Palm Beach Gardens FHA Loans

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Palm Beach Gardens FHA mortgages permit you to obtain an easy home mortgage loan for your house. The United States federal government insures these mortgages through the Federal Housing Administration (FHA) to enable home owners to obtain mortgages with limited requirements and to provide security to the lender. If a borrower doesn’t pay his commitments, the government insurance covers the loss of the mortgage lenders.

Benefits of Palm Beach Gardens FHA Home Mortgage Loans

With a minimal down of about 3.5% and its easy terms of borrowing, Palm Beach Gardens FHA mortgages become one of the best options for first home buyers in today’s market. Even borrowers with less than perfect credit history can simply select a Palm Beach Gardens FHA home mortgage loan.

Disadvantages of a Palm Beach Gardens FHA Loan

With the benefits of easy access comes the disadvantages that you will have to pay a little extra on your regular home mortgage loan payments to make up for the MI.

Requirements to Get Qualified for an FHA Mortgage

In order to qualify for a Palm Beach Gardens FHA home loan, you need to be a legal citizen of the USA with a steady job. In addition, as the FHA department only approves selected mortgage lenders for their home mortgage loan insurance, you can not apply online for a Palm Beach Gardens FHA home mortgage loan from every lender. Even after you locate the right home mortgage loan from every lender, an FHA home mortgage loan is only sanctioned if the house you wish to buy has been approved by the department of Federal Housing Administration.

Extent of a Palm Beach Gardens FHA Mortgage Loan

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

How to Obtain a Palm Beach Gardens FHA Home Mortgage Loan?

If you would like to get a Palm Beach Gardens FHA loan, 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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