Miami FHA Mortgage

Easy to Qualify. Comfortable to Afford.

The Federal Housing Authority (FHA) is in place specifically to help you buy “A Home of Your Own”™. By insuring these mortgages, FHA allows lenders to work with borrowers even if they’ve had some credit problems, filed bankruptcy in the past, or have higher than normally allowed debt-to-income ratios.
Our goal here at miami mortgage company Priority Lending is to assist you in securing an FHA Mortgage. You have decided to make a part of the American dream yours, and we will assist you every step of the way. Our FHA Mortgage Specialists will help you decide how much you can afford to spend on your new home, will get you a full pre-approval, and will even put you in touch with a preferred Real Estate Specialist who will show you the available homes in your area. In short, we will put together a team whose only objective is to help you move into “A Home of Your Own”™.

Frequently Asked Questions (FAQ)

Q: What is an FHA loan?

A: An FHA loan is a real estate mortgage. The mortgage is insured by FHA. Since the FHA insures these mortgages, lenders can work with borrowers even when they’ve had credit problems, accounts forwarded to collections, past bankruptcy filings, or debt-to-income ratios that are higher than normally allowed.

Q: Can I get an FHA Mortgage?

A: Many more people qualify for FHA mortgages than for traditional mortgages. To find out if you qualify, speak with our affiliate FHA Mortgage Specialists. They’ll be able to provide a definite answer, quickly.

Q: What if I have “bad credit”?

A: “Bad credit” is a very misleading term. We’ve worked with many people who described themselves as having “bad credit” – but who are now homeowners. The truth is, there are no hard and fast credit score requirements for an FHA loan. If you’re concerned about your credit score, it’s best to speak to our representatives directly. We have programs that can accommodate credit scores starting in the high 400s.

Q: Even if I’ve filed bankruptcy?

A: Yes. You may be able to get an FHA loan even if you’ve filed for bankruptcy in the past.

Q: Which houses/properties qualify?

A: Single family houses, duplexes, triplexes, 1-4 unit primary residences, Planned Urban Developments (PUDs), approved condominiums, double-wide manufactured homes, and modular or pre-cut housing are all eligible.

Q: Isn’t it harder for houses to qualify for an FHA mortgage than a traditional mortgage?

A: As of January of 2006, FHA has eliminated most of the barriers to a property qualifying. Generally, if a home is in good enough condition to qualify for a traditional mortgage, it will also qualify for an FHA mortgage.

Q: How much can I borrow?

A: Our affiliate FHA Mortgage Specialists will help you determine how much you can spend on your new home. FHA limits vary by county; click here to check your local FHA limits.

Q: How long does the process take?

A: During the initial phone call, our mortgage specialist will spend as long as you need to have all of your questions answered to your satisfaction. Once you’ve found a home, you can complete an application in as little as 20 minutes. It takes an average of 30 days from the day your application is submitted to close your mortgage.

Q: Where can I get the FHA mortgage?

A: We make it easy to get an FHA mortgage in your community. You won’t have to visit an office or meet with a mortgage specialist in person. Once you talk with one of our specialists by phone, you can complete the rest of the process by phone, fax, mail, and e-mail. It’s that simple!


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