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BAD CREDIT MORTGAGE MIAMI FL+HOME LOAN

BAD CREDIT MIAMI HOME LOAN:BAD CREDIT MIAMI FL MORTGAGE:BAD CREDIT MORTGAGE

As a MIAMI  FL Bad credit mortgage lender we provide FHA home loans to purchase or FHA Refinance single family homes, FHA approved condos  and Town homes in MIAMI FL

HARD MONEY LENDER MIAMI FLORIDA
BAD CREDIT MAMI FLORIDA MORTGAGE LENDER | BAD CREDIT MIAMI FLORIDA HOME LOANS

Applying for a Bad Credit Miami Florida Mortgage isn’t as easy as it was a few years ago. Nevertheless, it is not impossible as some Miami Florida mortgage reports make it appear. We are still pre approving Florida first time home buyers andno credit score Florida homebuyers and moving up buyers with past foreclosures and bankruptcies to buy a Miami Florida home every day. We even provide Free Florida credit repair. Need more info? Fill out our quick response form and we will contact you Today! 

HOW DO I GET A GOOD MIAMI FLORIDA MORTGAGE WITH BAD CREDIT?  In order to get a good Florida mortgage with bad credit you must have the following:

  1. No 30 day late payments on your credit report in the last 12 months. Its ok if your 5, 20 or 27 days late.You are not late until you are a full 30 days late on your credit report. Your credit report must show 0x30 days late in the last 12 months..
  2. You must  provide 12 months of verified on time rental history. Either by providing 12 months of canceled checks, money orders  or verification of rent from a management company. (No private landlord letters).
  3. If you cannot verify rental history you may need 3-6 months of future payments in your account at closing.
  4. In addition to verifying rental history (see #3,4) you must have 3 lines of credit on time for the past 12 months. Or use non traditional credit to qualify.
  5. FHA allows 3.5% Down Payment with a 580 FICO score. In most cases when you settle all collections or pay them in full your credit score will increase to at least 580.

THATS RIGHT!!! -WE PROVIDE BAD CREDIT & NO CREDIT SCORE FLORIDA HOME LOANS!!!

CLICK START NOW TO GET PRE APPROVED TODAY!

FHA LOAN APPLICATION

As a MIAMI  Mortgage Lender we also provide:

We are a local MIAMI FL FHA Mortgage Lender that has money to lend. Fill our quick application to find out more about the many MIAMI Florida  home loan programs.

FIRST TIME HOMEBUYERS AND MOVING UP HOMEBUYERS FIND THAT FHA HOME LOANS HAVE KEY ADVANTAGES INCLUDING:

EASIER QUALIFICATION- The FHA loan insures MIAMI Florida FHA mortgage lenders against loss for FHA loans made to properly qualified MIAMI  loan applicants. Most MIAMI FL home buyers will find it easier to qualify with an FHA loan compared to other Florida home loan programs.

MINIMAL DOWNPAYMENT- FHA mortgages work with the smallest down payment of all Florida home loan programs. The FHA downpayment can come from a family member, charity, or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that MIAMI FL FHA mortgage professionals can point you to the many Florida FHA Down Payment assistance programs that work well with FHA home loans.

LESS THAN PERFECT CREDIT IS OK– The FHA home loan program exists to expand the pool of qualified MIAMI FL home buyers. Even MIAMI  FL loan applicants no credit score score or even prior bankruptcies and foreclosures with late mortgage payments get approved every day for FHA home loans to buy or Refinance a in MIAMI FL. The FHA loan program uses credit quality, not credit score!

LOWER COST OVER THE LIFE OF THE LOAN– The FHA home loan rates are extremely competitive. FHA’s lower risk to that FHA mortgage means a lower interest rate for MIAMI FL home buyers and homeowners.

SAFEGUARDS FOR HOMEOWNERS THAT GET BEHIND-The FHA home loan gives MIAMI FL FHA mortgage lenders more options for helping homeowners who fall behind get current again: special forbearance, workouts, even free FHA mortgage counseling. Furthermore, HUD  MIAMI Florida FHA mortgage lenders to take past due payments and move them to the end of the FHA loan and in some instance will actually pay your past due payments for you. Thes foreclosure prevention will help you save your MIAMI   FL home from foreclosure in tough times! In an uncertain world, this is another excellent reason for you to apply for an FHA mortgage.

PAYOFF/REFINACE FLORIDA LAND CONTRACTS- If you are in the market for a Rent to own Florida homes for sale  in  MIAMI  Florida by way of Florida land contract,  seller financing or contract for deed, FHA will allow the new owner financed mortgage to be processed as a FHA purchase or FHA refinance.  If all FHA loan proceeds are used to pay the outstanding balance on a land contract the appropriate LTV ratio is applied to the lesser of the appraised value or total cost to acquire the MIAMI Florida home. Make sure you can document 12 months canceled checks, money orders etc to document your last 12 months payment history.

FHA MANUFACTURED HOME LOANS- FHA Loans are also available for MIAMI  FL modular homes including single wide, double homes (with land) built after June 15th 1976. Check out the FHA manufactured home loan program.

FHA HOME LOANS ARE FULLY ASSUMABLE- When you are ready to sell MIAMI FL single family home, townhouse or condo, you can MIAMI FL home buyers an FHA home loan! All FHA loans can be assumed  MIAMI FL FHA loan applicants.

These are just a few of the many good reasons to apply for an FHA mortgage. The FHA loan program has evolved since it started in 1934 and now has options for HUD insured loans that fit a variety of different MIAMI FL home buyer situations. We are a MIAMI FL mortgage company that has money to lend. Fill our quick application to find out more about the many MIAMI FL FHA home loan programs.

CLICK START NOW TO GET PRE APPROVED TODAY!

FHA LOAN APPLICATION

 


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