The Best 2024 Lake Clarke Shores FHA Mortgage Programs

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640 + Fico Score
620 + Fico Score
580 + Fico Score
560 + Fico Score
500 + Fico Score

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640 + Fico Score Home Loans

Having a 640 credit score allows for homebuyers to qualify for a majority of programs available across the U.S.A.  The popular Lake Clarke Shores FHA home loan was introduced in 1934.  The program features lower down payment options and easier qualifications for new and repeat homebuyers.  Another Government program strictly for Veteran’s was introduced in 1944, the Lake Clarke Shores VA home loan allows for certain service members to buy a home with no money down even with lower credit scores.  Another favorite of ours, the USDA home loan created in 1991 offers the no money down option.  Last but not least a homebuyer favorite the forgivable Lake Clarke Shores FHA homebuyer grant.  With over 26 years of experience our experts are here to answer your questions.  We will have you pre-approved and ready to shop in minutes.

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(640 Credit Score Required)

FHA Loan Benefits

  • Buy with 3.5% Down
  • 640 Credit Qualifies for a Grant to Cover Down Payment
  • Easier Credit Qualifications
  • Extremely Loan Rates for Home Buyers

USDA Loan Benefits

  • Buy with No Money Down
  • Streamlined credit approval for scores above 640
  • Look Up Eligible USDA Areas Here
  • Extremely Loan Rates for USDA Home Buyers

FHA Grant Benefits

  • Grant is completely forgiven
  • Grant can be used for down payment
  • Not required to be first time home buyers
  • Keep your down payment money in the bank

VA Loan Benefits

  • No down payment
  • No mortgage insurance required
  • Low wholesale VA home rates
  • Lower credit scores can qualify

Questions Call (888)208-9797

Lake Clarke Shores is Eligible for FHA Home Buyers

Popular FHA Cities for New Home Buyers

620 + Fico Score Home Loans

Having a 620 credit score allows new Lake Clarke Shores homebuyers many options. The FHA offers amazing rates even with less than perfect credit. Even better the FHA offers buyers the option to buy with a 3.5% down payment. Don’t have a down payment, no worries we offer a private Lake Clarke Shores FHA grant program.  The Lake Clarke Shores FHA grant program requires a minimum 620 credit score. The programs don’t stop there, Even with a 620 credit score we have more options. The USDA home loan and the Lake Clarke Shores VA home loan are also available. The USDA mortgage allows for home buyers to purchase with NO money down. Understand the average qualifying credit score is 640 but our 2024 guidelines allow for manual underwriting. A manual approval will need to be completed by an underwriter and is not guaranteed. Last but not least our Lake Clarke Shores VA Military home loan is another NO money down option for those who serve the USA, the greatest country on earth.

Get Pre-Approved Now

(620 Credit Score Required)

FHA Loan Benefits

  • Buy with 3.5% Down
  • 620 Credit Qualifies for a Grant to Cover Down Payment
  • Easier Credit Qualifications
  • Extremely Loan Rates for Home Buyers

USDA Loan Benefits

  • Buy with No Money Down
  • 620 credit scores will need manual approval by underwriting
  • Look Up Eligible USDA Areas Here
  • Extremely Loan Rates for USDA Home Buyers

FHA Grant Benefits

  • Grant is completely forgiven
  • Grant can be used for down payment
  • Not required to be first time home buyers
  • Keep your down payment money in the bank

VA Loan Benefits

  • No down payment
  • No mortgage insurance required
  • Low wholesale VA home rates
  • Lower credit scores can qualify

Questions Call (888)208-9797

Areas Near Lake Clarke Shores are Eligible for USDA Loans

Popular areas that may be Eligible for USDA Home Buyers

580 Fico Score Home Loans

Having a 580 plus credit score will allow Lake Clarke Shores home buyers a few great options. The FHA offers amazing rates even with less than perfect credit. With a 580 credit score a down payment of 3.5% will be needed. The down payment can come as a gift. Another great options for lower credit scores is our Lake Clarke Shores VA Military home loan. Veteran’s can qualify with a 580 credit score and NO money down.

Get Pre-Approved Now

(580 Credit Score Required)

FHA Loan Benefits

  • Buy with 3.5% Down
  • Gift funds excepted for down payment
  • Easier Credit Qualifications
  • Extremely Loan Rates for Home Buyers

VA Loan Benefits

  • No down payment
  • No mortgage insurance required
  • Low wholesale VA home rates
  • Lower credit scores can qualify

Questions Call (888)208-9797

Lake Clarke Shores is Eligible for Veteran Home Programs

Popular Cities for Veteran Home Buyers

560 Fico Score Home Loans

560 plus credit scores allow home buyers a few great options. The FHA offers amazing rates even with less than perfect credit. With a 560 credit score a down payment of 10 - 20% will be needed. The down payment can come as a gift. Another great option for lower credit scores is our VA Military home loan. Veteran’s can qualify with a 560 plus credit score.

Get Pre-Approved Now

(560 Credit Score Required)

FHA Loan Benefits

  • Buy with 10 - 20% Down
  • Gift funds excepted for down payment
  • Easier Credit Qualifications
  • Extremely Loan Rates for Home Buyers

VA Loan Benefits

  • No down payment
  • No mortgage insurance required
  • Low wholesale VA home rates
  • Lower credit scores can qualify

Questions Call (888)208-9797

500 Fico Score Home Loans

With 500 plus credit scores options are still available for home buyers. The Lake Clarke Shores FHA program is still available for home buyers, understand you will need a larger down payment, usually 10 - 20%  The down payment can come as a gift. Another great option for lower credit scores is our Lake Clarke Shores VA Military home loan. Veteran’s can qualify with a 500 plus credit score.  Keep in mind a 500 plus credit score is a higher risk for lenders, this means it will be underwritten manually by an underwriter.

Get Pre-Approved Now

(500 + Credit Score Required)

FHA Loan Benefits

  • Buy with 10 - 20% Down
  • Gift funds excepted for down payment
  • Easier Credit Qualifications
  • Extremely Low Rates for Home Buyers

VA Loan Benefits

  • No down payment
  • No mortgage insurance required
  • Low wholesale VA home rates
  • Lower credit scores can qualify

Questions Call (888)208-9797

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Lake Clarke Shores is a town in Palm Beach County, Florida, United States. Located in the east-central portion of the county, the town is situated just west of the south end of West Palm Beach, north and west of the north end of Lake Worth Beach, and east of Palm Springs. The 2010 census recorded a population of 3,376, while the U.S. Census Bureau estimated that Lake Clarke Shores had a population of 3,627 in 2019.[4]

The town was named after John Newton Clarke, who first filed a homestead claim in the area in 1897. Clarke intended to capitalize on the business of growing pineapples, but his efforts were ultimately unsuccessful. Very few people lived in the area until local attorney Walter Travers created a plan to develop a community around Lake Clarke and purchased 250 acres (100 ha) of land for $10,000 in the late 1940s. The completion of a bridge across the West Palm Beach Canal in 1953 spurred a further growth in population. With rumors spreading that West Palm Beach intended to annex the community, residents voted by a wide margin to officially approve the incorporation of Lake Clarke Shores as a town on April 10, 1956.