Florida FHA
With the resurgence of FHA home loans in Florida, many home owners and future home buyers are wondering if they can benefit from an FHA loan. When buying a Florida home, FHA offers a great loan option for borrowers looking for a low down payment requirement and a low fixed interest rate.On refinances, the truth is that you may or may not benefit by converting your existing loan into an FHA loan when you refinance.
Some of the factors that can determine if an FHA loan is right for you:
- Loan To Value
- Home Value
- Size of Existing Loan
- Credit Score
- Amount of Cash You Want to Take Out
With the many changes that have occurred with FHA loans, it is possible that even if you didn’t qualify six months ago, there may be a loan program that is right for you.
One of our mortgage professionals can help you determine if a Florida FHA loan is right for you and your family. Whether you are purchasing a new Florida home or refinancing an existing one, we have you covered!
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Jason Gonzalez has written 13 articles on Purchase Florida
