FHA mortgage Florida, FHA Loan Florida  For first time home buyers and other Florida mortgage applicants the FHA  loan can have key advantages:   Other FHA Mortgage loan Advantages Include: Minimal Down Payment and Closing Costs. Down payment less than 3.5% of Sales Price Gift for down payment and closing costs allowed. No reserves or required. FHA regulated closing costs. Seller can credit up to 6% of sales price towards buyers costs. Easier Credit Qualifying Guidelines such as: Minimum FICO credit score of 540. FHA will allow a home purchase 2 years after a Bankruptcy . FHA will allow a home purchase  3 years after a Foreclosure .  Easier …

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