– Florida FHA loan requirements for 2019 have changed.. Getting the lowest FHA mortgage rates is often a challenging task for first time home.
The most popular fha home loan is the fixed-rate loan known as the 203(b). It often works well for first time home buyers. It allows individuals to finance up to 96.5% of their home loan and helps to keep down payments and closing costs.
– There are two kinds of FHA rehabilitation loans offered to borrowers who want to buy or refinance a home at the same time they get funding to repair, remodel, or renovate. These FHA mortgages are known as FHA 203(k) Rehab loans and FHA 203(h) rehab loans.