Jupiter FHA Loans

apply-now-today

Jupiter Florida FHA mortgages allow you to obtain an easy loan for your home. The federal government insures these mortgages via the FHA to ensure homeowners to obtain mortgages with limited requirements and to provide security to the lender. If an individual does not make his commitments, the MI covers the loss of the lenders.

Benefits of Jupiter FHA Home Mortgage Loans

With a low down of only 3.5% and its easy terms of borrowing, Jupiter FHA mortgages become one of the best options for first home buyers today. Even individuals with less than perfect credit scores can simply opt for a Jupiter FHA loan.

Drawbacks of a Jupiter FHA Mortgage

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

Necessities to Qualify for an FHA Home Mortgage Loan

In order to meet the requirements for a Jupiter FHA home loan, you must be a legal citizen of the U.S. with gainful employment. In addition, as the FHA only accepts selected lenders for their loan insurance, you can not apply online for a Jupiter FHA loan from every lender. Even after you find the best loan from every lender, an FHA loan is only acceptable if the property you wish to purchase has been authorized by the department of Federal Housing Administration.

Extent of a Jupiter FHA Loan

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

How to Obtain a Jupiter FHA Home Mortgage Loan?

If you wish to obtain a Jupiter FHA mortgage loan, contact us at the 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

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News