Hallandale Beach FHA Loans

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Hallandale Beach FHA mortgages allow borrowers to obtain an easy home mortgage for your house. The federal government insures these mortgages through the FHA Department to enable home owners to obtain mortgages on relaxed conditions and to provide security to the money lender. If a person does not make his payments, the mortgage insurance covers the loss of the lenders.

Benefits of Hallandale Beach FHA Loans

With a low down payment of just 3.5% and its flexible terms of borrowing, Hallandale Beach FHA mortgages are a viable option for first home buyers in today’s market. Even clients with bad credit history can easily choose a Hallandale Beach FHA home mortgage.

Disadvantages of a Hallandale Beach FHA Home Loan

However with the benefits of easy accessibility comes the negatives that you have to pay a little extra on your regular home mortgage payments to make up for the Mortgage Insurance Premium (MIP).

Requirements to Get Approved for an FHA Home Mortgage

To ensure you qualify for a Hallandale Beach FHA home mortgage, you need to be a legal citizen of the U.S. with gainful employment. In addition, as the FHA department only approves selected lenders for their home mortgage insurance, you can’t apply for a Hallandale Beach FHA home mortgage from every money lender. Even after you locate the perfect home mortgage from every money lender, an FHA home mortgage is only sanctioned if the property you are requesting to buy has been approved by the Federal Housing Administration.

Extent of a Hallandale Beach FHA Mortgage

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

How to Get a Hallandale Beach FHA Mortgage Loan?

If you would like to obtain a Hallandale Beach 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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