Broward Mortgage, Broward Home Loans, FL

1st Continental Mortgage., a mortgage company in Florida, is currently working with all the major FHA banks to get ready for the new FHA mortgage products including FHA Secure Program. Providing Ft Laudale homebuyers with 97% financing.The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Some highlights of the FHA loan program are: • Minimal Down Payment and Closing Costs. • Down payment less than 3% of Sales Price • 100% Financing options available• Gift for down payment and closing costs allowed. • No reserves or required. • FHA regulated closing costs. • Seller can credit up to 6% of sales price towards buyers costs. • Easier Credit Qualifying Guidelines such as: • No minimum FICO score or credit score requirements. • FHA will allow a home purchase 2 years after Bankruptcy. • FHA will allow a home purchase 3 years after Foreclosure. • Easier Debt Ratio & Job Requirement Guidelines such as: • Higher Debt Ratio's than other home loan programs. • Less than two years on the job is allowed. • Self-Employed individuals o.k. These advantages of the FHA loan program has made it one of the best options for most first time home buyers as well as move-up home buyers. Margate,Cooper City, Coral Springs, Dania Beach, Davie, Fort Lauderdale,