Regardless of whether you intend to build a modest home for four or a block-sized commercial establishment, you will definitely need a contractor to ease the building burden. Someone who knows the ins and outs of a construction project will definitely be worth your time and money. For professionalism, competence, and career-long excellence, bring your contracting needs to Multi Kote of Florida. You will certainly be glad you did.

A contractor’s responsibilities

General commercial contractors usually handle the nitty-gritty details of a construction project, serving as the overall leader of the team of designers, architects and professional personnel who will, together, make the project come to life. Most clients looking to build something usually hire a contractor first, and pass on the responsibility of hiring the ancillary staff to the contractor. In some instances, contractors are private individuals, but in the case of a firm like Multi Kote of Florida, the contractor is a group of partners who work together to complete a build.
Once the build team is put together, the contractor usually takes on the managerial burden of managing budgets, meeting deadlines, and reporting to clients on the progress of the project. On this end, clients will expect transparency and openness from their contractor, and these are qualities that require not just competence, but a sense of ethical responsibility as well.

Finally, to ensure Florida’s public of the quality, safety, and longevity of their work, all contractors should apply for licenses and registration in their county of choice. Government standards on builds should be followed to the letter by your selected contractor, and to make sure contractors represent themselves accurately, clients are encouraged to visit the Department of Business and Professional Regulation before selecting a contractor.

Multi Kote of Florida’s advantage

First of all, Multi Kote is backed by a pool of architects and builders with years of experience under their collective belts. They have access to the most competitive and competent suppliers of building materials, labor, and equipment, all of which will help bring down the cost of a build dramatically. But what makes Multi Kote special is its commitment to the highest standards of business ethics, accountability, and transparency. Whenever you go to visit your construction site, you can be sure to find one of Multi Kote’s staff onsite as well, overseeing the plans, taking note of details, processing permits and licenses, or just making sure things are moving as planned. What is even more appealing about Multi Kote’s staff is, even if you do not feel like looking over their shoulders while the work is being done, the project will be completed anyway. This is what Multi Kote offers, most of all: the security and certainty to do other things while easing the building burden.

Multi Kote’s services

Multi Kote provides a wide range of building and maintenance services. These include building structures as small as houses to as
large as shopping complexes, and everything in between. Multi Kote can provide management and overseer services to complete builds, from initial conceptualization to final occupation, or it can reconfigure its services to maintain and refurbish existing structures. Site inspection and permit processing are some of Multi Kote’s additional services.

Where to find them

Multi Kote of Florida maintains its head office on Jefferson Street in Hollywood. Prospective clients are more than welcome to come by and ask for a quotation or consultation on a planned build. Inquiries can also be made over the phone by calling (954) 600-4066. Clients with preexisting plans may want to fax over the plans to ask for a quotation, by faxing them to (954) 343-8345. The head office of Multi Kote is open from Monday through Friday, from eight in the morning to five in the afternoon.

In Florida, you can get a general contractor who can either be a registered or certified contractor who has passed the state board examination. Only the Department of Business and Professional Regulation can issue these licenses in Florida. You can always check whether the contractor is certified through the https://www.myfloridalicense.com/wl11.asp site. A registered contractor is someone who can work within a specific county or city. On the other hand, a certified contractor is someone who can work absolutely anywhere in Florida.

The Role of a General Contractor

A general contractor is in charge of the entire project and works in a team composed of engineers, designers, and architects who answer to the client. The general contractor takes on an administrative and managerial role in order to make the project a reality. The general contractor is in charge of the finances and makes sure that the project passes the standards and is built according to code. The general contractor will discuss the details of the project with the team members. From there, the general contractor will develop the project until it is finished.

Hiring a Contractor in Florida

Hiring a contractor is a major decision since it spells the difference between competence and ineptitude. A general contractor is the person in charge of everything related to home or office improvement. A general contractor will be in charge of hiring the crew, facilitating the project and any inspections, as well as talking to the designers. Consider hiring a good contractor and crew as an investment in your future. If you need a builder or a commercial contractor for improvements on your home or office, you can always count on Multi Kote of Florida.

What Makes Multi Kote of Florida Different from the Rest?

The registered contractor you’ll find in Multi Kote of Florida is driven and aimed at providing successful results. Multi Kote of Florida distinguishes itself as a cut above the rest because it is founded on the values of integrity and professionalism. Multi Kote of Florida aims to provide the results that clients want and aims to develop professional relationships that endure over the years. Clients can trust Multi Kote of Florida with their home and office improvement since they’re always assured of getting quality work.

