FHA Mortgage Loans are in most cases a stepping stone into homeownership. They open the door to borrowers who do not qualify for a conventional mortgage loan or are short in down-payment and closing funds.
The Federal Housing Finance Agency has announced that the maximum FHA loan limits for mortgages increased in the southeastern United State. Current FHA loan limits for 2021 are $331,760.
Low down-payment (3.500%)
Higher debt-to-income (DTI) is allowed
Lower credit/higher DTI borrowers may qualify
No Income Limits or Restrictions on Area
FHA housing options include detached and attached (condos if FHA approved)
Benchmark Mortgage Southeast Partners | 100 Concourse Pkwy Suite 130 | Hoover AL 35244 | 205.994.6052
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