Back in August FHA announced they were reducing mortgage limits which would have been a detriment to our real estate market here in Tampa.
I’m happy to provide you with current FHA loan requirements which fortunately did not change. Please check with your loan officer for details on how to qualify for an FHA mortgage, which currently is the best option for most home buyers with little money down. Or you can send us a message if you’d like to be contacted to get pre-qualified.
HILLSBOROUGH COUNTY $ 292,500
PINELLAS COUNTY $ 292,500
PASCO COUNTY $ 292,500
What are the eligibility requirements to obtain an FHA loan?
- The borrower must meet standard FHA credit qualifications.
- The borrower is eligible for approximately 96.5% financing. The borrower is able to finance the upfront mortgage insurance premium into the mortgage. The borrower will also be responsible for paying an annual premium.
- Eligible properties are one-to-four unit structures.
- Tampa Real Estate Investing: 10 Reasons Buying In Florida Is A No-Brainer! (thetamparealestateinsider.com)