Current FHA Mortgage Rates FL

Current FHA Mortgage Rates FL. Finding a mortgage with the lowest possible interest rate, fees and closing costs can save you thousands of dollars.

It's easy to underestimate the cost of owning a home. In addition to your mortgage payment, you'll be paying for property taxes, homeowners insurance, utilities, maintenance costs and possibly condo or association fees.

Banks and mortgage companies are rejecting about half of all borrowers because they don't meet increasingly difficult demands for higher credit scores, bigger incomes and fewer debts.

Asking to be pre-approved for a mortgage is your first chance to find out where you stand. The process is usually free, and being pre-approved boosts your credibility with real estate agents and sellers who don't want to waste their time on buyers who may not be able to get financing.

The best possible deal can reduce your payments by hundreds of dollars a month while saving you hundreds or even thousands of dollars on up-front fees.

Mortgage rates often change several times a day.

Current FHA Mortgage Rates FL. >>>>>

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www.MORTGAGE-WORLD.com LLC is an online mortgage company specializing in FHA loans for first time home buyers.


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FHA Credit Score needed to buy
a house or refinance


FHA loan requirements new borrowers with less than a 580 credit score will be required to put down at least 10%

FHA requires a minimum credit score of 500 to buy a home or refinance


Bankruptcy

Chapter 7 Bankruptcy at least two years must have elapsed since the discharge date


Foreclosure

Foreclosure must have been resolved for at least 3 years

Government loan: Seasoning is determined by the date the claim was paid

Loans other than Government: Seasoning is determined by the date of sale the lender sold the property


Short Sale

FHA guidelines requires three year past from the date of sale of the property


What documentation will I need?

  • W2's or Personal tax returns for 2 years
  • Current pay stubs for the past month
  • Bank statements for last 2 months (all pages)
  • Clear copy of Driver’s License (front and back)
  • Clear copy of SS card (front and back)

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