Winter Haven, FL: Your Chances for 2 Florida FHA Home Loans at Once Look Sweet!
By Kevin Sandridge, Winter Haven Mortgage Broker
(Signature Home Funding)
One common misconception out there about FHA loans is that you can only have one at a time. Although it is most common for folks to have only one FHA loan, there are cases where Winter Haven, Florida home buyers might in fact qualify to purchase two homes using FHA financing. If you live here in the Winter Haven area and are considering a second home purchase, contact me so we can determine whether you might qualify for a second FHA loan. In the meantime, if you're in the market for a second FHA home loan, here are some basic parameters to follow: Do you have limited down payment funds? Do the funds you have available for your FHA down payment qualify solely as family gift funds? Do you have a lower credit score than is typically allowed for a conventional loan? (Lower than 650) If you...
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