Clearwater FHA Loans

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Clearwater FHA home mortgage loans allow borrowers to obtain an easy home mortgage for your home. The federal government insures these home mortgage loans through the FHA Department to ensure home owners to obtain home mortgage loans on relaxed conditions and to provide security to the bank. If an individual misses his commitments, the mortgage insurance covers the loss of the bankers.

Advantages of Clearwater FHA Home Mortgage Loans

With a limited down payment of about 3.5% and its flexible terms of borrowing, Clearwater FHA home mortgage loans become one of the best options for FTHB today. Even individuals with a bad credit history can simply opt for a Clearwater FHA home mortgage.

Disadvantages of a Clearwater FHA Home Loan

However with the benefits of easy access comes the drawbacks that you have to pay a little extra on your regular home mortgage payments to make up for the MIP.

Guidelines to Get Qualified for an FHA Home Loan

In order to qualify for a Clearwater FHA home mortgage, you must be a legal citizen of the Unites States with a steady job. In addition, as the FHA department only approves selected bankers for their home mortgage insurance, you can’t apply online for a Clearwater FHA home mortgage from every bank. Even after you find the right home mortgage from every bank, an FHA home mortgage is only sanctioned if the home you are requesting to buy has been approved by the FHA department.

Extent of a Clearwater FHA Home Loan

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

How to Get a Clearwater FHA Home Loan?

If you would like to obtain a Clearwater FHA home mortgage, contact First Nationwide Lending, where we can provide you with more information regarding these home mortgage loans and clarify your query to streamline 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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