Plantation FHA Loans

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Plantation FHA home mortgages allow you to get an easy home mortgage for your home. The federal government insures these home mortgages via the FHA Department to ensure homeowners to get home mortgages on relaxed conditions and to provide security to the mortgage banker. If a person defaults on his commitments, the government insurance covers the loss of the banks.

Benefits of Plantation FHA Home Mortgages

With a minimal down payment of just 3.5% and its great terms of borrowing, Plantation FHA home mortgages become one of the best options for first home buyers in today’s market. Even borrowers with bad credit scores can easily choose a Plantation FHA home mortgage.

Disadvantages of a Plantation FHA Mortgage

With the benefits of easy accessibility comes the disadvantages that you have to pay a little extra on your monthly home mortgage payments to make up for the MIP.

Requirements to Qualify for an FHA Home Mortgage Loan

In order to qualify for a Plantation FHA mortgage, you must be a legal citizen of the Unites States with gainful employment. Moreover, as the FHA department only accepts selected banks for their home mortgage insurance, you can not apply for a Plantation FHA home mortgage from every mortgage banker. Even after you locate the right home mortgage from every mortgage banker, an FHA home mortgage is only sanctioned if the home you wish to buy has been authorized by the FHA department.

Extent of a Plantation FHA Mortgage Loan

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

How to Obtain a Plantation FHA Mortgage Loan?

If you wish to get a Plantation FHA mortgage loan, contact us at the First Nationwide Lending, where we can provide you with more information regarding these home 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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