FHA Loan Lakeland Florida

FHA Loan Lakeland Florida To Help Make Home Buying Possible and Affordable

At Mortgage Banking Associates we are passionate about making your home-buying dreams come true by helping you get approved for an FHA loan. With the help of the FHA (Federal Housing Administration) and the FHA approved lenders here at Mortgage Banking Associates, you can affordably live the American dream and buy that beautiful home you’ve always wanted. With an FHA mortgage, you can buy your home with a down payment of as little as 3.5% of the home value. FHA loan approval is much easier than conventional loan approval for people with lower income and lower credit scores.

Whether you have found a home, want to refinance your current home, want to invest in a second home, or have an interest in rental properties our FHA lenders are ready to talk with you and help you get approved for an FHA loan or FHA mortgage. Mortgage Banking Associates is here to help you take control of your life, whether you need the money for cash flow, pay for college or consolidate debt. We are always happy to give you free advice over the phone, or meet you for a free consultation. Give us a call today at (863) 485-8225…our FHA approved lenders are ready to help!

Our approved FHA mortgage lenders use Smart Mortgage Rate Finder to get your FHA loan at the lowest interest rate possible. You could be approved today. Click the button below to apply now!

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What is an FHA loan?

An FHA loan is a mortgage loan that is issued by the Federal Housing Administration (FHA) and is insured by the FHA. FHA loans are meant to encourage home ownership among consumers who wouldn’t usually be approved for a mortgage without the government’s backing, such as first time home buyers and home buyers who aren’t able to afford making a large down payment. The FHA sets the qualifying standards, dictates the terms of the mortgages offered and guarantees the loan. FHA home loans are provided by private lenders such as banks and mortgage companies.

Lock in the lowest interest rate for your FHA loan today!

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FHA Loan Benefits

In an effort to make home buying possible for first time home buyers, people with lower income and lower credit scores, the Federal Housing Administration has established FHA loan programs.

These FHA loan programs make it easier and more affordable for people to make their dreams of owning a home come true. There are several reasons why it is beneficial to take advantage of the FHA loan programs.

The FHA also makes it easier to refinance your current mortgage to help you lower your monthly payments and take advantage of today’s low, fixed interest rates.

FHA loans offer the following benefits:

Lower Credit & Income Requirements

The biggest benefit of an FHA mortgage loan is that you can still be approved even if your credit is less than perfect and your income level is low, making it easy to qualify for an FHA loan. This is also why FHA loans are a great option for first-time home buyers. As long as your credit score is 500 or higher, you can be approved for an FHA loan.

Low Down Payments

FHA mortgage loans allow you to purchase your home with a minimum down payment of as low as 3.5%. With an FHA mortgage loan, your minimum down payment amount depends on your credit score. For credit scores higher than 580, the minimum down payment is 3.5%. For credit scores between 500 and 579, the minimum down payment is 10%.

Low, Fixed Interest Rates

With FHA loans, interest rates are generally lower than conventional loan interest rates and are not tied to your credit score like conventional mortgage interest rates are. At Mortgage Banking Associates we may be able to get you an interest rate as low as 4.5%. In addition, with an FHA loan your interest rate can be fixed rather than adjustable so you don’t have to worry about rates suddenly jumping and having a sudden increase in your monthly payments.

Lower Mortgage Insurance Payments

With an FHA loan, mortgage insurance is required.  The mortgage insurance is provided by the Federal Housing Administration to guarantee the loan amount.  Although mortgage insurance is required with an FHA loan, you may be able to keep your mortgage insurance as low as 0.5%.  This is much lower than conventional loan mortgage insurance, which is provided by private mortgage insurance companies.

FHA Loan Requirements

The Federal Housing Administration sets the rules for who may qualify for an FHA home loan, and issues minimum guidelines and requirements under which mortgages may be offered. FHA mortgage loans are one of the easiest types of loans to qualify for as their requirements are minimal.

