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Kamz Group Of Companies covers all of your needs in Real Estate Mortgages and Credit and financial solutions. We are working with A law firm to guide you legally an each step. |
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It's become the Magic 3 Letter Word - and why wouldn't it? Here are a few Florida FHA mortgage loan benefits
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Use your Florida FHA mortgage loan to purchase your Primary Home with a 3.50% Down Payment |
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example - Sale Price $100,000 - your Down Payment: $3,500.00 |
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Cash Out Refinance on your Primary Home Residence - up to 85% of the Value of your Home |
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On Qualified Properties, use an FHA loan to buy your Florida Home with $100.00 Down Payment total |
FHA $100 down payment mortgage loan highlights.
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Seller will pay all closing cots |
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Seller will allow special funds for repairs |
No Minimum Credit Score Required - No Credit ok
FHA Allows Qualified Gift Funds - a boon for Florida first time homebuyers.
1st Time Home Buyer Mortgages
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Most people have no idea of the number of grants and down payment assistance programs for . |
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Florida first time home buyers. These programs are offered by counties, cities, and other |
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municipalities |
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REVERSE MORTGAGE |
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VA LOANS |
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Gifts as down payment |
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Fixed rate Mortgages |
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Adjustable Rate Mortgages |
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HUD announced this morning allowing the tax credit once again, but pay attention to the details. The tax credit can be used as ADDITIONAL downpayment, closing costs, and prepaids. In other word, you still must have 3.5% in the deal from acceptable sources, not from the Tax Credit.
Also, note the tax credit can only be monetized by HUD approved non-profits and state housing agencies. This is another example of when the government comes out with “good news” for everyone, but the devil is in the details. Below is the link to the re-released mortgagee letter
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