We were showing property this week to a buyer looking for a home priced under $500K … Let me tell you – There are SO many well-priced (nice) homes in Miami available for under $500K right now.
Because of the pricepoint for these buyers we are working with, an FHA loan is an option.
And we wanted to post a blog for your benefit … and for others of you who might looking to buy … who might be in a similar situation:
The current loan limit on FHA loans in Florida for both Miami-Dade and Broward counties is $423,750.00 for single family homes.
In a prior post on MiamiRealEstateCafe.com we mentioned that FHA loans are not limited to first-time home buyers.
That’s true. FHA isn’t limited to first-time home buyers…. and that makes it a viable option for many who are looking to buy a home.
FHA loans are available to qualified individuals looking to finance a home purchase … up to $423,750.00 … with a loan amount of up to 96.7% of the purchase price … and a downpayment of 3.5% in Miami-Dade and Broward countires.
Call us when you’re ready to move … Whether you’re buying or selling or relocating, we look forward to helping to make your next move a good one. Vicki & Alexandra Restivo … The Restivo Team … EWM Realtors. Direct number: 305 793-1365 E-mail: restivo.v@ewm.com
