Lauderhill FHA Loans

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Lauderhill FL FHA home mortgage loans permit clients to get an easy loan for your property. The federal government insures these home mortgage loans through the Federal Housing Administration (FHA) to enable home owners to get home mortgage loans with limited requirements and to provide security to the bank. If an FHA mortgagor misses his payments, the government insurance covers the loss of the bankers.

Pros of Lauderhill FHA Loans

With a minimal down of just 3.5% and its assumable terms of borrowing, Lauderhill FHA home mortgage loans are one of the best options for first home buyers in today’s market. Even people with below average credit scores can simply select a Lauderhill FHA loan.

Negatives Features of a Lauderhill FHA Home Mortgage

With the benefits of easy accessibility comes the disadvantages that you will have to pay a little extra on your regular loan payments to cover the MI.

Requirements to Get Qualified for an FHA Mortgage

In order to meet the requirements for a Lauderhill FHA mortgage, you need to be a legal citizen of the U.S. with a steady job. Moreover, as the FHA department only accepts selected bankers for their loan insurance, you can not apply online for a Lauderhill FHA loan from every bank. Even after you locate the right loan from every bank, an FHA loan is only sanctioned if the home you are requesting to purchase has been approved by the Federal Housing Administration.

Maximum Limits of a Lauderhill FHA Mortgage Loan

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

How to Obtain a Lauderhill FHA Mortgage Loan?

If you would like to obtain a Lauderhill FHA mortgage loan, contact us at the First Nationwide Lending, where we can provide you with more information regarding these home mortgage loans 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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