FHA Home Mortgages - Jacksonville Florida - Low Down Payment
By Leo Namiot - LeoLends.com, More than just great rates
(Canopy Mortgage - Leo Namiot)
If you're looking for a way to finance a new home purchase or refinance your existing mortgage, you might want to consider a Federal Housing Administration (FHA) loan.Important things to know about this option:It is easier to qualify: It is easier to qualify for an FHA loan than for a conventional mortgage, and down payments for most FHA loans are much lower than convention loans – as low as 3.5 percent. Borrowers need credit scores of at least 580 to qualify for the lowest down payments. There are no maximum income limits to qualify for an FHA loan, but you must meet debt-to-income ratio limits and demonstrate adequate income to repay the loan principal. Get More information about FHA Home Mortgages for Jacksonville Florida Area now @CHECKHOMELOANS.comloanDepot Jacksonville, Florida...
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