Services in Multi Kote of Florida

If you need any inspection, construction or maintenance services, then just drop by Multi Kote of Florida. Multi Kote of Florida can handle everything involved in the project, including the material, equipment, and manpower needed. Multi Kote of Florida is definitely your one-stop construction shop. Clients of Multi Kote of Florida can hand over the whole project to their contractors and just wait for the end results. Inspections will be made by the contractor of Multi Kote of Florida. The contractor of Multi Kote of Florida will also be in-charge of making sure that the crew finishes on time and within the designated budget. The contractor of Multi Kote of Florida will also take care of all the necessary documents and permits needed for project.

Where to Find Multi Kote of Florida

The office of Multi Kote of Florida can be found on Jefferson Street in Hollywood. You can ask for a quotation or learn more about the services provided by Multi Kote of Florida by calling their numbers. Their telephone number is 954-600-4066 and their fax number is 954-343-8345. Multi Kote of Florida is open from Monday until Friday from eight in the morning until five in the evening. At Multi Kote of Florida, you can find the right contractor who can complete your home or office improvement project.

10 benefits for Florida FHA Mortgage Applicants

There are several major benefits for Florida home buyers choosing an FHA Mortgage Loan if you’re a Florida First-Time Home Buyer..

There have been several changes by HUD to the FHA Mortgage approval process over the years.

However, the main benefits that FHA provides Florida FHA mortgage applicants have remained consistent:

Max LTV 96.50% based on purchase price – not including financed MIP (Mortgage Insurance Premium) Low monthly FHA mortgage insurance, with no adjustments due to low credit scores Less conservative credit requirements/scores, with no adjustments to interest rate Gift funds of 100% Flexible Asset Sources 6% seller contribution Non occupying co-borrowers allowed Most investors do not have declining market policy for purchase and rate/term refinance Manual underwrite allowed

Florida home buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

To take advantage of the FHA program in Florida, give us a call 1-800-570-0448 or use our quick application to find out more about the many FL mortgage programs we can make available. Or Apply now for a FL FHA home loan.

APPLY NOW AT   http://www.fhamortgagefhaloan.com/   Florida FHA Loan Programs

At one point and time many years ago, the FHA loan was the only alternative to local bank financing for home buyers. In the fashion world, there is a saying: Wait long enough, and everything comes back into style. That rule applies just as well to Florida FHA mortgage program. Long-overlooked, the FHA mortgage is becoming popular again with Florida Home Buyers for its low rates and the real security it provides borrowers.

For Florida banks and other mortgage lenders, FHA mortgage loan financing offers the security of a government insured Mortgage. Win/Win! To learn more, call today at 1-800-570-0448 or just use our fast and easy quick application!

For first time home buyers and other borrowers, the FHA home loans can have key advantages:

Easy Qualification – The FHA loan insures lenders against loss for loans made to properly qualified FHA home loan borrowers. So you’re likely to find FHA mortgage loans with terms that make it easier for you to qualify.

Minimal Downpayment Requirements – FHA mortgages can work with as little as 3% down and those funds can come from a family member, charity, or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that your 1st Continental Mortgage loan officer can point you to many Downpayment assistance programs that work well with Florida FHA home loans.

Less than A-1 Credit is Okay – The Florida FHA home loan program exists to expand the pool of home buyers. Even borrowers with prior bankruptcies or mortgage lates get approved every day for FHA mortgages to buy or Refinance homes in Hillsborough County or any of the other Florida counties we serve. The FHA loan program uses credit quality, not credit score!

Lower Cost Over the Life of the Loan – The Florida FHA home loan rates are extraordinarily competitive. FHA’s lower risk to the lender means a better rate for the borrower.

Safeguards for Borrowers Who Get Behind – The Florida FHA loan mortgages also allow the lender more options in helping borrowers who fall behind keep their homes are get current again: special forbearance, workouts, even free mortgage counseling. Further, HUD can allow the lender to take past due payments and move them to the end of the loan and in some instance will actually pay your past due payments for you. Options to save your home you’ll never get from a conventional loan! In an uncertain world, this is another excellent reason for you to get an FHA mortgage.

