Illinois FHA Loans – Easiest Mortgage Loan With Low Down Payments

Florida FHA Loans are one of the easiest mortgage loans to qualify for. The FHA program now allows credit scores at 580. FHA requires a low down payment at 3.5% down. If you’re in the market for a home, you owe it to yourself to research Florida FHA loan options!

We're here to answer all of your questions about FHA loans!

Frequently Asked Questions

I can come up with the 3.5% down payment but I don't have the funds for the closing cost?

That is ok! Many times the sellers can pay all of your closing costs. This way you will only be responsible for the 3.5% down payment.

Don’t forget you can receive the 3.5% as a gift from a family member or you can receive the 3.5% down payment from your 401k.

I know I have a 550 fico and I feel discouraged. What do I do?

Please move forward with the application and let our team give you guidance on what needs to be done to improve your scores. In some cases you could possibly be pre-qualified with scores below 580 if you put more than 3.5% down. Our team will take the time with every single applicant to make sure a long term plan is put in place so you can own a home.

I filed for bankruptcy 2 years ago so I probably can't get pre approved?

That isn’t true. You may be approved 2 years after the discharge date of a Chapter 7 or Chapter 11 bankruptcy. For a Chapter 13 bankruptcy, you may still be approved while you are in repayment.

I had a foreclosure 2 years ago as well?

You will need to wait 3 years from the foreclosure date before you can qualify for a FHA mortgage.

Where is this program available?

This program is available in every area of Florida! And the good news is we have a team of people available to help, no matter the area!

CORP NMLS# 237341. American Financial Network, Inc. is licensed by the California Department of Business Oversight under the California Financing Law License (6038771) and holds a CA Bureau of Real Estate, Real Estate Broker’s License (01317581) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 237341. Broker is performing acts for which a license is required. Loans made or arranged pursuant to California Financing Law. Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where American Financial Network, Inc. is a licensed lender. In all states, the principal licensed office of American Financial Network, Inc. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID#237341). This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. Products not available in all areas. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. American Financial Network, Inc. is an Equal Housing Lender.

Eric Zeitlin | Senior Loan Officer | NMLS# 1066063

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