

Copy of Drivers License

You 30 Days Pay Stubs

Last 2 months bank staments, all accounts

Last 2 years w2s.

FLORIDA HARD MONEY LENDERS

Florida hard money lenders are always looking for opportunities in Florida’s housing market. A hard money Florida home loan may fit your needs if you find yourself in any in money pinch and unable to qualify for standard Florida loan programs. These Hard money loans are especially good for those who need to close in days not weeks or need to rescue a home foreclosure.

If you’re facing hard luck in Florida we provide hard money home loans in every city and county in Florida. A Hard Money loan may be the quick fix for you to get you the money you need fast! Our hard money loan programs offer borrowers great flexibility with No Credit Checks (in most instances), No Documentation in almost all instances, and case by case no appraisals are required.

We area asset based Florida hard money lenders and lend on the property only. Our maximum TLTV (total loan to value) offered is 65% with rates starting as low as 9.9% up to 14.9%! If you’re looking for hard money Florida mortgage lenders, you’ve come to the right place. We’ve helped many Florida home owners and home buyers save a home facing foreclosure or purchase a Florida home in a matter of days.

CLICK START NOW TO GET PRE APPROVED TODAY!

FHA LOAN APPLICATION

or use our Quick Application to receive a no obligation consultation on your next Florida mortgage.

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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