Lakeland FHA Loans

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Lakeland Florida FHA mortgages allow borrowers to obtain an easy home mortgage loan for your property. The US federal government insures these mortgages through the FHA to ensure homeowners to obtain mortgages with limited requirements and to provide security to the bank. If an FHA mortgagor does not make his commitments, the government insurance covers the loss of the bankers.

Benefits of Lakeland FHA Home Loans

With a minimal down payment of about 3.5% and its flexible terms of borrowing, Lakeland FHA mortgages are a viable option for FTHB today. Even people with less than perfect credit history can simply choose a Lakeland FHA home mortgage loan.

Drawbacks of a Lakeland FHA Home Loan

With the benefits of easy access comes the disadvantages that you have to pay a little more on your monthly home mortgage loan payments to cover the MIP.

Guidelines to Get Qualified for an FHA Home Loan

To ensure you meet the requirements for a Lakeland FHA mortgage loan, you must be a legal citizen of the U.S. with gainful employment. In addition, as the FHA department only accepts selected bankers for their home mortgage loan insurance, you can not apply for a Lakeland FHA home mortgage loan from every bank. Even after you find the perfect home mortgage loan from every bank, an FHA home mortgage loan is only sanctioned if the property you wish to buy has been authorized by the FHA department.

Extent of a Lakeland FHA Mortgage

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

How to Obtain a Lakeland FHA Home Mortgage Loan?

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