Palm Harbor FHA Loans

apply-now-today

Palm Harbor FL FHA mortgages permit clients to get an easy mortgage for your property. The United States federal government insures these mortgages via the FHA Department to enable homeowners to get mortgages with limited requirements and to provide security to the mortgage lender. If a borrower misses his commitments, the MI covers the loss of the lenders.

Positives of Palm Harbor FHA Loans

With a limited down of just 3.5% and its flexible terms of borrowing, Palm Harbor FHA mortgages are a viable option for FTHB today. Even clients with bad credit scores can easily choose a Palm Harbor FHA mortgage.

Negatives Features of a Palm Harbor FHA Mortgage Loan

However with the benefits of easy accessibility comes the drawbacks that you have to pay a little extra on your monthly mortgage payments to cover the Mortgage Insurance.

Requirements to Get Qualified for an FHA Loan

To ensure you qualify for a Palm Harbor FHA home loan, you must be a legal citizen of the USA with gainful employment. In addition, as the FHA department only approves selected lenders for their mortgage insurance, you can’t apply for a Palm Harbor FHA mortgage from every mortgage lender. Even after you locate the right mortgage from every mortgage lender, an FHA mortgage is only sanctioned if the house you are requesting to buy has been approved by the FHA department.

Maximum Limits of a Palm Harbor FHA Mortgage Loan

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

How to Get a Palm Harbor FHA Loan?

If you would like to get a Palm Harbor FHA home mortgage, contact 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

map

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

Latest News