Florida FHA Loan



The FHA mortgage loan is a mortgage program that is sponsored by the Federal Housing Administration (FHA). It is targeted for virtually all borrowers, which explains why in Florida you can apply for it and qualify even if you want to purchase a luxury home. The limit varies from one county to another with the lowest amount being $275,665 and the highest being $529,000. With that amount, you can totally own a luxurious home. And we here at Moreira Team would like to make that dream come true. Contact us and tell us where you want to settle and we will help you get the maximum amount possible for that area. Our Florida FHA loan rates are the best in the state and come with so many benefits. They include:

  • Easy refinancing: with a Florida FHA loan, you can refinance your mortgage very easily when the time comes. If you are short on cash, you can take the popular cash out refinance option. Otherwise, you may still consider switching from a fixed-rate mortgage (FRM) to an adjustable-rate mortgage (ARM) and vice versa, or refinance from FHA to VA and vice versa. Either way, you will get a chance to lower your interest rates.
  • Easier qualification: the fact that FHA loans are backed by the Federal Government through the FHA gives lenders the confidence to loosen their lending requirements. For instance, you can qualify with a credit score of 580 and down payment of 3.5%. Of course, that is because it is the government that shoulders most of the risk, not the lenders.
  • Flexible lending terms: you can get a FHA loan as a FRM or an ARM.

Get started on your FHA loan today with Moreira Team. We have fantastic Florida FHA loan rates for our customers. Take advantage today and enjoy the benefits that come with a FHA mortgage loan.



Florida City Mortgage Service Areas