Doral FHA Loans

apply-now-today

Doral FHA mortgage loans permit borrowers to get an easy home loan for your home. The United States federal government insures these mortgage loans via the FHA to enable home owners to get mortgage loans on relaxed conditions and to provide security to the money lender. If a person misses his commitments, the government insurance covers the loss of the mortgage bankers.

Advantages of Doral FHA Mortgages

With a minimal down of only 3.5% and its assumable terms of borrowing, Doral FHA mortgage loans are one of the best options for FTHB today. Even clients with below average credit history can simply select a Doral FHA home loan.

Disadvantages of a Doral FHA Home Mortgage Loan

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

Requirements to Get Approved for an FHA Home Mortgage Loan

To ensure you qualify for a Doral FHA home loan, you must be a legal citizen of the U.S. with a steady job. In addition, as the FHA only accepts selected mortgage bankers for their home loan insurance, you can’t apply online for a Doral FHA home loan from every money lender. Even after you find the right home loan from every money lender, an FHA home loan is only sanctioned if the home you wish to purchase has been approved by the Federal Housing Administration.

Maximum Limits of a Doral FHA Mortgage

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

How to Obtain a Doral FHA Home Mortgage?

If you would like to get a Doral FHA mortgage, contact First Nationwide Lending, where we can provide you with more information regarding these mortgage loans and clarify your query to simplify the process of buying your new home.

 

Contact Us

map

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

Latest News