Options for Manufactured Housing – Under certain conditions, you can even finance a Mobile Home or manufactured home using a Florida FHA mortgage loan. Call 1-800-570-0448 to get pre-approved for a Florida FHA loan for manufactured housing or just use our quick application to learn more!

FHA Loans Are Fully Assumable – When you are ready to sell your home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified buyers.

These are just seven of the many good reasons to apply for an FHA mortgage. Call 1-800-570-0448 to speak with a friendly Florida FHA loan specialist now!

The FHA program has evolved since it started in 1934 and now has options for HUD insured loans that fit a variety of different borrowers and situations.

FHA Home Loans for Purchasing a Florida Home

Although Florida FHA home loans require additional paperwork, the reality is that applying for an FHA mortgage loan in Florida is not much different from applying for conventional financing. In fact, for many borrowers the small amount of extra time turns out to be an exceptional mortgage bargain because they save thousands of dollars over the life of their Florida Mortgage.

At 1st Continental Mortgage, we have been working with the FHA program for many years. We’re experts at assembling the proper paperwork and presenting your loan application to FHA approved lenders diligently and professionally. It’s one of the ways that we have earned our reputation for closing FHA home loans in Florida on-time.

You may be surprised at how flexible sellers are in the current market and how many programs there are that provide Downpayment assistance to applicants for FHA financing to purchase Florida homes, condos, and townhouses. The fact is, seller can pay up to 6% towards your closing costs. This means, no closing costs for you when negotiated during the purchase contract!

The FHA program offers excellent fixed rate options and never a prepayment penalty. If other mortgage lenders are quoting you subprime rates, you owe it to yourself to make the call to 1st Continental Mortgage to compare the costs of getting an FHA home loan for your home purchase. Call 1-800-570-0448 to speak with an FHA mortgage expert before accepting any conventional mortgage quote as the best you can do!

FHA Home Loans Offer the Convenience of Streamlined Refinance

An FHA streamline refinance is one of the easiest home loans for Mortgage Lenders and borrowers. Since HUD approved you for the original FHA loan, the paperwork to refinance is minimal and the process is simple.

So long as you have made your FL FHA loan mortgage payments on time for the previous 12 months, you can lower your monthly payment if interest rates go down with minimal out of pocket expense. Even if you have been late on your FHA mortgage, you might still qualify for an FHA streamline refinance in Florida under very specific conditions.

Less documentation and no appraisal are just two of the reasons a FHA streamline refinance is cheaper and faster for the borrowers who qualify.

FHA Mortgage Loan Streamline Refinance Requirements

When your 1st Continental Mortgage lender helps you get a streamlined FHA refinance on your existing mortgage loan, he or she will make certain that you meet these conditions:

Your current mortgage must be an FHA mortgage. You must have had your FHA Mortgage for at least 6 months. You must have paid your mortgage on time for the most current 12 months. Your FHA Streamline Refinance must lower the principal and interest portion of your mortgage payment by at least $50 or convert the mortgage from an ARM to a fixed rate FHA home loan. You can’t get cash out on the FHA streamline refi. You must have an FHA appraisal if you are rolling the closing costs into the FHA streamline refinance. Any existing liens on your Florida home must be subordinate to the new FHA mortgage. FHA Mortgage Loan Refinance Programs for Cashing Out Equity

Although a streamline refinance does not allow you to cash out equity, we have a FHA loan refinance program that is specifically designed for borrowers who want to cash out equity to consolidate debts, make home improvements or to access funds for other purposes.

Unlike many conventional loan programs, the FHA mortgage does not adjust the rate based upon loan to value or credit score. You will find the FHA has very reasonable underwriting guidelines for cash out refinancing.

We have helped many clients borrow up to 85% of the appraised value of their homes and use the funds to consolidate debts or to make home improvements and other purposes. Qualified borrowers will have to look hard to find lower rates and better terms than they can get on Florida FHA cash out refinance right now!

Call 1st Continental Mortgage today at 1-800-570-0448 or use our quick application to apply for an FHA refinance on your home in Sumter County or any of the other Florida counties we offer FHA mortgages in.

FHA Home Loans For Mobile Homes with Land

Although some conventional lenders in Florida shy away from making a loan on Mobile Homes or manufactured homes, many FHA mortgage loan lenders do not.

In fact, mobile homeowners fortunate enough to connect with a Florida mortgage lender, who is well schooled in how FHA loans work for mobiles and manufactured homes, can get a better interest rate, better terms, and a lower monthly payment by going FHA in nearly every case.

