Most homebuyers in Pensacola has several financing options when it comes to taking a mortgage on their home. One of the most popular is the Florida FHA mortgage loan. The FHA mortgage loan came into being with the objective of increasing ownership by providing homeowners with a cheaper and more …Read More
FHA Home Loan Information
FHA Streamline Benefits, Rates –
Do you have an FHA insured mortgage on your home? If so you may have the opportunity to refinance with an FHA streamline refinance. The FHA streamline refi makes refinancing easy for Florida homeowners. Unlike other mortgage refinance options, the FHA streamline refinance program offers Florida borrowers with an existing FHA …Read More
Key Largo, Key West FHA Down Payment
FHA (The Federal Housing Administration) which is part of the U.S. Department of Housing and Urban Development (HUD), provides different mortgage programs that helps make homeownership easier for Florida home buyers to purchase with limited credit, down payment and resources. Everyone knows that South Florida real estate is expensive and …Read More
FHA To Reduce Monthly Mortgage Insurance
Housing and Urban Development (HUD) announced today that FHA would REDUCE monthly mortgage insurance fees by more than 1/3, from 1.35% of the loan amount down to .85 percent. The “annual premiums” on FHA mortgages, a very popular financing option for Florida first time home buyers, have increased five times since …Read More
FHA Home Loan Mortgage Payment Calculator
Please be sure to check into the FHA home loan calculator at the bottom right side of your screen. This will help you determine a real FHA mortgage payment with taxes, homeowners insurance and mortgage insurance included. Please note, this does not include any homeowners association dues/fees. The FHA mortgage …Read More
How to Prequalify for an FHA Loan in FL
When you decide it might be time to prequalify for an FHA loan, whether you live in Florida now or plan to move here soon, you might be wondering exactly how you go about that process. How exactly do you get prequalified for an FHA mortgage? Before you move much …Read More
Jacksonville Duval FHA Loan Lender, Application
FHA mortgages are a great choice for Jacksonville home buyers, especially first time home purchasers with limited savings. In this article, we’ll discuss quickly just what Federal Housing Administration (FHA) loans accomplishes and also the wonderful benefits of the FHA program. Initially, it needs to be noted that FHA doesn’t …Read More
FHA Mortgage Loan Requirements
Florida first time home buyers are searching for ways to purchase a home with a minimum down payment. Most conventional loans today require at least 10% down payment, which is out of reach for new buyers trying to enter the housing market for the first time. Enter FHA. The Federal …Read More
FHA Loan Application Pre Approval
Many Florida home buyers today are often in search of a limited down payment loan solution. The FHA mortgage still remain on the top choices for home buyers that have less than 20% down payment. Understanding the FHA loan approval process is very important if you plan on getting an FHA home …Read More
FHA Changing Mortgage Insurance Costs
FHA announced some new changes in regards to monthly Mortgage Insurance Premium (MIP) also more commonly known as PMI. Monthly insurance is currently canceled once the homeowner has been living in the home for 5 years and reached a loan to value of 78% or less. The new FHA MIP …Read More