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Port Charlotte FHA Mortgage Limits
The FHA (Federal Housing Administration) is the largest insurer of home loans in the world, backing millions properties for over 80 years. FHA provides mortgage lenders with insurance on all loans funded in refinancing or purchasing a home. Mortgage companies are in a sense protected or insured should a buyer default on their mortgage payment. So what are the current Port Charlotte FHA Mortgage Limits?  Let's take a closer look below at some of the latest FHA requirements and lending limits.
 
With an FHA loan, an applicant could qualify to purchase a home for as little as 3.5% of the property's purchase price! Homebuyers may finance their closing costs within their loan. Port Charlotte approved FHA lenders can provide loan program options that require minimal down payments whether it be FHA, USDA or VA Purchase Loans.  Keep in mind, select locations around Punta Gorda are still eligible for the 100% USDA loan.
 
FHA lending loan limits and restrictions are partially dependent on community restrictions. These are the FHA loan basics:
FHA is allowed to insure loans on amounts up to 115% of the county median house price within that Metropolitan Statistical Area (MSA), but cannot exceed 150% or be lower than ... more

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