FHA Home loans Have many advantages, Not only are you able go get a great Florida Mortgage for as little as 3% out of pocket. But, Did you know that  the FHA home loans provide security to homeowners? In cases of financial Hardship, you have a higher probability of NOT losing your home to foreclosure if you have an FHA home loan Vs. having a conventional or Sub-Prime mortgage loan. If you fall behind on an FHA mortgage FHA insured lenders are required to work out a forbearance or repayment plan. And in most cases if you suffered a temporary hardship the lender can use a partial claim to reinstate your mortgage and bring your mortgage current to help you avoid Foreclosure in Florida.. A Partial claim is a one time non interest baring loan used to bring your mortgage current. The lender will put  a non interest baring lien on-you property until you are in a better financial position to pay the one time loan back. With an  FHA home loan the loans are assumable which provides homeowners with another layer of protection. For more information on FHA mortgages for refinancing or purchasing a Florida primary residence, contact us at 800-570-0448

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