TAMPA FHA MORTGAGE LOANS ARE EASY TO QUALIFY & EASY TO AFFORD-The Federal Housing Administration (FHA) insures FHA mortgage loans against default as a way to help first-time home buyers, as well as lower and middle-income citizens. Unlike traditional mortgages, FHA loans require lower down payments and easier credit requirements to secure a loan.
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All USDA loans (purchase and refinance) require a one-time Guarantee Fee that is added to the borrower’s loan. The current amount of the USDA guarantee fee is 1%. Example – if a borrower was purchasing a home 100% financing for $150,000, the adjusted loan amount with the 1% USDA guarantee fee would be $151,500.
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fha loan limit s in Florida | FHALoans.guide – How to qualify for an FHA Loan in Florida? To qualify for an FHA loan in Florida, your home loan must be below the local FHA loan limits in your area. The maximum loan limit in Florida is $1,017,300 for a 4 living-unit home.The minimum loan limit is $5,000.
USDA Loans for First Time Home Buyers. The second part of the guarantee fee is the monthly premium which is 0.50% of your loan amount (calculated annually, but paid monthly). This amount adjusts each year as your loan balance goes down (as the loan amount decreases the 0.50% x your loan balance will be cheaper).
Tampa FHA Loan FHA Loans In Tampa – Foundation Mortgage Corporation – Local Miami Mortgage Company – Serving Tampa’s FHA Mortgage Needs Since 1998. Foundation Mortgage Corporation is an A+ rated independent Mortgage Bank based in Miami Beach, Florida.
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