BAD CREDIT FLORIDA MORTGAGE LENDERS

Many Bad Credit Florida mortgage applicants don't realize that FHA mortgage loans can help home buyers with bad credit. Even If you have a bad credit past and your looking for a low Florida mortgage interest rate we may be able to help with one of the following: 

BAD CREDIT FLORIDA MORTGAGE ADVANTAGES INCLUDE:

BAD CREDIT FLORIDA MORTGAGE

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www.Florida-Mortgage-Lenders.com

The FHA mortgage can help you purchase a new Florida home with 3.5% down payment even if you have bad credit. Even If you’ve had accounts forwarded to collections, past bankruptcies or Foreclosures, high debt to income ratio, then you still may qualify for our bad credit or no credit Florida mortgage. These government backed bad credit Florida mortgage loans can work for Florida mortgage applicants that don’t have cash for a down payment or closing costs. And they are a much better choice than a Florida hard money loan


 

 We work with all types of bad credit Florida mortgage applicants with all types of credit situations who described themselves as having “bad credit” – that are now Florida homeowners! The truth is, there are many more Bad credit mortgage applicants that will qualify for an FHA  mortgage over conventional mortgage.


FREE FLORIDA BAD CREDIT REPAIR CHECKLIST (CLICK HERE)

Credit scores indicate to Florida mortgage lenders how well you manage money. You can improve bad credit mortgage application by demonstrating that you can now handle monthly obligations more responsibly. Furthermore, since bad credit scores could translate into high interest rates on your next bad credit Florida mortgage, your improved credit score will help you get lower interest rates when you are ready to qualify.


HOW TO IMPROVE BAD CREDIT FLORIDA MORTGAGE CHANCES

Here are a few ways bad credit Florida mortgage applicants can raise their chances of qualifying for a Florida mortgage:

1. Prove 12 months timely rental history either provide cancelled checks or verification of rent from a management company. In the hierarchy of credit if you can prove to the Florida bad credit mortgage lender timely rent then you have proven the ability to pay the mortgage.

2. Show the lender last 12 months timely payment history with 0 x 30 days late in the last 12 months on any credit reported obligations.

3. Keep open account balances as low as possible less than 20% of the limit is best.

4. Negotiate all past collections on your credit report other than medical bills to show a zero balance.

 

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CREDIT REQUIREMENTS

FHA MORTGAGE

FHA Minimum 550 credit score.

550 MIN FICO

PORTFOLIO MORTGAGE

No Minimum credit score requirments.

500 MIN FICO

VA MORTGAGE

VA Minimum 560 credit score.

560 MIN FICO SCORE 

USDA LOANS

USDA Minimum 580 credit score.

580 MIN FICO SCORE 

FANNIE MAE

Fannie Mae  Minimum 620 credit score.

620 MIN FICO SCORE 

FREDDIE MAC

Freddie Mac Minimum 620 credit score.

620 MIN FICO SCORE 

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ALL FLORIDA MORTGAGE PROGRAMS AND INFO. SUBJECT TO CHANGE WITHOUT NOTICE.

FLORIDA MORTGAGE COMPANY SERVING EVERY CITY AND COUNTY IN FLORIDA!