Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 479-8583
Call Today!

Listing Search

FHA LOAN LIMITS INCREASE Dr Phillips Homes For Sale 32819|32836|Wendy Morris Realty Dr Phillips

NEXT
PREV

Good news for buying a home or Real Estate for Federal Housing Assistance Loans (FHA)! The loan limit will increase 2019 in most areas to 314,287 from 294,515. The high cost areas such as examples California and Hawaii is 726,525 from 679,650. Just over 180 counties will remain the same. Also HECM FHA Loans will increase to 679,650.

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 loan (FHA) is a common and popular first time buyer type loan, resulting lower down payment than conventional. Requirements are min 580 FICO score with 3.5% down payment. 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 will occupy the home.  You do not have to be a United States citizen, however you must prove that you are legally in the United States. Aliens and nonresident aliens' applications are allowed.

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

FHA offers an adjustable rate mortgage (ARM) which is much different that a fixed 30 year 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 finest Florida Realtor's you can find. Any questions you may have feel free to contact me today at 850 496-6412. Always here to help all families any time of day.

 

 

 

 

 


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 10/17/198:56 PM)
Featured Listings
Orlando Real Estate
$389,900
3 BED
2 BATH
THERE’S NO PLACE LIKE HOME! This stylish three bedroom residence with a den is located in the desired well known Orange ... Read More
Orlando Real Estate
$998,000
4 BED
3 BATH
Located on 13th fairway & centrally located, this classic FL ranch-style home is for sale for the 1st time in 40 years!... Read More
Orlando Real Estate
$135,500
3 BED
2 BATH
Wonderful ownership opportunity in the heart of all Orlando has to offer! Spacious 3-bedroom, 2-bath condominium on th... Read More
Orlando Real Estate
$997,000
5 BED
4.5 BATH
This beautiful lakefront, Mediterranean style home is situated in the desirable Mirabella subdivision of the 24 Hour Gu... Read More
Orlando Real Estate
$550,000
6 BED
4 BATH
This home has recently been painted inside and out with new flooring and light fixtures. It is a beautiful home with lot... Read More
Orlando Real Estate
$475,000
4 BED
3.5 BATH
Highly desired waterfront townhome located in the award-winning upscale guard gated community, Vizcaya. This neighborho... Read More
Orlando Real Estate
$669,000
5 BED
4.5 BATH
LOCATION! LOCATION!! ....Priced to sell.... Gorgeous upgraded home located in Dr. Phillips. Spectacular and incredible l... Read More
Orlando Real Estate
$379,000
3 BED
3 BATH
This lovely home comes 3 bedroom, 3 bath home in the fabulous neighborhood, Diamond Cove. Diamond Cove is in the sough... Read More
Orlando Real Estate
$500,000
2 BED
2 BATH
WOW! UNIQUE PROPERTY, LOOKING FOR THE PERFECT BUYER! If you''re looking to live on 2.5 ACRES OF WATERFRONT PROPERTY IN ... Read More
Orlando Real Estate
$1,092,000
6 BED
4.5 BATH
This home is the epitome of unique style and beauty! Private drive secured by grand double gates greets you as you appro... Read More
Contact Kevin Strawter

407 479-8583

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
14832 Speer Lake Drive
Winter Garden, FL 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2019 drphillips.info - all rights reserved. | Site Map | FHA LOAN LIMITS INCREASE Dr Phillips Homes For Sale 32819|32836|Wendy Morris Realty Dr Phillips