Posted by The Upfront Mortgage Broker in Florida- FHA Loans Are The Easiest To Get Today
– Posted by The Upfront Mortgage Broker in Florida –
- Most people know that Federal Housing Administration (FHA) loans have been around for a long time. The question now is why are they garnering all this attention to what had been considered a government sponsored program for first-time home buyers?
- The Washington Post published an article in June 2008 that outlined the situation as follows: “Demand for these once-neglected mortgages has surged because they do not require the hefty down payments or stellar credit scores that lenders have come to expect from borrowers. In addition, the amount of money people can borrow on these loans went up dramatically this year, and many homeowners have found them attractive for refinancing.”
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Top reasons to consider an FHA Loan from The Upfront Mortgage Broker , Joe Bartolotta now:
- 1. You only need 3% down.
Borrowers may qualify with as little as 3% of their own funds into the loan for Purchase loans; or on a Refinance you can borrow up to 97% of your home’s value. Your down payment may also come from a family member, employer or charitable organization as a gift. Other loan programs don’t allow this practice.
2. Don’t feel locked in to your current Adjustable Rate Mortgage (ARM).
You do not need to have an existing FHA loan to refinance into an FHA loan type. FHA gives homeowners with non-FHA adjustable rate mortgages (ARMs) the ability to refinance into an FHA-insured, fixed rate loan.
3. It is easier to qualify than you think.
You can qualify with less than perfect credit. And with the temporary increase in FHA loan limits, if you live in a high-cost area (not available in Fl), loan sizes can be as high as $729,750.
- How can I help you?
There are many good reasons to choose an FHA loan. I work with many approved and experienced FHA lenders. I will work with you to help you determine which mortgage fits your needs. So whether it is a traditional loan or a government insured FHA loan — it is good to know your options. I am here to help.
- If you have any questions about this post or need to talk about a specific situation, I encourage you to contact me today.
- Respectfully, Joe Bartolotta
The Florida Upfront Mortgage Broker
No Charge Mortgage Consultations
Residential, Commercial & Reverse Mortgages
Direct 407.340.0220
Joe (at) the upfront mortgage broker (dot) com
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