The industry has been abuzz with speculation as to whether or not the FHA would choose to increase the claim amount, with many assessing what the increase might mean for the reverse mortgage industry.
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How To Use Suncoast Estates, Lee County, Florida Mortgage Calculator? Enter Home Price: The total sale price of a property negotiated between seller and buyer. Enter Down Payment: The funds you put upfront to get a home loan. This amount can vary from $0 for VA loans, 3.5% for FHA Loans and 20% for conforming mortgages.
Suncoast Mortgage has been South Florida’s devoted hard money lender for over 20 years! Suncoast Mortgage’s reliable hard money loan programs make the process of investment funding fast and convenient and enables clients nationwide with income-producing properties to receive funding in a short period of time with our simplified loan process. A real estate short sale is only one of several options available to lenders when a loan defaults.
When you use an FHA loan, you only need a 3.5% down payment. On a $300,000 property, that’s $10,500. That’s much more affordable for many real estate investors than coming up with a 20% down payment -.
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