Aventura FHA Loans

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Aventura FHA mortgages permit clients to obtain an easy home mortgage for your home. The federal government insures these mortgages through the FHA to ensure home owners to obtain mortgages with limited requirements and to provide security to the lender. If an FHA mortgagor does not make his payments, the MI covers the loss of the lenders.

Advantages of Aventura FHA Loans

With a minimal down of only 3.5% and its flexible terms of borrowing, Aventura FHA mortgages are a viable option for FTHB today. Even individuals with bad credit scores can easily choose an Aventura FHA home mortgage.

Drawbacks of an Aventura FHA Mortgage Loan

However with the benefits of easy accessibility comes the drawbacks that you will have to pay a little more on your monthly home mortgage payments to make up for the Mortgage Insurance.

Guidelines to Qualify for an FHA Home Mortgage Loan

To ensure you meet the requirements for an Aventura FHA mortgage loan, you need to be a legal citizen of the U.S. with a steady job. Moreover, as the FHA only approves selected lenders for their home mortgage insurance, you can’t apply for an Aventura FHA home mortgage from every lender. Even after you find the perfect home mortgage from every lender, an FHA home mortgage is only acceptable if the house you are requesting to buy has been approved by the department of Federal Housing Administration.

Maximum Limits of an Aventura FHA Mortgage Loan

The limits of the home mortgage loan amount vary from state to state and county to county, however, the standard max home mortgage limit is approximately $625,000.

How to Obtain an Aventura FHA Loan?

If you wish to request an Aventura FHA mortgage, contact us at the First Nationwide Lending, where we can provide you with more information regarding these mortgages and clarify your query to speed up the process of buying your new home.

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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