FHA Loans in
Bradenton, Florida

580 with 3.5% down through most of our programs. Scores from 500-579 can still qualify with 10% down. And FHA underwriting weighs recent payment history heavily - 12 months of clean payments matters more than old negatives. If another lender quoted you a higher minimum, that was their overlay, not FHA's rule. Worth a second opinion.

3.5% - $14,000. With Florida Down Payment Assistance layered in, qualified buyers can reduce total out-of-pocket (down payment plus closing costs) to as little as $1,000-$1,500. DPA eligibility depends on income, location, and program funding at the time you apply, which is why June verifies it on the very first call.

Two parts: an upfront premium of 1.75% of the loan amount (financed into the loan - you don't write a check for it) and an annual premium of roughly 0.55% paid monthly. On a $400,000 loan, that's about $183/month. It's the cost of the flexibility FHA provides - and once you've built 20%+ equity, refinancing into a conventional loan with no mortgage insurance is a standard move June will flag when your timing is right.

Chapter 7 bankruptcy: generally 2 years after discharge. Chapter 13: as little as 1 year of on-time plan payments with court approval. Foreclosure: generally 3 years. These are among the shortest waiting periods of any loan program - and documented extenuating circumstances can shorten them further. If you're inside the window, June will tell you the exact date you become eligible.

Yes - FHA loan limits are set annually by county and adjust with home prices. Most of Bradenton's housing stock sits comfortably within the Manatee County limit, which is exactly what makes this such a strong FHA market. June will confirm the current limit against your target price range on your first call.

Yes - 2, 3, and 4-unit properties qualify with the same 3.5% down, as long as you live in one unit for at least a year. Even better: the projected rent from the other units can count toward your qualifying income. House hacking a Bradenton duplex is one of the strongest wealth-building first purchases available, and June structures these regularly.

It's a math question, not a loyalty question. Strong credit (680+) and 5%+ down often favors conventional - lower mortgage insurance that eventually drops off automatically. Thinner credit, smaller savings, or higher DTI favors FHA. June runs both side by side on every file and shows you the 5-year cost of each. The answer is whichever number is smaller.

In 2026's market - yes, routinely. With homes sitting 50-76 days and sellers accepting ~94% of list, certainty of close beats loan-type snobbery. The FHA appraisal does include basic property condition standards, so June flags likely issues before you offer - which keeps your deal moving and your earnest money safe.