What Are the Benefits of FHA Loans in Miami?

When you take out an FHA loan, the Federal Housing Administration (FHA) insures your mortgage. If you were to default, the loan is covered by the government, so it represents a lower risk for your lender. This means that the lender can be more flexible with regard to your credit score and can reduce the required down payment.

Miami FHA loans offer these advantages:

Down payments as low as 3.5%

Flexible credit score requirements

Interest rates which are competitive

Low closing costs, or in some cases, no closing costs

FHA loans are very versatile. They can be used to purchase an existing property or to build a new one. There are also FHA loans for refinancing, debt consolidation, or home renovation. Homebuyers can choose loan terms which fit their needs, and can decide for themselves whether to go with a fixed or adjustable rate.

Miami FHA Loan Requirements

Whether you are a first-time or returning homebuyer, you need to meet these basic qualifications to apply successfully for an FHA loan:

The minimum credit score to receive an FHA loan is 500. For scores ranging from 500 to 579, a 10% down payment is required. Those who have credit scores of 580 and above can put just 3.5% down on their loan.
Lenders are generally flexible when it comes to your debt-to-income ratio, but it is easiest to qualify if it is 43-45% or lower.
Applicants for FHA loans should provide paperwork to prove steady employment over a period of two years minimum.
FHA loans are only available for purchasing a home which will serve as a primary residence.
Bankruptcy does not disqualify you from receiving an FHA loan, but it must be two years or more in the past.
There must be no black marks on your credit alert interactive voice response system (CAIVRS) report.

Lending Bankers Mortgage Is Your FHA Mortgage Broker in Miami

If you are ready to make Miami your home and move into a beautiful property with flexible, competitive mortgage rates and terms, get in contact with Lending Bankers Mortgage.

We can take a look at your financial history, credit score, debt-to-income ratio, and the property you want to buy and let you know whether you are likely to qualify for an FHA loan. If you meet the criteria, we can expedite your application. We have helped numerous homebuyers throughout South Florida move into their dream homes quickly and affordably, and would love to do the same for you.

Please call (786) 220-1100 to get started on your FHA loan application today.

See what you qualify for in 60 seconds or less!

Lending Bankers Mortgage

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Pablo R.

20:52 18 May 22

Excelente experiencia de trabajo junto a al equipo de Lending Bankers. Nos guiaron de la mejor formar durante todo el proceso. Siempre estuvieron pendientes de los tiempos, de los documentos, revisan... todo y te alertan a tiempo de posibles necesidades y al final se cerro el proceso tal cual como nos indicaron desde el principio, sin sorpresas. La próxima vez pienso trabajar con ellos con toda seguridadread more

IVO C.

02:21 18 May 22

I had a great experience working with Danny Perez. He was always on top of all details. An excellent person. I highly recommend him!!!

Luis V.

19:24 16 May 22

Excelente servicio y compañamiento, con personal muy calificado, muy recomendado!

Johyner alberto Ramirez R.

18:19 15 May 22

Muy complacido con el trato tan profesional de Danny Perez, hizo que mi proceso en la adquisición de mi nueva propiedad fuese muy fluido. Estuvo pendiente en todo momento, haciendo el seguimiento... adecuado para la ejecución en los tiempos acordados. Muy responsable y comprometido. Recomendado 100%.read more

Elias M.

15:52 13 May 22

Claudia and Ana were a pleasure to work with and I would highly recommend them to anyone going through this process. Hopefully I get to work with them again in the near future.

Tamir V.

08:30 13 May 22

I have started working with Claudia and her team, Maria and Ana and all I can say is pure professionalism from the entire team. I am a real estate investor in Australia, and with that comes a big... complication to buy real estate and obtain a mortgage loan in the states not being a US citizen. I have started working with Claudia in March and I have just closed on the property with one of the best loan terms available in the States. Claudia has been super supportive and understanding of my complex Income streams and Investment portfolio and managed to secure it for me with Maria & Ana’s support. I will certainly use their services again with my new purchase and refer anyone interested in a US mortgage to them without a doubt in mind they will do the same over and over again!read more

Peter G.

23:36 05 May 22

I have dealt with Claudia Castano for several transactions in the past year. She is incredibly knowledgeable regarding the Miami real estate market -- both from the purchase/sale side and the lending... side. She has given me valuable advice on my investment projects (encouraging me on some and telling to avoid others). She responds quickly to all of my texts and phone calls. And, importantly, she is well liked by the realtors and title companies she has to deal with on my behalf. She is down to earth and friendly. I highly recommend her.read more

Stefano De A.

15:15 04 May 22

Mi experiencia con Gustavo y Larry en Lending Bankers ha sido realmente excepcional, absolutamente todo el proceso, atención y dedicación en todo momento fue excelente. El cuidado de los detalles,... los tiempos de entrega y atención, todo realmente maravilloso, con un servicio muy profesional y adecuado en cada uno de las etapas del proceso, con un resultado satisfactorio y exitoso. Muy contento con ellos los recomiendo totalmente.read more

Kathiuska R.

21:58 29 Apr 22

Excellent work! From start to finish, my client Johnny was pleased with the service and attention that Lending Bankers provided. Thanks to Larry for his ethics and professionalism!Excelente ... trabajo! Desde principio hasta final, mi cliente Johnny quedó complacido con el servicio y atención que ofreció Lending Bankers. Gracias a Larry por su ética y profesionalismo!read more

Katie R.

