Conventional Home Loans

FHA Loans

FHA stands for Federal Housing Administration. This loan is backed by the federal government which provides mortgage insurance on all loans made by any FHA approved lender. FHA loans are generally easier to qualify for than conventional loans. This program was put in place to help first-time homebuyers have a safe and secure loan that they could qualify for.

FHA loan requirements:

  • Two Years of steady employment, preferably with same employer
  • Last two years Income should be the same or increasing
  • Credit report should typically have less than two thirty day lates in last two years with a minimum credit score of 620 or higher or in some cases no credit score at all
  • Bankruptcy's must be at least two years old, with perfect credit since discharge
  • Foreclosure's must be at least three years old, with perfect credit since
  • Your new mortgage payment should be approximately 30% of your gross (before taxes)  income

 For more information on FHA Loans, click here to contact us or call 813-655-HOME

Serving Tampa, St. Petersberg, Clearwater, Brandon, Bloomingdale, Lake Magdalene, Lutz, New Port Richey, Oldsmar, Palm Harbor, Riverview, Temple Terrace, Town 'n' Country, Valrico, Wesley Chapel, Westchase and the entire Tampa Bay area and state of Florida. 

Copyright 2015
Policies and Terms

American Dream Home Mortgage Inc. | 1219 Millennium Parkway, Suite 132 | Brandon, FL 33511-8178 | (813) 655-4663