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FHA Loans in Florida with a Minimum 550 Credit Score

Federal Housing Administration (FHA)

FHA mortgage loans in Florida offer a valuable pathway to homeownership for many residents. Backed by the Federal Housing Administration, these loans are particularly attractive for first-time buyers and those with limited savings for a down payment. With down payment options as low as 3.5% of the purchase price and more lenient credit score requirements compared to conventional loans, FHA loans make it easier for borrowers to qualify for financing. This accessibility extends to borrowers in diverse financial situations, including those with lower credit scores or higher debt-to-income ratios. Additionally, FHA loans typically offer competitive interest rates, further enhancing their appeal. In a state like Florida, where housing prices can vary widely, FHA loans provide a flexible and accessible means for individuals and families to achieve their homeownership goals.

FHA mortgage loans in florida with a 580 middle fico

CREDIT SCORES AS LOW AS 550

W2 & PAYSTUB ONLY ALLOWED

SELF EMPLOYED ALLOWED

FHA in Florida

PROGRAM FEATURES

  • Refer/Eligible Manual UW Allowed

  • No tradelines required with AUS Approve/Eligible

  • Primary borrowers with 1 FICO Allowed

  • Non FICO Co-Borrowers Allowed

  • Manufactured Homes Allowed

  • Spot Approvals Allowed

  • DACA / Dreamers Allowed

SECURE PRE-APPROVAL FOR A 3.5% DOWN FHA MORTGAGE IN FLORIDA

Experience swift approval! Gain pre-approval within 24 business hours and receive a pre-approval letter, backed by our 98% success rate from application to closing.

FAQs: FHA Mortgages in Florida

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