Found 3 blog entries tagged as fha.

FHA Mortgage in Jacksonville May Start the End of The Current Real Estate Dip

What is the FHA?

FHA stands for the Federal Housing Administration.  The FHA actually doesn't make the loan but insures the loan to the lender who is loaning the money.  Since the lender is being insured against loosing their money they are able to offer FHA borrowers easier qualifying terms and lower down payment requirements.

Low Down Payment

As a FHA Borrower you can work with as little as 3% down.  What is great is this 3% can come as a "gift" from family, non-profit charities and even an employer.

Don't Have Great Credit?  That's OK

The purpose of the FHA is to increase housing ownership.  So often borrowers who can't qualify for a conventional loan can…

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As a potential home buyer, you may or may not understand the benefits of an FHA mortgage loan. Using an FHA loan to purchase a St. Augustine property is a good idea for many reasons. With lower interest rates than most conventional loans, less strict qualification guidelines, and down payment grant programs available to those who qualify, FHA mortgage loans can even make home ownership possible for those with less than perfect credit or for buyers with limited or no money for a down payment. If you dream of owning a home, it is possible that an FHA loan is the right choice for you.

What Is An FHA Loan?

An FHA mortgage loan is a loan which is insured by the FHA, or Federal Housing Authority. These loans are issued through private lenders based on a set…

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Buyers can now buy a more expensive home in Jacksonville and Ponte Vedra Beach with less money down and lower credit score!

New rates are for loans obtained on July 1, 2008 or later and must close no later than Dec 31, 2008.

New FHA Maximum Loan Limits for Northeast Florida Counties:


Single-Family FHA Loan Limit is now $387,500 for Duval County Real Estate.


Single-Family FHA Loan Limit is now $387,500 for St. Johns County Real Estate.


Single-Family FHA Loan Limit is now $387,500 for Clay County Real Estate.


Single-Family FHA Loan Limit is now $387,500 for Nassau County Real Estate.


Single-Family FHA Loan Limit is now $387,500 for Baker County Real Estate.


This is an increase of $93,000 from the old FHA maximum loan limit of…

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