If you’re shopping for financing to buy a mobile or manufactured home on land in Sumter County or any of the other 66 counties in Florida that we serve, call 1-800-570-0448 and let us give you a quote for an FHA mortgage loan to purchase your mobile or manufactured home.

It only takes a few minutes to get an FHA loan mortgage quote on your Florida mobile home. We’ll wager that the savings on your monthly mortgage payments will make it some of the highest paid work you’ve ever done.

Few people realize that the FHA loan uses the same underwriting criteria for single and double wide mobile homes and manufactured housing as it does for traditional site built block or stick homes. In addition, FHA is one of the very few programs that can offer up to 97% financing on mobile homes on land. In addition, did you know that the seller can contribute up 6% toward your closing costs on an FHA mobile home loan and that down payment assistance can be used in Florida? It’s true! You could package your mobile home financing to create a real no money down loan with unbelievably low rates.

Call 1-800-570-0448 or use our secure online quick application for a free no obligation quote on financing your manufactured or mobile home using an FHA mortgage loan.

FHA Mobile Home Lending Guidelines

The Department of Housing and Urban Development (HUD) sets forth these guidelines for determining if a mobile or manufactured home qualifies for an FHA mortgage loan in Florida:

The mobile or manufactured home must be constructed in accordance with the Federal Manufactured Home Construction and Safety Standards. A red tag is attached to the rear of each section of homes that comply with the standards. The home must be taxed as real estate by the local tax assessor’s office. The mobile or manufactured home must have been built after June 15, 1976. The mortgage must have a term of at least 30 years from when amortization begins. The mobile home or manufactured home must be on a permanent foundation. The axles and tongue must be removed from the mobile or manufactured home. The mobile home or manufactured home must have adequate skirting and insulation, and the crawl space must have adequate ventilation.

If you would like to determine if your mobile or manufactured home meets the guidelines for section 184 financing from FHA, call one of our Florida mortgage pros at 1-800-570-0448. We’ll be glad to help you determine if the property that you are interested in can be used as collateral for an FHA mobile home mortgage.

FHA 203k Mortgages For Florida Homeowners Making Home Improvements

The FHA 203k loan program is nothing more than a specialized FHA home loan designed to help homeowners make home improvements. It is especially popular in neighborhoods with properties in need of rehabilitation.

The FHA 203k loans work in Florida communities in much the same way as Construction loans for home improvement. Eligible borrowers can use the proceeds from these mortgage to renovate and improve their primary residences.

Qualifying for a 203k FHA mortgage uses the same guidelines as a standard FHA mortgage for the purchase of a Florida home.

Target Borrowers for FHA 203K Mortgages

This specialized FHA mortgage is for Floridians who wish to buy a home that needs repairs or renovations. Just as is the case with a conventional construction loan, a single FHA 203k loan covers both purchase of the Florida real estate and renovation. FHA 203K financing can be used to purchase a property on a site and move it to a new foundation on the mortgaged property and rehabilitate it.

In addition, Florida homeowners can also use a 203k FHA mortgage to refinance existing debt when they finance one or more home improvements using the FHA 203k mortgage program.

Many borrowers are finding out what a good deal a Florida FHA home loan really is. Call 1-800-570-0448 today or simply use our quick application to find out more!

. Secondly, the lender may allow you to deduct the interest because the debt is secured by your home. However, securing a home equity loan, you should compare the costs of the equity from your home against the benefits. Ideally, you should opt for such credit terms that meet your requirements without inviting financial risk.

Types of Home Equity Loans

Second mortgage- In a second mortgage, you get a fixed amount of money that you can repay in equal monthly installments over an extended period of time. You can consider a second mortgage if you have a definite needs for a specific purpose, usually renovations, making additions, etc.

Reverse mortgage – By applying for a reverse mortgage, you can convert a part of the equity in your property into cash, and most importantly, you do not have to sell your home or incur additional charges.

The three basic types of reverse mortgage:

Single-purpose reverse mortgages: Generally have very low costs and can be used for one purpose specified by the government or nonprofit lender.

Home Equity Conversion Mortgages (HECMs): These are usually costlier and up-fronts are generally higher when compared to other types of mortgages. The advantage of home equity conversion mortgages is that these are widely available, have no income or medical requirements, and can be used for any purpose.

Proprietary reverse mortgages: These typically private loans are usually backed by the housing development companies.

