West Palm Beach FHA Loans

apply-now-today

West Palm Beach Florida FHA home mortgage loans allow borrowers to get an easy mortgage for your home. The United States federal government insures these home mortgage loans via the FHA to enable homeowners to get home mortgage loans with limited conditions and to provide security to the lender. If an FHA mortgagor defaults on his payments, the mortgage insurance covers the loss of the lenders.

Benefits of West Palm Beach FHA Home Loans

With a minimal down of only 3.5% and its flexible terms of borrowing, West Palm Beach Florida FHA home mortgage loans become one of the best options for first home buyers today. Even borrowers with less than perfect credit scores can simply select a West Palm Beach Florida FHA mortgage.

Disadvantages of a West Palm Beach FHA Mortgage

With the benefits of easy accessibility comes the negatives that you will have to pay a little more on your monthly mortgage payments to cover the MIP.

Requirements to Get Qualified for an FHA Mortgage

In order to meet the requirements for a West Palm Beach Florida FHA mortgage, you must be a legal citizen of the Unites States with a steady job. Moreover, as the FHA only accepts selected lenders for their mortgage insurance, you can not process a loan application for a West Palm Beach Florida FHA mortgage from every lender. Even after you locate the perfect mortgage from every lender, an FHA mortgage is only sanctioned if the property you wish to purchase has been approved by the department of Federal Housing Administration.

Extent of an West Palm Beach FHA Mortgage

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

How to Obtain a West Palm Beach FHA Mortgage?

If you would like to obtain a West Palm Beach Florida FHA mortgage, contact us at the First Nationwide Lending, where we can provide you with more information regarding these home mortgage loans and clarify your query to simplify 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