Dunedin FHA Loans

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Dunedin FL FHA loans allow clients to obtain an easy home mortgage loan for your property. The federal government insures these loans through the FHA to enable home owners to obtain loans with limited requirements and to provide security to the bank. If an individual misses his payments, the government insurance covers the loss of the money lenders.

Benefits of Dunedin FHA Loans

With a low down of only 3.5% and its easy terms of borrowing, Dunedin FHA loans are one of the best options for FTHB in today’s market. Even individuals with below average credit scores can simply select a Dunedin FHA home mortgage loan.

Drawbacks of a Dunedin FHA Home Mortgage Loan

With the benefits of easy access comes the disadvantages that you will have to pay a little extra on your monthly home mortgage loan payments to make up for the Mortgage Insurance Premium (MIP).

Necessities to Get Qualified for an FHA Mortgage

In order to meet the requirements for a Dunedin FHA home mortgage, you must be a legal citizen of the USA with gainful employment. Moreover, as the FHA only approves selected money lenders for their home mortgage loan insurance, you can’t apply for a Dunedin FHA home mortgage loan from every bank. Even after you locate the perfect home mortgage loan from every bank, an FHA home mortgage loan is only acceptable if the home you are requesting to purchase has been authorized by the FHA department.

Extent of a Dunedin FHA Loan

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

How to Get a Dunedin FHA Mortgage?

If you would like to get a Dunedin FHA home loan, contact First Nationwide Lending, where we can provide you with more information regarding these loans 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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