Clearwater FHA Loans

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Clearwater FL FHA home mortgages permit you to get an easy home mortgage for your property. The United States federal government insures these home mortgages via the FHA Department to enable home owners to get home mortgages with limited conditions and to provide security to the mortgage lender. If an FHA mortgagor misses his commitments, the mortgage insurance covers the loss of the money lenders.

Positives of Clearwater FL FHA Home Mortgage Loans

With a low down of about 3.5% and its flexible terms of borrowing, Clearwater FL FHA home mortgages become a viable option for first home buyers today. Even individuals with less than perfect credit history can simply choose a Clearwater FL FHA home mortgage.

Negatives Features of a Clearwater FL FHA Mortgage Loan

With the benefits of easy accessibility comes the disadvantages that you have to pay a little more on your regular home mortgage payments to make up for the MIP.

Guidelines to Qualify for an FHA Mortgage Loan

In order to meet the requirements for a Clearwater FL FHA home mortgage, you need to be a legal citizen of the Unites States with a steady job. In addition, as the FHA department only approves selected money lenders for their home mortgage insurance, you can not apply online for a Clearwater FL FHA home mortgage from every mortgage lender. Even after you find the best home mortgage from every mortgage lender, an FHA home mortgage is only acceptable if the home you are requesting to buy has been approved by the department of Federal Housing Administration.

Maximum Limits of a Clearwater FL FHA Mortgage Loan

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

How to Get a Clearwater FL FHA Mortgage Loan?

If you wish to request a Clearwater FL FHA home mortgage, contact us at the First Nationwide Lending, where we can provide you with more information regarding these home mortgages 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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