Plant City FHA Loans

apply-now-today

Plant City Florida FHA home mortgage loans allow you to get an easy mortgage loan for your home. The United States federal government insures these home mortgage loans through the FHA to enable home owners to get home mortgage loans on relaxed conditions and to provide security to the banker. If a person defaults on his commitments, the mortgage insurance covers the loss of the banks.

Positives of Plant City FHA Mortgage Loans

With a low down payment of about 3.5% and its flexible terms of borrowing, Plant City FHA home mortgage loans are a viable option for FTHB in today’s market. Even individuals with less than perfect credit history can easily opt for a Plant City FHA mortgage loan.

Negatives Features of a Plant City FHA Home Loan

However with the benefits of easy access comes the disadvantages that you have to pay a little extra on your monthly mortgage loan payments to make up for the MIP.

Necessities to Get Approved for an FHA Home Loan

In order to meet the requirements for a Plant City FHA home mortgage, you need to be a legal citizen of the USA with a steady job. In addition, as the FHA department only accepts selected banks for their mortgage loan insurance, you can’t process a loan application for a Plant City FHA mortgage loan from every banker. Even after you locate the right mortgage loan from every banker, an FHA mortgage loan is only sanctioned if the house you are requesting to purchase has been authorized by the Federal Housing Administration.

Maximum Limits of a Plant City FHA Home Mortgage

The limits of the mortgage amount vary in every state and county of the USA, however, the general maximum mortgage loan amount is approximately $625,000.

How to Get a Plant City FHA Home Loan?

If you would like to request a Plant City FHA loan, contact First Nationwide Lending, where we can provide you with more information regarding these home mortgage loans and clarify your query to speed up 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