You may qualify for an FHA loan in Florida if you meet the following requirements:

  • You have a credit score of 500 or higher.
  • If you have at least 2 established lines of credit such as a credit card or a car loan.
  • You may still qualify even if you have filed bankruptcy or suffered a foreclosure in the past.

Here at Mortgage Banking Associates we are passionate about helping people make their dreams of owning a home come true. With an FHA loan we can make your dream of owning a home come true even if your credit is less than perfect and your income is low.

Now you can lower your monthly payments and get out of your adjustable, high interest mortgage by allowing us to help you refinance your home with an FHA loan.

The FHA approved lenders here at Mortgage Banking Associates are FHA loan experts and have extensive experience at helping people just like you. We are happy to take the time to sit with you and determine your eligibility for an FHA loan.

As a first step in determining your eligibility, we are happy to offer you a free FHA mortgage consultation where you will sit one-on-one with an FHA loan expert to discuss the details of your eligibility. Give us a call now at (863) 485-8225 to schedule your free consultation with one of our FHA mortgage lenders. Remember, we never charge you for consultations and we never charge you an application fee!

FHA Loan Rates

Our FHA loan lenders can get you the best FHA loan rates guaranteed, with no hidden fees. The FHA lenders at Mortgage Banking Associates can get you FHA mortgage rates as low as 4.5%.

Our Smart Mortgage Rate Finder allows us to offer some of the lowest current mortgage rates in the United States. Smart Rate can save you hundreds of dollars a month. Get one of the best deals guaranteed with cash back if your application is received within 30 days! Speak directly with our FHA home loan lender right now by calling (863) 485-8225.

FHA Mortgage Calculator

For your convenience, you can calculate your estimated monthly mortgage payments using the FHA home loan calculator below. You have the option of having the PDF of the estimated monthly principal and interest payment schedule emailed directly to you as well.

Simply fill out the form below by editing the numbers according to your mortgage amount, estimated interest rate, down payment and terms and click “Calculate” and an amortization schedule will be generated.

FHA Mortgage Calculator
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How To Apply For Your FHA Loan

Our FHA loan specialists here at Mortgage Banking Associates will make your FHA loan application process as quick and easy as possible. With our vast experience, expertise and resources we are able to streamline the whole loan application and approval process for our home buyers to make it faster, easier, and hassle-free. You can start your FHA loan application process right now by simply filling out the form below:

Apply For Your FHA Loan Now

At Mortgage Banking Associates, our FHA mortgage lenders are passionate about helping first time home buyers, home buyers with less than perfect credit and lower income home buyers purchase a new home affordably and easily! To get started with your FHA mortgage loan application, simply fill out the form below and the FHA mortgage specialists at Mortgage Banking Associates will contact you shortly:


Mortgage Banking Associates Reviews

We thank you for everything you’ve done to make a dream come true and you are a Godsend to us!

Richard & Darleen King

You said you would do it and you did!  It was an easy refinance.  It was an eye-opening experience after all the others we went through.  All of you were so helpful.  Thank you!

Dan & Peggy Cowen

Thank you for making our first home ownership a breeze.  Please congratulate yourself and your staff on our complete customer satisfaction.  Thank you!

Lee Roberts & Patricia Tindle

Thank you all for making our dream come true. We have our house! If it weren’t for all of you things would not have gone so smoothly. Thank you!

Doug & Donna Westing

Thank you for everything you and your office did to make our refinance go smoothly. We are very happy we have paid two more bills off and are closing more.

Walter & Jo-Ann Holder

Thank you so much for making things happen. I have to confess I never thought it was possible, but your hard work, persistence and patience with us made it possible for us to be home owners. I appreciate your honesty and nice way of communicating things.

Febe & Dimas

We would like to express our deepest gratitude for all you’ve done for us to secure our home.  You helped us realize a dream we thought was beyond us.  Thank you!

Mike & Marie Lague

I have “rented” in so many different cities but now I own my first home in Lakeland.  I could not have done this without you.  Thanks a million!

Rose Swidler

Thank you all for making our dream come true! If it weren’t for all of you, things would not have gone so smoothly.

Doug & Donna Westing