FHA Loans

Florida homebuyers who are in the market for a loan with a low down payment and excellent terms will want to consider applying for an FHA loan. With an FHA loan, your down payment minimum is 3.5% in most cases.

FREE FHA Loan Rate Quote!

What Are FHA Loans?

An FHA loan is a government-backed loan from the Federal Housing Administration. This program makes it more affordable and accessible for qualified buyers to purchase a home.

Benefits of FHA Loans

With the FHA insuring your loan, lenders know you are not as risky an investment as you might have been if you were applying for a conventional loan without such backing.

That can translate to some fantastic benefits:

The down payment on an FHA loan is 3.5%.

FHA loans feature lower interest rates.

Qualify without perfect credit.

Choose between fixed and adjustable rates.

While FHA loans are used primarily for home purchases, you can also use them to refinance. With an FHA loan, you can use the equity you’ve earned to help improve your payment/term or pay off debt.

Premier Lending Corp can assist you with any of these types of FHA loans.

To find out how we can help, call


Who Qualifies for FHA Loans?

Think you can only qualify for an FHA loan if you are a first-time homebuyer? Actually, it may surprise you to learn that FHA loans are more widely available than that. Many repeat buyers use them to finance their purchases. They are ideal for consumers buying their first homes, but they are not limited to first-time buyers.

Here are the eligibility criteria:

  • A minimum credit score of 580.
  • Proof of income dating back a minimum of two years.
  • No bankruptcies within the past two years.
  • No foreclosures within the past three years.
  • A clear credit alert interactive voice response system (CAIVRS) report.

FHA loans are only to be used on primary residences. They cannot be used for part-time vacation homes or additional homes you are purchasing as investments.

FHA loans are only to be used on primary residences. They cannot be used for part-time vacation homes or additional homes you are purchasing as investments.

Find Out Now If You Qualify for an FHA Loan

Are you ready to move into a beautiful home in Florida? We’re here to help. At Premier Lending Corp, we can assist you in determining your eligibility for an FHA loan. Please contact us at 954-840-8811 for your pre-approval. We look forward to helping you purchase the home of your dreams!

FREE FHA Loan Rate Quote!

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