Naples FHA Mortgage

Naples FHA Mortgage Core Mortgage Financial specializes in Naples FHA Mortgages. We are considered experts in the area of FHA Mortgages in Naples, Florida. Core’s  staff are dedicated to helping our borrowers obtain Naples FHA loans through our massive lender source. Their licensed loan originators are dedicated to helping customers obtain home loans and mortgages at the most competitive rates.

Core Mortgage Financial has Naples FHA Mortgage specialists that service the Naples, Florida area. We take great pride in provide FHA mortgages to all Naples borrowers. We have many different Naples FHA mortgage lenders and will select the lender that best suits your financial needs.

Contact us today using our online form to inquire about a Naples FHA Mortgage.

You can also call our Naples, office on (239) 514-2674 or (855) 554-CORE.

Naples FHA mortgages have upfront mortgage insurance premium fees and annual mortgage insurance premiums. Naples FHA mortgages currently require 3.5% down payment with a maximum loan up to $453,100 without going into Jumbo loan limits. There is an upfront financed mortgage insurance premium of 1.75% of the loan amount if you are putting less than 5% down payment. The annual mortgage insurance premium is .85% which is normally paid into your monthly payment as a MI payment.

Homebuyers should always take a look FHA loan program VS conventional financing. Naples FHA mortgages can be easier to qualify than traditional mortgages due to the lower credit score requirement, easier debt vs. income standards and less cash out of pocket for a down payment. First time homebuyers traditionally explore Naples FHA financing and in most cases complete Naples FHA mortgage financing as their best option.Naples FHA Home Loans

Our goal is to satisfy 100% of your borrowers during your Naples FHA loan experience.

Core Mortgage Financial has many different loan programs to fit your current financial situation. Our goal is to continue the success we have proven to past clients and investors.

Our Motto is “Exceeding your Expectations”, on every Naples FHA mortgage loan completed! Please contact one of our licensed loan originators today and discuss Naples FHA Mortgages!

If you are seeking to purchase a home in Naples, Florida, we have Naples loan mortgage specialists standing by to take your call 24 hours 7 days a week!

Want to refinance your Naples FHA mortgage? Call us today as we have the BEST rates in town!

Naples FHA MortgageApply for a Naples FHA mortgage or call (855) 554-CORE. Alternatively, since our main office is here in Naples you can come in to see us.

Core Mortgage Financial
5683 Strand Ct Ste #10  Naples, FL 34110
Phone: (239) 514-2674

Contact us today using our online form to inquire about a Naples FHA Mortgage.

Helpful Terms Defined:

Mortgage:
Collectively, the security instrument, the note, the title evidence, and all other documents and papers that evidence the debt. A Mortgage is a loan secured by a lien on real estate held in fee simple or on an acceptable leasehold estate. A loan made for the purpose of purchasing, building or rehabilitating real property, and secured by that property. A pledge of real property as collateral for payment of debt. The term is also used to describe both the mortgage (security instrument) and the promissory note evidencing the debt, which includes the terms of the debt’s repayment.

FHA Mortgage:
An FHA insured mortgage loan is a Federal Housing Administration mortgage insurance backed mortgage loan which are provided by FHA-approved lenders. FHA insured mortgage loans are a type of federal assistance and have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford. To obtain mortgage insurance from the Federal Housing Administration, a mortgage insurance premium (MIP) equal to a percentage of the loan amount at closing is required, and is normally financed by the lender and paid to FHA on the borrower’s behalf.

Depending on the loan-to-value (LTV) ratio, there may be a monthly premium as well. The program originated during the Great Depression of the 1930s, when the rates of foreclosures and defaults rose sharply, and the program was intended to provide lenders with sufficient insurance. Some FHA programs were subsidized by the government, but the goal was to make it self-supporting, based on insurance premiums paid by borrowers. Over time, private mortgage insurance (PMI) companies came into play, and now FHA primarily serves people who cannot afford a conventional down payment or otherwise do not qualify for PMI.

Note: 
The evidence of indebtedness for a mortgage loan. A note is the instrument evidencing the indebtedness secured by a security instrument that sets forth the amount the owner owes the lender and the manner in which the debt is to be satisfied. The note establishes the payment terms, conditions under which prepayments may be made, and the lenders rights in the event of default. A written agreement between the mortgagor and the mortgagee specifying the amount and terms of repayment for a loan.

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