Financing Information

Interested in buying a house that will need work, but want to avoid going through the hassle of getting two separate loans.
Need extra financing to improve newly purchased property.

FHA financing.

FHA’s Loan Limit for Broward County single family is $423,750.00
You have to put down 3.5% of your own funds into the transaction (which can all be a gift)
The New Up Front Mortgage insurance (financed is 1.75% on purchases).
Sellers can contribute 6% towards Seller closing costs and prepaids.

FHA Mortgage Limits for your Area

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