Myself webmaster of www.castlemortgagegroup.com dealing in all type of mortgage loans in Florida, Georgia & Alabama with home equity loans, Florida Home Equity Loans, refinance loans, constructions loans

Some new options are surfacing gradually, but you should be prepared to pay the down payment if you wish to get an easy mortgage loan in Alabama, Florida, or Georgia.

2. A suitable combination of the type of mortgage loan, term of the mortgage loan and the amount of down payment you pay can significantly lower your interest rates. For longer term mortgage loans you can also choose for fixed rates and save considerably on the interests.

3. Interest rates for Florida Mortgage loans, Georgia Mortgage loans, and Alabama mortgage loans can be significantly lower if your credit score is high. Interestingly, people with high credit scores are also offered mortgage loans with no down payment.

There are a large number of mortgage loans available in Florida, Georgia and Alabama and hence getting an affordable and easy mortgage loan should not be a problem. Even if you have a bad credit history, you should shop around a bit and surely will come across a suitable mortgage loan.

Myself webmaster of www.castlemortgagegroup.com dealing in all type of mortgage loans in Florida, Georgia & Alabama with home equity loans, Florida mortgage loans, refinance loans, constructions loans.

Commercial and residential mortgage plans in Florida are grouped in a particular form of finance policies and options, normally called Florida mortgage loan. These apply everywhere in the State of Florida. A effective number of mortgage lenders operating in Florida offer up mortgage loan calculators, frequently observed on their company internet sites. A lot of numeric and data-related information is easily handy and should help you better understand a Florida mortgage loan.

Virtually all mortgage lenders in Florida operate through brokers to assure quality and good services to their clients. The mortgage companies have respective services specifically costumed for each specific customer. For instance, customers who desire to get their loan reduced are proposed refinance loans. The mortgage companies in addition offer a variety of loans which take on commercial mortgage loan for business people, construction loans, and loans for farmers, special loans, and consolidation loans among numerous different loans.

Mortgage loans are available in different places in the State of Florida, and there are equally several companies that offer these services. The only prerequisite a possible client or customer needs really is to make a sound decision on the type of mortgage that best accommodates their needs. As brought up earlier in this article, a refinance mortgage is readily obtainable because these mortgage loans that are offered by various companies.

Such a loan becomes required when a client, having borrowed money from a financial institution, encounters difficulties in the repayment of the same type of loan. In addition, a customer who notices the mortgage rates that are oftentimes adjusted and difficult to handle can easily have such a loan converted to a fixed rate mortgage. The conversion is concluded as the period of the mortgage continues to extend.

It is of paramount importance that a client is mindful of all the types of mortgages that a company has to offer, in order to attain a wise option. For Example, mortgage loans whose rates are adjustable ordinarily extend with them the concept of shared risk between the lender and the borrower. The risk associated with adjustable mortgage loans therefore is a high possibleness of the interest increasing with time. In the mortgage business, your debts are unquestionably considered which include credit cards, home equity and auto mobile loans when applying for these individual loans. In Florida, there are companies that help clients in the clearance of some debts.

In mortgage business, interest rates are categorized into two categories. All The Same, the fixed rate is the most commonly used, with the interest remaining constant throughout the repayment period. Just In Case you are interested in receiving a mortgage loan, it is constantly advisable to consult a mortgage loan processor. In the past, it was quite difficult for a foreign citizen to obtain a loan from a financial institution in another country. This was due to the high value assets that the bank would call for before approval. This has however changed, and it is now easy to obtain a mortgage loan regardless of your nationality.

You are given notice to refer to a real estate agent, as they would possess the correct information needed before applying for a mortgage loan. When in doubt a real estate agent of financial advisor that deals with Florida mortgage loans will be able to provide the needed information that will allow you to make an informed decision and potentially place you into a mortgage that best suites your requirements.

If you would like more information on this topic and Bad Credit Mortgage Loan Repair or if you are in need of a Credit Check Collection Agency, Beatlands Credit Repair has many credit repair topics and tips that can be very useful.

Many homeowners have come to know that remodeling the home is an affordable and cheaper option than to buy a new home. With the cost of new house going up day by day, remodeling is considered to be the best option of getting new look and feel from one’s old house. Home Remodeling design trends for homeowners in Florida have changed and instead of thinking bigger they’re choosing to be smarter. Through renovating, their motivation is not only to update the look and feel of the home, but also to improve the comfort and utility of their space to meet the changing needs of their lifestyle.

