Dunedin FHA Loans

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Dunedin Florida FHA mortgages allow borrowers to obtain an easy home loan for your house. The US federal government insures these mortgages via the Federal Housing Administration (FHA) to enable home owners to obtain mortgages with limited conditions and to provide security to the mortgage lender. If an individual misses his commitments, the government insurance covers the loss of the money lenders.

Pros of Dunedin FHA Loans

With a low down payment of about 3.5% and its great terms of borrowing, Dunedin FHA mortgages become a viable option for first home buyers in today’s market. Even individuals with less than perfect credit scores can easily choose a Dunedin FHA home loan.

Negatives Features of a Dunedin FHA Home Mortgage

However with the benefits of easy access comes the negatives that you will have to pay a little extra on your regular home loan payments to cover the Mortgage Insurance.

Requirements to Get Qualified for an FHA Home Loan

To ensure you qualify for a Dunedin FHA home mortgage, you need to be a legal citizen of the Unites States with a steady job. Moreover, as the FHA department only accepts selected money lenders for their home loan insurance, you can not process a loan application for a Dunedin FHA home loan from every mortgage lender. Even after you locate the right home loan from every mortgage 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 Dunedin FHA Home Loan

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

How to Get a Dunedin FHA Home Mortgage?

If you wish to request a Dunedin FHA home mortgage, contact First Nationwide Lending, where we can provide you with more information regarding these mortgages and clarify your query to simplify 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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