Blue Reef Mortgage Florida FAQs 1

FHA loans are backed by the government and designed to be more accessible. They require lower down payments (3.5% vs. 3-20% for conventional), have more flexible credit requirements, and allow higher debt-to-income ratios. The downside [...]

That depends on your income, debts, and the type of loan. For conventional and VA loans, the current limit in Florida is $806,500. FHA loans max out at $654,350. If you need more than that, [...]

For conventional loans, we generally want to see 620 or higher. FHA loans can go as low as 580 with 3.5% down, or 500 with 10% down. VA loans don't have a minimum credit score [...]

The basics are the same as anywhere else—steady income, reasonable debt-to-income ratio, and a credit score that doesn't make underwriters nervous. But Florida has some quirks. Your insurance costs will be higher than you expect, [...]