Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 575 5392
Call Today!

Listing Search

FHA LOAN LIMITS INCREASE DR PHILLIPS HOMES FOR SALE | 32819 | 32836 | Dr Phillips

NEXT
PREV

FHA LOAN LIMITS INCREASE

Good news for buying a home or Real Estate for Federal Housing Assistance Loans (FHA)! The loan limit increased in 2021 in most areas to min 356,287 depending on which county you live in. The high cost areas such as examples California and Hawaii is now 726,525 from 679,650. Just over 180 counties will remain the same in Florida. Also HECM FHA Loans will increase to 679,650.

STANDARDS

Under these standards this means that a buyer using this loan could qualify for more home provided they meet lender requirements.  As the housing market rises, this adjustment helped pass a new bill. However mortgage insurance premium (MIP) is still required. This is a result in rising home market prices.

This type of FHA loan is a common and popular first time buyer type loan, resulting lower down payment comparison to a conventional loan. Requirements are minimal 580 FICO score with 3.5% down payment. Generally 500-579 FICO Score 10% down, 43% debt to income ratio, primary residence and proof of employment with consistent job history. Primary residence means that you occupy the home purchased.

You do not have to be a US Citizen, however you must prove that you are legally in the United States. Aliens and nonresidents aliens application's are allowed.

IN SUMMARY

This type of loan is insured by the Federal Housing Administration. Many borrowers that have filed bankruptcy and foreclosures may qualify for such a loan easier than a conventional loan. You can pay off early without being penalized.

FHA offers an adjustable rate mortgage (ARM) which is much different than a 30 year fixed FHA Loan. This type of loan offers a lower monthly rate and adjust as the years advance. You must be wise and knowledgeable once using this type of loan. As for searching for Florida Real Estate, I am one of the Central Florida's most finest Florida Realtor's you can find. As your trusted advisor and professional realtor you can contact me today at 850 496-6412. Facebook Kevin Sells Florida and Kevin Selling Florida. Serving Dr Phillips and Central Florida. Click here to learn more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html


  • FHA LOAN LIMITS INCREASE DR PHILLIPS HOMES FOR SALE | 32819 | 32836 | Dr Phillips
  • FHA LOAN LIMITS INCREASE DR PHILLIPS HOMES FOR SALE | 32819 | 32836 | Dr Phillips

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 1/30/23 6:19 AM) |
Featured Listings
Orlando Real Estate
$235,000
2 BED
2.5 BATH
DR PHILLIPS AREA Prime Location! MARBELLA AT UNIVERSAL FOR SALE! TLC SPECIAL: You need to bring your personal touch to m... Read More
Orlando Real Estate
$950,000
6 BED
5 BATH
Exceptional Dr Phillips home in the gated community of Kensington Park with a heated POOL & SPA in your private backyard... Read More
Orlando Real Estate
$424,900
3 BED
2 BATH
MULTIPLE OFFERS, HIGHEST & BEST BY 6PM SUNDAY, JAN. 29TH. Move-in Ready in a Fantastic Location, bordering Windermere... Read More
Orlando Real Estate
$1,250,000
5 BED
4 BATH
Classic Bay Hill home has now hit the market. This 5 bedroom 4 bathroom modern farmhouse style home in one of Orlando's ... Read More
Orlando Real Estate
$445,000
3 BED
2.5 BATH
HUGE PRICE ADJUSTMENT!! Move in ready! Opportunity to own a townhouse, in beautiful and desired Dr. Phillips area. Loc... Read More
Orlando Real Estate
$1,050,000
4 BED
3.5 BATH
Move-In Ready - Beautiful 4000 Sq Ft HOME with 4 BR 3.5 Bath *3 CAR Tandem Garage * Exceptional Home in lakefront gated... Read More
Orlando Real Estate
$549,900
4 BED
3.5 BATH
Fantastic Location with Rare combination of Cul-De-Sac, conservation and pond view. Corner lot, no neighbor on 3 sides... Read More
Orlando Real Estate
$1,175,000
4 BED
4.5 BATH
Realtors own home nicely updated, one of Torey Pines finest. Lot is also one of the biggest consisting of .76 acres. Ho... Read More
Orlando Real Estate
$1,200,000
5 BED
4.5 BATH
Beautiful two stories single family with 5 bedrooms (upstairs master room), 4 and a half bathrooms, living room, huge... Read More
Orlando Real Estate
$285,000
2 BED
2 BATH
PRICE REDUCED IN DR PHILLIPS AREA, MUST SEE, completely remodeled property to meet the highest expectations, New floo... Read More
Contact Kevin Strawter

407 575 5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2023 drphillips.info - all rights reserved. | Site Map | FHA LOAN LIMITS INCREASE DR PHILLIPS HOMES FOR SALE | 32819 | 32836 | Dr Phillips