Different Mortgage Loans FHA

Dated: 11/08/2018

Views: 93

. Yesterday I talked to you about conventional loans. Today I'm going to talk about FHA loans. 

FHA loans are great for people that are looking for lower down payment requirements and have some flexible qualifications.  This program is great for first time home buyers. You also qualify with lower credit scores than you would with a conventional loan. 

You will have a monthly payment that will include an escrow for taxes, insurance, and mortgage insurance. Before mortgage insurance would go away once you had reached 20% loan to the original purchase price, that's no longer the case. Mortgage insurance is on now for the life of the loan.

FHA loans

  1. offer low downpayment

  2. get a loan with just 3.5% down payment

  3. you could use monetary gifts for down payment or closing cost

  4. you don't have any prepayment penalties if you pay off your home early

  5. finance up to $288,900, this is area based.

Orlando Ayala, PA
Multi-Million Dollar Producer
La Rosa Realty, LLC
Clr   813-384-8211
Fax  813-283-1595


"Turning Your Dreams Into Reality"

Please connect with me on:
*If you are currently listed/working with another licensed Real Estate Broker, this is it not intended as a solicitation.*

Want to Advertise on this Site?

Latest Blog Posts

Commercial Listings In Pasco County Florida

Are you looking to expand your business in Pasco County Florida? Need commercial space?  Inventory is tight. Let's talk and see how I could help you turn your dreams of expanding or

Read More

Commerical Property Listings In Tampa

Are you looking to expand your business?  What kind of commercial space do you need? Commercial properties are at a premium in the Tampa area. Click here for the latest listings.Orlando

Read More

Latest Home Inventory Tampa

Wondering how the Tampa market is doing? Well, inventory is down. During the last two weeks, I've seen decreases in inventory for the Carrollwood, Northdale, Westchase area. We haven't hit

Read More

Westchase Northdale Area Home Values Tampa

Do you know the value of the homes in the Westchase/Northdale area? Check out what homes are going for?  Click here to find out.Call me for more info, btw, last week I ran inventory for

Read More