FHA

Are you one of the many who think that FHA insured loans only apply to buyers with low-incomes or low-cost properties loans? Well, think again! More and more people are pre-qualifying for FHA government insured loans and are being afforded the chance to own property daily!

FHA may be helpful for:

1. First-time Home Buyers
2. Property Flipping
3. Seniors Age 62+ (FHA Reverse Mortgages)
4. Energy Efficient Costs
5. Manufactured Housing and Mobile Homes

Therefore, FHA properties can offer pre-qualifers loans with:

1. As low as 3.5% Down Payments for Primary Residences; 96.5% Loan insured
2. Low Credit Score Approvals
3. 55% Debt Ratio Approvals
4. Low Closing Costs, 6% Seller Concessions (In process of changing to only 3%)

FACTORS YOU MAY NOT HAVE KNOWN ABOUT FHA PRE-QUALIFICATION/APPROVAL:

1. The Maximum Loan Amount covered in Miami-Dade County by FHA is $423,750! ( Making it by no means a low-cost property loan!)
2. First-time Home Buyers may be awarded financial aid!
3. Credit Scores as low as 580 to 620 have been approved for FHA loans!
4. You need not be a citizen of the United States! Legal Residents with a Social Security Number, Valid Visa and Credit Score can QUALIFY!
5. Full amounts, including down payments, reserves and closing COSTS CAN BE GIFTS!! Non-occupant co-borrowers can contribute all costs!
6. The minimum steady Employment History requirement is ONLY 2 years with a 90 day gap and need not be the same employer!

Finally convinced you can pre-qualify for a mortgage? Are you ready to take the necessary steps towards owning your own home?

I have the Tools to find FHA approved Single Family Homes, Condominium and Townhouse Complex in ALL of Dade and Broward!!!

Contact me today to find out which properties are FHA approved and be closer to owning your OWN home!

Jessica Castillo
Cellular: 786.537.4714
Email: jessica.castillo@century21.com

Century 21 Premier Elite Realty
375 Miracle Mile
Coral Gables, FL 33134
Tel: 305.442.2122
Fax: 305.442.2180
Website:PremierMiami.com

This is your opportunity to own the property you have always wanted!!



FHA Links

• What is FHA?

http://www.hud.gov/offices/hsg/fhahistory.cfm

http://portal.hud.gov/portal/page/portal/HUD/federal_housing_administration

• HUD in Florida

http://portal.hud.gov/portal/page/portal/HUD/states/florida