Remodeling helps to enhance the look of your home and the task of remodeling is performed to replace the old and traditional material with the fresh and latest one. Florida has many trained and experienced remodeling professional who hold specialization in remodeling of homes as per the clients taste and requirements. Team of experts carries out the designing and construction works after studying the location of the property and do the renovation as per the need of the customer. Some of the major areas of the house that are renovated are kitchens, bathrooms, room additions, floor plan with latest designs and also reconstructing the damaged area of the house. One of the common remodeling that is done in a house in is its entrance. The entrance of the house is renovated by stately covered porticos, columns etc. These not only provide aesthetic up gradation to the house but it also increase the economical value of the house.

Home remodeling team first shows the pre-designed structures to the clients so that they can get their approval and after that only they start the construction work. Careful planning of the home renovation reduces the unexpected things that occur during the renovation. Today’s major need of home remodeling in Florida is to have an airy, well ventilated house with lesser extra walls. The need of fresh air circulation in all the rooms is considered at the first step of planning. These home renovation company of Florida consider all the requirements of clients and perform the renovation as per their needs.

In Florida number of bedrooms and baths vary from person to person and the dinning room and kitchen are connected through the big rooms of the house. Some of the major aspect due to which remodeling is required are, many houses in Florida are not able to handle the scorching sun of summers. Houses should be energy-efficient in its construction. These types of houses surely require remodeling so that the owners can avail maximum comfort and relax at their home. Remodeling also raises the value of your house and the purpose of remodeling the house varies from person to person and the further usage of the property.

P&T Construction is a South Florida based General Contracting Firm that specializes in both commercial and residential remodels.

Ted Berghaus is the President and CEO of the company. Ted was raised here in West Palm Beach and has had the same corporate phone number (561)… for almost 30 years. Being a general contractor in South Florida for so long, has allowed him to completed projects in every city within Palm Beach County. He has forged strong relationships with building officials and knows how to expedite your project.

P&T’s understands that being a general contractor means that you manage all of the sub-contractors. The General Contractor has to know what is going on at the job site at all times. It is necessary to schedule the trades and make sure that quality work is performed. Knowing the right vendors helps to save the clients money. Providing the client with as many choices as possible (i.e. for finish items, appliances, colors) and making recommendations helps improve the overall quality and clients happiness.

We are perfect for you residential project. P&T handled high end kitchen and bath installations for Expo (Expo was Home Depot’s high end alternative). Additionally, we have built whole townhouse developments and converted single family homes into commercial structures.

Commercial Construction is also our specialty. We work with the owners of shopping centers and warehouses to be their general contractor that handles any build to suit, speculative building, tenant improvements, etc. We have done it all from the development of warehouse complexes here in Palm Beach to the small tenant improvements required by ongoing businesses located throughout the South Florida area.

We have developed relationships with qualified sub-contractors and our reputation as a general contractor local to South Florida is established. We have credibility that will enable quick and problem free construction no matter how difficult your project may seem. Because we have already sorted out the good from the bad, the cost effective from the wasteful, we can achieve your goals within your budget and timeframe.

We are not just a general contractor; we are a company of friends and family local to West Palm Beach. We forge relationships with our clients and work hard to protect their interests. That is why so much of our business is that of repeat customers.

Our headquarters are located within West Palm Beach in sunny South Florida. So drop by or call (561) 833-0614 when you need a general contractor in Palm Beach, or the greater South Florida Area.

Florida FHA 203k- Florida Rehabilitation Loans

The Federal Housing Administration (FHA), under Section 203k, will insure Florida FHA loans that include rehabilitation (rehab loans) and repair costs in the amount borrowed from an independent Florida mortgage lender. FHA does not lend money, but they insure private Florida mortgage loans based on their specific underwriting guidelines.

THE FHA 203K loan is intended for Florida neighborhood and community revitalization, as well as encouraging Florida home ownership.

Florida FHA 203k Rehab Loan Advantages

Another advantage to the Florid as FHA 203k mortgage loan program is that Florida buyers can focus on the location and floor plan instead of the condition of the Florida home. Using a Florida FHA 203k rehab loan, there is less competition for properties which allows for a more aggressive purchase price.

Using and acquiring Florida homes with rehab loans are favorable to bank owned and HUD foreclosed properties because the property is sold “as-is.” More specifically, Florida foreclosure property can be sold in it’s current condition which is appealing to foreclosed seller.

