Bonita Springs FHA Loans

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Bonita Springs FL FHA home mortgages permit you to obtain an easy mortgage loan for your property. The federal government insures these home mortgages via the FHA Department to enable home owners to obtain home mortgages on relaxed conditions and to provide security to the lender. If an individual misses his payments, the mortgage insurance covers the loss of the mortgage lenders.

Pros of Bonita Springs FHA Home Mortgages

With a minimal down payment of about 3.5% and its flexible terms of borrowing, Bonita Springs FHA home mortgages become one of the best options for FTHB today. Even clients with bad credit history can simply choose a Bonita Springs FHA mortgage loan.

Disadvantages of a Bonita Springs FHA Mortgage Loan

With the benefits of easy accessibility comes the disadvantages that you will have to pay a little extra on your regular mortgage loan payments to cover the MIP.

Necessities to Qualify for an FHA Home Mortgage

In order to meet the requirements for a Bonita Springs FHA mortgage, you need to be a legal citizen of the USA with gainful employment. In addition, as the FHA department only approves selected mortgage lenders for their mortgage loan insurance, you can’t process a loan application for a Bonita Springs FHA mortgage loan from every lender. Even after you find the perfect mortgage loan from every lender, an FHA mortgage loan is only sanctioned if the house you are requesting to purchase has been authorized by the Federal Housing Administration.

Maximum Limits of a Bonita Springs FHA Home Mortgage

The limits of the loan amount vary in every state and county of the USA, however, the general max mortgage loan limit is approximately $625,000.

How to Obtain a Bonita Springs FHA Mortgage?

If you wish to get a Bonita Springs FHA loan, contact First Nationwide Lending, where we can provide you with more information regarding these home 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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