17:24 18 Apr 22

We closed our 2nd commercial loan with Claudia. Just as the first time, the process was clear and smooth. She was able to guide us and structure the loan so we could get there very best terms,... making our investment even more attractive with a great interest rate. We worked together side by side gathering all documents and following ok ever step of the process. Definitely recommend her! Thank you Claudia.read more

Issys G.

15:09 18 Apr 22

Gracias por su buen servicio y atención, fue un placer trabajar con uds especialmente Nathy Velázquez. Me ayudo mucho con el procesó y fue muy amable.

Sanjay K

00:37 09 Apr 22

I inquired about a loan with Katherine and she went above and beyond to assist me with my needs. My situation was urgent - and my employment history was minimum- so they were not able to work out a... loan which I understand.. Katherine still kept me informed about interest rates- let me know about every possible situation in my case - texted me throughout the day to help me any possible way she could. I will definitely return and hopefully get to work with Katherine in the near future. Best customer experience ever. Highly recommendread more

Rick W.

12:06 05 Apr 22

I recently had the pleasure of working with with Danny Perez at Lending Bankers Mortgage. I was purchasing a condotel apartment. Financing for this type of non-conforming loan is difficult to find.... Danny was familiar with these projects and offered some creative ideas on the easiest/best ways to obtain the needed financing. He was on top of the situation and communicated with me frequently. Danny took my information to several parties in order to provide the best interest rates. Danny is a true professional and I would highly recommend him for your financing needs.read more

Jimmy H.

00:58 05 Apr 22

I am highly satisfied with the great help of Lending Bankers Mortgage, specially thank you Claudia for assisted us during all the process until to the approval. Definitely It was an amazing... experience. I recommend it!read more

Roberto S.

21:02 21 Mar 22

Gracias Claudia y Ana por sus atenciones .

Ileana R.

16:56 21 Mar 22

La experiencia con Claudia y Ana con el refinamiento de mi casa fue muy bueno las recomiendo al 100%

Fernando P.

14:30 21 Mar 22

Great experience working with Ana Salermo, her work was very professional with my buyer who was very grateful for her help in buying his new home.COLDWELL BANKER Ellison Realty

Nicolás C.

03:50 02 Feb 22

Simon

20:39 11 Jan 22

Muy agradecido con Gabriel y con David por su profesionalismo, hicieron el proceso sencillo, siempre respondieron a mis dudas sin importar el día y la hora, me mantuvieron informado de cada paso,... los tiempos se cumplieron como lo estimaron. ¡Muchísimas gracias!read more

ENRIQUE C.

18:38 05 Jan 22

La experiencia que tuve con Claudia y Ana en la refinanciación de mi casa fue excelente. Cuando otros bancos me habían dicho que no o que no tenían tiempo para mi, ellas trabajaron eficientemente y... rápidamente cerraron mi operación. A lo largo de todo el proceso hubo constante comunicación contestando el teléfono a cualquier hora y siempre haciendo seguimiento.Las recomiendo 100% para cualquier necesidad de mortage.read more

Juan R.

13:34 24 Nov 21

Thanks to Lending Bankers, I was able to close my first real estate deal while being 100% outside of the US.!!Given their expertise and high level standards, we managed to close a deal that seemed... impossible at the beginning. Working during very limited hours (EU+US) and being outside the US never represented a barrier for them.Eyes closed and hands down I personally recommend Lending Bankers as a trusted partner for residential loans!Ana (a.k Anita), David and Jacqueline are the best partners you could ever have for this complex journey.read more

Danet De L.

17:43 23 Nov 21

I had the pleasure to work with Ana Salermo from the team at Lending Bankers. She was very professional and built rapport with my client Juan David right away, she is pro-active which is a quality... that I always look for when working with people since I am already so busy with clients the last thing I need is to be on top of somebody else to make sure they do their job correctly. Highly recommend her to other agents as an asset to their team.read more

Amad Naffah F.

01:22 20 Nov 21

Excelente servicio y mucho profesionalismo. Ya tengo varios Creditos tramitados con ellos y en todos me ha ido bien. Recomendados al 100%

Jp L.

19:20 19 Oct 21

Fantastic to work with. Very professional and knowledgeable.

Frida M.

15:00 19 Oct 21

Kind, fast, reliable and they know all the ways so that your loan is the best and most successful, Thank you David and Gabriel, for this easy and friendly closing, everyone happyFrida

José Manuel H.

16:24 14 Oct 21

Excellent service from Lending Bankers. David and Gabriel were great. Very responsive, took the time to explain every detail of the Loan and helped us to choose the best option. Definitely I... recommend them.read more

Alon B.

12:12 16 Sep 21

Working with Claudia was the most comfortable, smooth and pleasant experience, for the third time.She is professional, detailed, caring and available when ever you and/ or your project needs here... attention.read more

ARMET I.

20:20 13 Sep 21

David and Gabriel did a very good job, during the purchase of my properties, providing me with support during the purchase process. Thank you so much. FAUSTO

Karol L.

00:23 11 Sep 21

Good and easy to deal with David and Gabriel, excellent service, professional and efficient. Always maintained contact through calls or text message. I knew every detail what was occurring with my... clients loan and the process. Thank youread more

Maria L.

16:33 08 Sep 21

The Lending Bankers team saved my clients transaction. We reached out in a moment of crisis due to errors made by another bank and helped my clients get a great loan in record time. They were... responsive and walked my clients through the entire process.read more

Lending Bankers Mortgage LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.

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FHA Loans in Miami

What Are the Benefits of FHA Loans in Miami?

Miami FHA Loan Requirements

Lending Bankers Mortgage Is Your FHA Mortgage Broker in Miami

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