BANKERS CHOICE MORTGAGE
A division of American Bancshares Mortgage, LLC
Licensed Mortgage Lender
10651 N. Kendall Dr., Suite 200
Miami, Florida 33176
Office: (305) 595-3585
Fax: (305) 595-1602
FHA Loan Programs
• Purchase a home with a down payment as low as 3.5% of the
• Seller is allowed to pay up to 6% of the closing costs.
• All of the closing costs and down payment can come from a gift.
• Easy to qualify for this government insured program.
• Maximum Loan Amount: $345,000 in Miami-Dade and Broward County, call your loan officer for loan limits in other counties.
Derogatory credit guidelines:
• Foreclosures - none in the last 3 years
• Short sale - none in the last 3 years
• Bankruptcy 7 - none in the last 2 years
• Bankruptcy 13 - does not have to be discharged, payments on time have to be demonstrated and need permission from Bankruptcy Court.
The Federal Housing Administration is the largest insurer of mortgages in the world. The FHA makes home financing possible for people who might not qualify for conventional mortgage programs to purchase a home or refinance their current mortgages, including Adjustable Rate Mortgages. Now you, too, may be able to benefit for an FHA loan.