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I am your source for FHA loans in Miami and Florida. As the Miami FHA loan expert I can assist you take advantage of the current market conditions to help you purchase a home with a minimal down payment, great interest rate, and the lowest cost – GUARANTEED! I give every client my undivided attention and I make sure that we make it through the financing process in the easiest and most beneficial way possible. While I can handle most transactions from reverse mortgages, VA loans, debt consolidation, equity management, and investment properties I take most pride and excel in working with First Time Home Buyers accomplish the American dream. My knowledge of Miami FHA guidelines and all programs that can accomplish their goal is unparalleled.

FHA Loans
FHA home loans are one of the most useful programs available today. Many consumers think of FHA loans as the financing used for a first time home buyer, although that is true FHA loans can be used for many reasons and can help many consumers accomplish their financial goals. Below is a list of some of the type of financing that the FHA insures.

FHA Standard- This loan is your typical FHA loan. The standard FHA loan can be used for many reasons, such as the purchasing of a property with only 3.5% down, refinancing a home up to 97% of the property value without cash out, or refinancing a home to consolidate debt or receive cash out up to 95% of the property’s value. FHA standard loans have great interest rates and offer a lower monthly mortgage insurance then a Conventional loan over 80% of the property’s value. Miami FHA loans are limited to a maximum of $423,750 for 1 unit properties.

FHA Secure- The FHA secure loan is also known as the short refinance loan. This loan is used to refinance a home that is “upside down” or owes more than the property is worth, home owners struggling to meet their mortgage payment since there mortgage adjusted, and homeowners who have damaged there credit due to an adjustment in payment. With the housing crisis across the country and large decline in home values in Miami this loan has helped many borrowers refinance their home from an adjustable rate mortgage to a low fixed rate.

FHA 203k- This is known as the FHA Rehab loan. This loan has been very popular in Miami because it allows a first time home buyer to obtain financing on short sales, Foreclosures, and REO properties with renovations needed. With the FHA 203k you can purchase or refinance a property and include up to $35,000 in the mortgage for renovations of the property. This loan is not like a construction loan which has to be paid back after the property has been renovated. With the FHA secure you get one loan at a great interest rate which can remain on the property for as long as you like.

The new housing bill has proposed many changes to FHA financing that will affect Miami Home Buyers. With Seller funded down payment assistance being banned, it will become more difficult to purchase a home without a large amount of capital.

Call me today to find what forms of down payment assistance are available to you and how Miami’s FHA loan expert can help you accomplish the American Dream.