Fort Myers FHA Loans

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Fort Myers FL FHA loans permit clients to get an easy mortgage loan for your property. The United States federal government insures these loans via the Federal Housing Administration (FHA) to enable home owners to get loans with limited conditions and to provide security to the mortgage lender. If an FHA mortgagor doesn’t pay his commitments, the mortgage insurance covers the loss of the mortgage bankers.

Advantages of Fort Myers FHA Mortgages

With a minimal down of just 3.5% and its assumable terms of borrowing, Fort Myers FL FHA loans are one of the best options for FTHB today. Even people with less than perfect credit history can easily opt for a Fort Myers FL FHA mortgage loan.

Drawbacks of a Fort Myers FL FHA Mortgage

However with the benefits of easy access comes the negatives that you have to pay a little extra on your monthly mortgage loan payments to make up for the Mortgage Insurance.

Necessities to Qualify for an FHA Mortgage

In order to meet the requirements for a Fort Myers FL FHA mortgage loan, you need to be a legal citizen of the USA with a steady job. In addition, as the FHA department only approves selected mortgage bankers for their mortgage loan insurance, you can not apply for a Fort Myers FL FHA mortgage loan from every mortgage lender. Even after you locate the best mortgage loan from every mortgage lender, an FHA mortgage loan is only sanctioned if the home you are requesting to buy has been approved by the Federal Housing Administration.

Extent of a Fort Myers FHA Mortgage

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

How to Get a Fort Myers FHA Mortgage?

If you would like to obtain a Fort Myers FL FHA mortgage loan, contact First Nationwide Lending, where we can provide you with more information regarding these 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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