FHA 203k Loan Qualifications

Standard FHA guidelines are used when applying for rehab loans. FHA’s credit underwriting guidelines are flexible and are advantageous for investor’s or first time Florida home buyers looking to get a good deal on a property. Florida  Lenders are also qualifying buyers with 100% financing when used with down payment assistance.

On top of all this, FHA’s guidelines allow the Florida seller to pay all closing costs (up to 6%). Florida Banks are able to provide rehab loans with fixed rate or adjustable rate mortgages. In addition, Florida buyers can receive credit aid from non-occupant co-borrowers.

Eligible Florida Properties for FHA 203k Rehab Loans Single family residence (SFR) PUD’s Condo’s Owner Occupied Only (FHA 203k rehab loan) Purchase Refinance Florida FHA 203k Rehab Loan Process

After the seller accepts the buyers offer, the borrower chooses a licensed and bonded general contractor. The FHA approved consultant is then chosen by your http://www.fhamortgageprograms.com/florida/ consultant. The rehab loan borrower, general contractor and consultant meet at the property to discuss the repairs needed on the Florida home. The consultant then completes a work write-up of repairs to provide to the buyer, lender and Florida FHA appraiser.

 Allowable Improvements

Major structural repair (fire damage) Kitchen and bath remodel Room additions Landscaping Roofing Flooring Virtually anything except luxury items Florida FHA 203k Rehab Loan Appraisal Process

The FHA appraiser receives the rehab work-write up from the consultant. Then the Florida FHA appraiser completes the appraisal to determine “as completed” value. This is otherwise known as after repair value (ARV). FHA uses 110% of the “as completed” value to calculate the maximum mortgage amount of the rehab loan.

Florida FHA 203K Rehab Loan Terms

Most commonly, the FHA 203k rehab construction needs to be completed within 6 months after the close of escrow. The buyer’s loan payments can be included in the rehab mortgage for up to 6 months (determined by the scope of work and timeline in the write-up). Next, the FHA 203K consultant determines the completion of work and authorizes the final draw (payment) to the contractor. After the final payment, the FHA 203K rehab borrower can now move into their newly renovated home.

Florida FHA loan Information from an FHA lender

An FHA loan is a federal insured mortgage loan that is made by a private Florida mortgage lender that is  insured by the Federal Housing Administration. The FHA loans are only provided by federally qualified lenders.

FHA loans have historically allowed lower income Floridians to borrow money for the purchase of a home that they would not otherwise be able to afford. The FHA mortgage program originated during the Great Depression of the 1930s to stimulate the economy and get people buying homes again when the rates of foreclosures and defaults rose sharply. The FHA loan program provides lenders with sufficient insurance to protect against loss in a case of default. Some FHA loan were subsidized by the government, but the goal was to make it self-supporting, based on insurance premiums paid by Florida borrowers.

Over time, private Florida mortgage insurance (PMI) companies came into play, and now FHA primarily serves people who cannot afford a conventional down payment or otherwise do not qualify for PMI.

On August 31, 2007, the FHA added a new refinancing program called FHA-Secure to help borrowers hurt by the 2007 subprime mortgage financial crisis.

The history of FHA loans

The National Housing Act of 1934 created FHA or  Federal Housing Administration which was established primarily to increase home construction, reduce unemployment, and operate various FHA loan insurance programs. FHA does not loans, nor does it plan or build houses. As in the Veterans Administration’s VA loan program, the Florida mortgage applicant must qualify for the loan though a private Florida lending institution. This financial organization then may ask if the borrower wants FHA insurance on the loan or may insist that the borrower apply for it. The federal government, through the Federal Housing Administration, investigates the applicant and, having decided that the risk is favorable, insures the lending institution against loss of principal in case the borrower fails to meet the terms and conditions of the mortgage. The borrower, who pays an insurance premium 1/2 percent on declining balances for the lender’s protection, receives two benefits: a careful appraisal by an FHA inspector and a lower interest rate on the mortgage than the lender might have offered without the protection.

For the Florida home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3.5% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

To take advantage of the FHA program in Florida, give us a call 1-800-570-0448 or visit www.FHAmortgagePrograms.com

For Florida first time home buyers and other borrowers, the FHA home loans can have key advantages:

Easy Qualification – The FHA loan insures Florida mortgage lenders against loss for loans made to properly qualified FHA home loan borrowers. So you’re likely to find FHA mortgage loans with terms that make it easier for you to qualify than any other mortgage program..

