FHA Loan Limit Increases your Buying Power!
Visit this link to check out new FHA Loan limits in the Central Florida counties you're interested in:
https://entp.hud.gov/idapp/html/hicost1.cfm
What are the basic eligibility requirements for FHA financing?
FHA insures mortgages made by approved lenders to individuals and non-profit and government agencies that are approved to participate in HUD's programs; HUD does not loan money to homebuyers.Generally, to be eligible for an FHA loan, you must have a valid social security number and have lawful residency in the United States and be of a legal age to sign on a mortgage in your state. Lenders will verify income, assets, liabilities, and credit history for all parties on the loan. With an FHA loan, you cannot take an ownership interest in a property without qualifying for the loan.
Buy with as little as 3% Down and utilize downpayment assistance if necessary. Homeownership just became easier! Visit an Engle Homes Sales Professional for more details!
www.englesbest.com
