FHA and VA Loans in Florida & Michigan: Low Rates, Low Down Payments & Fast Closings with First Team Lending
If you’re buying a home in Tampa, Miami, Hillsborough County, Pinellas County, Miami-Dade County, Oakland County, or Macomb County, you may not need 20% down to get started.
At First Team Lending, we specialize in FHA and VA loans that offer low rates, flexible guidelines, and fast closings — often in as little as 15 days. Whether you're a first-time homebuyer or a veteran who has earned your benefits, we make the mortgage process simple and stress-free.
Let’s break down how FHA and VA loans work — and why they’re two of the best mortgage options available today.
What Is an FHA Loan?
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. It’s designed to help buyers with lower down payments and flexible credit requirements.
FHA Loan Benefits
✅ Low down payment — as little as 3.5%
✅ Competitive interest rates
✅ More flexible credit guidelines
✅ Higher debt-to-income allowances
✅ Great option for first-time homebuyers
If you’ve been told you need 20% down to buy a home — that’s simply not true. FHA loans are one of the most popular ways buyers in Tampa and Miami become homeowners sooner rather than later.
At First Team Lending, we walk you through every step and provide a clear breakdown of payment options so there are no surprises.
What Is a VA Loan?
A VA loan is a mortgage benefit available to eligible veterans, active-duty service members, and some surviving spouses. It’s backed by the U.S. Department of Veterans Affairs.
And in our opinion — it’s one of the best mortgage programs available.
VA Loan Benefits
- 0% down payment — no money down required
- No PMI (Private Mortgage Insurance)
-Typically lower interest rates than conventional loans
- Flexible credit requirements
- Limited closing costs
Let’s highlight two major advantages:
1. Zero Down Payment
VA buyers can purchase a home with no down payment, keeping more money in their bank account for savings, investments, or home improvements.
2. No PMI — Ever
Unlike many loan types, VA loans do not require monthly PMI, even with 0% down. That can save veterans hundreds of dollars per month compared to other programs.
We love working with veterans at First Team Lending. You’ve served our country — and we’re honored to help you use the benefits you’ve earned.
Why Choose First Team Lending for Your FHA or VA Loan?
There are plenty of lenders out there. Here’s what sets us apart in Florida and Michigan:
🚀 Fast Closings
We offer aggressive closing timelines — including fast clear-to-close options. In competitive markets like Tampa and Miami, speed matters.
💰 Competitive Rates
We shop aggressively for low rates and can also explore rate buy-down options if needed.
📲 Easy Application Process
Simple, streamlined digital applications with weekend and late-night availability.
🤝 Personalized Service
You’re not just a loan number to us. We provide hands-on guidance from pre-approval through closing day.
Buying in Tampa or Miami? Here’s Why This Matters
With home values in Tampa and Miami continuing to attract buyers, programs like FHA and VA loans allow you to:
• Buy sooner instead of waiting years to save 20%
• Keep more cash on hand
• Compete confidently with strong pre-approvals
• Lock in low rates while they’re available
Pre-approval is key in today’s market — and we can often issue one quickly to strengthen your offer.
Get Pre-Approved Today
If you’re considering an FHA or VA loan in Florida or Michigan, let’s talk.
At First Team Lending, we specialize in:
FHA loans
VA loans (0 down, no PMI)
Conventional loans
Non-QM options
Refinances
We love veterans. We love first-time buyers. And we love helping clients win in competitive markets.
📞 Reach out today for a free consultation.
💻 Apply online in minutes.
🏡 Let’s get you home.