Minimal Down payment Requirements – Florida FHA loans work with as little as 3.5% down and those funds can come from a family member, charity, or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that your loan officer can point you to many Down payment assistance programs that work well with Florida FHA home loans.

Less than A-1 Credit is Okay – The Florida FHA home loan program exists to expand the pool of home buyers. Even borrowers with prior bankruptcies or mortgage lates get approved every day for FHA mortgages to buy or Refinance homes in Miami, Jacksonville, Fort Lauderdale or any Florida city we serve. The FHA loan program uses credit quality, not credit score!

Lower Cost Over the Life of the Loan – The Florida FHA home loan rates are extraordinarily competitive. FHA’s lower risk to the lender means a better rate for the borrower.

Safeguards for Borrowers Who Get Behind – The Florida FHA loan mortgages also allow the lender more options in helping borrowers who fall behind keep their homes are get current again: special forbearance, workouts, even free mortgage counseling. Further, FHA/HUD can allow the lender to place past due payments and move them to the end of the loan and in some instance will actually pay your past due payments for you. Options to save your home you’ll never get from a conventional loan! In an uncertain world, this is another excellent reason for you to get an Florida FHA loan.

Options for Manufactured Housing – Under certain conditions, you can even finance a Florida Mobile Home or manufactured home using a Florida FHA mortgage loan. Call 1-800-570-0448 to get pre-approved for a Florida FHA loan for manufactured housing or just use our quick application to learn more!

FHA Loans Are Fully Assumable – When you are ready to sell your home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified buyers.

These are just seven of the many good reasons to apply for an FHA mortgage. Call 1-800-570-0448 to speak with a friendly Florida FHA loan specialist now!

FHA Home Loans for Purchasing a Florida Home

Although Florida FHA home loans require additional paperwork, the reality is that applying for an FHA mortgage loan in Florida is not much different from applying for conventional financing. In fact, for many Florida mortgage applicants learn that the small amount of extra time turns out to be an exceptional mortgage bargain because they save thousands of dollars over the life of their Florida Mortgage.

At 1st Continental Mortgage, we have been working with the FHA program for many years. We’re experts at assembling the proper paperwork and presenting your loan application to FHA approved lenders diligently and professionally. It’s one of the ways that we have earned our reputation for closing FHA home loans in Florida on-time.

You may be surprised at how flexible Florida sellers are in the current market and how many programs there are that provide Down payment assistance to applicants for FHA financing to purchase Florida homes, condos, and townhouses. The fact is, seller can pay up to 6% towards your closing costs. This means, no closing costs for you when negotiated during the purchase contract!

The FHA loan program offers excellent fixed rate options and never a prepayment penalty. If other Florida mortgage lenders are quoting you subprime rates, you owe it to yourself to make the call to compare the costs of getting an FHA home loan for your home purchase. Call 1-800-570-0448 to speak with an FHA loan expert before accepting any conventional mortgage quote as the best you can do!

History of FHA loans

Until the latter half of the 1960s, the Federal Housing Administration served mainly as an insuring agency for loans made by private lenders. However, in recent years this role has been expanded as the agency became the administrator of interest rate subsidy and rent supplement programs. Important subsidy programs such as the Civil Rights Act of 1968 were established by the United States Department of Housing and Urban Development.

In 1974 the Housing and Community Development Act was passed. Its provisions significantly altered federal involvement in a wide range of housing and community development activities. The new law made a variety of changes in FHA activities, although it did not involve (as had been proposed) a complete rewriting and consolidation of the National Housing Act. It did, however, include provisions relating to the lending and investment powers of federal savings and loan associations, the real estate lending authority of national banks, and the lending and depositary authority of federal credit unions.

Further changes occurred in the 1977 Housing and Community Development Act, which raised ceilings on single-family loan amounts for savings and loan association lending, federal agency purchases, FHA insurance, and security for Federal Home Loan Bank advances. In 1980 the Housing and Community Development Act was passed; it permitted negotiated interest rates on certain FHA loans and created a new FHA rental subsidy program for middle-income families.

On March 6, 2008, the Florida “FHA Forward” program was initiated. This is the part of the stimulus package that President Bush had in place to raise the loan limits for Florida FHA loans.