Pinellas Park FHA Loans

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Pinellas Park FHA mortgages permit you to obtain an easy mortgage loan for your property. The US federal government insures these mortgages through the Federal Housing Administration (FHA) to enable home owners to obtain mortgages with limited conditions and to provide security to the mortgage banker. If an individual does not make his payments, the MI covers the loss of the mortgage bankers.

Benefits of Pinellas Park FHA Home Mortgages

With a low down of only 3.5% and its great terms of borrowing, Pinellas Park FHA mortgages are a viable option for first home buyers in today’s market. Even borrowers with bad credit history can easily opt for a Pinellas Park FHA mortgage loan.

Negatives Features of a Pinellas Park FHA Loan

However with the benefits of easy accessibility comes the negatives that you have to pay a little more on your monthly mortgage loan payments to make up for the Mortgage Insurance.

Guidelines to Get Approved for an FHA Home Mortgage

In order to meet the requirements for a Pinellas Park FHA home mortgage, you need to be a legal citizen of the Unites States with gainful employment. In addition, as the FHA department only accepts selected mortgage bankers for their mortgage loan insurance, you can not process a loan application for a Pinellas Park FHA mortgage loan from every mortgage banker. Even after you find the best mortgage loan from every mortgage banker, an FHA mortgage loan is only acceptable if the property you wish to purchase has been approved by the Federal Housing Administration.

Extent of a Pinellas Park FHA Home Loan

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

How to Obtain a Pinellas Park FHA Loan?

If you would like to get a Pinellas Park FHA mortgage loan, contact First Nationwide Lending, where we can provide you with more information regarding these mortgages and clarify your query to speed up 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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