tgr_haka
Joined: 10 Aug 2011
Posts: 3
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 Posted: Wed Aug 10, 2011 4:39 pm Post subject: The Advantages of Florida FHA Mortgages |
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In many regions of the US such as Florida, Florida FHA Mortgages have not been utilized for years, so a lot of real estate agents and mortgage originators aren't familiar with this great resource. The following are a just a few of the recent changes that have made Florida FHA Mortgages a more attractive option again for some consumers looking to buy a new home or refinance an existing one:
1) Congress passed the Stimulus Act of 2008. During the recent housing boom, home values surpassed Florida FHA Mortgage limits in many regions of the US. The recent enactment of this important legislation, however, increased Florida FHA Mortgage limits up to $729,500 in many high-cost regions of the US through the end of the year. Florida FHA Home Mortgage Loans limits vary by county, so give us a call for loan limits in your area.
2) The FHA changed its appraisal and fee negotiating guidelines. In the past, many sellers steered clear of Florida FHA Mortgages because the appraisals were too strict and certain fees were non-negotiable. The FHA has greatly loosened these guidelines to make it easier for both buyers and sellers.
3) Florida FHA Mortgages are much cheaper now. Because Florida FHA Home Mortgage Loans are federally insured, they tend to trade at a higher premium in the secondary market. This means lenders can often charge a lower rate.
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Florida FHA Mortgages |
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