West Palm Beach FHA Loans

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West Palm Beach FHA home mortgage loans allow borrowers to obtain an easy mortgage for your house. The federal government insures these home mortgage loans via the FHA to ensure homeowners to obtain home mortgage loans with limited requirements and to provide security to the banker. If an FHA mortgagor misses his commitments, the government insurance covers the loss of the mortgage bankers.

Advantages of West Palm Beach FHA Home Mortgages

With a low down payment of about 3.5% and its assumable terms of borrowing, West Palm Beach FHA home mortgage loans are one of the best options for FTHB in today’s market. Even individuals with below average credit history can simply choose a West Palm Beach FHA mortgage.

Drawbacks of a West Palm Beach FHA Mortgage Loan

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

Necessities to Get Qualified for an FHA Mortgage Loan

To ensure you qualify for a West Palm Beach FHA mortgage, you must be a legal citizen of the USA with a steady job. In addition, as the FHA only accepts selected mortgage bankers for their mortgage insurance, you can’t process a loan application for a West Palm Beach FHA mortgage from every banker. Even after you find the best mortgage from every banker, an FHA mortgage is only acceptable if the property you wish to buy has been approved by the Federal Housing Administration.

Maximum Loan Amounts of an West Palm Beach FHA Mortgage Loan

The maximum 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 Get a West Palm Beach FHA Mortgage Loan?

If you would like to get a West Palm Beach 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

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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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