Fort Myers FHA Loans

apply-now-today

Fort Myers FHA loans permit clients to obtain an easy home mortgage for your home. The United States federal government insures these loans through the FHA to enable homeowners to obtain loans with limited conditions and to provide security to the bank. If a person misses his commitments, the MI covers the loss of the banks.

Positives of Fort Myers FHA Loans

With a low down of just 3.5% and its assumable terms of borrowing, Fort Myers FHA loans become one of the best options for first home buyers in today’s market. Even clients with bad credit scores can simply opt for a Fort Myers FHA home mortgage.

Negatives Features of a Fort Myers FHA Mortgage Loan

However with the benefits of easy accessibility comes the drawbacks that you will have to pay a little more on your regular home mortgage payments to cover the Mortgage Insurance Premium (MIP).

Necessities to Qualify for an FHA Mortgage Loan

In order to qualify for a Fort Myers FHA home mortgage, you must be a legal citizen of the U.S. with a steady job. In addition, as the FHA department only approves selected banks for their home mortgage insurance, you can not apply online for a Fort Myers FHA home mortgage from every bank. Even after you find the right home mortgage from every bank, an FHA home mortgage is only sanctioned if the home you are requesting to purchase has been approved by the FHA department.

Maximum Loan Amounts of a Fort Myers FHA Mortgage Loan

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

How to Get a Fort Myers FHA Mortgage Loan?

If you wish to get a Fort Myers FHA home mortgage, contact us at the First Nationwide Lending, where we can provide you with more information regarding these 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