Plant City FHA Loans

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Plant City Florida FHA mortgages allow clients to obtain an easy mortgage for your property. The US federal government insures these mortgages via the FHA to enable homeowners to obtain mortgages with limited conditions and to provide security to the mortgage lender. If an individual does not make his commitments, the government insurance covers the loss of the lenders.

Advantages of Plant City FHA Mortgages

With a minimal down of just 3.5% and its flexible terms of borrowing, Plant City FHA mortgages become a viable option for FTHB in today’s market. Even borrowers with below average credit scores can easily opt for a Plant City FHA mortgage.

Drawbacks of a Plant City FHA Home Mortgage Loan

With the benefits of easy accessibility comes the disadvantages that you have to pay a little more on your regular mortgage payments to make up for the MI.

Guidelines to Get Qualified for an FHA Mortgage

In order to qualify for a Plant City FHA home mortgage, you must be a legal citizen of the U.S. with gainful employment. Moreover, as the FHA only accepts selected lenders for their mortgage insurance, you can’t apply online for a Plant City FHA mortgage from every mortgage lender. Even after you find the perfect mortgage from every mortgage lender, an FHA mortgage is only sanctioned if the house you are requesting to purchase has been approved by the Federal Housing Administration.

Extent of a Plant City FHA Home Loan

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

How to Get a Plant City FHA Mortgage?

If you wish to obtain a Plant City 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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