Pinellas Park FHA Loans

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Pinellas Park FHA mortgages permit you to get an easy home loan for your house. The federal government insures these mortgages via the FHA Department to ensure homeowners to get mortgages with limited requirements and to provide security to the mortgage banker. If a person misses his payments, the mortgage insurance covers the loss of the banks.

Advantages of Pinellas Park FHA Mortgages

With a minimal down payment of just 3.5% and its easy terms of borrowing, Pinellas Park FHA mortgages become one of the best options for FTHB in today’s market. Even borrowers with below average credit scores can simply select a Pinellas Park FHA home loan.

Drawbacks of a Pinellas Park FHA Home Loan

However with the benefits of easy accessibility comes the drawbacks that you have to pay a little extra on your monthly home loan payments to cover the MIP.

Guidelines to Get Approved for an FHA Home Mortgage Loan

In order to meet the requirements for a Pinellas Park FHA mortgage, you need to be a legal citizen of the USA with a steady job. Moreover, as the FHA department only approves selected banks for their home loan insurance, you can not apply for a Pinellas Park FHA home loan from every mortgage banker. Even after you locate the perfect home loan from every mortgage banker, an FHA home loan is only acceptable if the property you wish to purchase has been approved by the FHA department.

Extent of a Pinellas Park FHA Home Mortgage

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

How to Get a Pinellas Park FHA Home Mortgage?

If you would like to obtain a Pinellas Park FHA home 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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