An FHA Loan Can Help You Buy Your
Dream Destin, FL Home With Little Money Down

Why Borrowers Choose FHA Loans

FHA loans are a great option for first-time homebuyers, but you’re not required to be a first-time buyer in order to qualify. FHA loans offer flexible options which makes them ideal for homebuyers of all types. Only a 3.5% down payment is required and borrowers must have a minimum credit score of 580 or higher. Buyers can also still qualify for a loan even if they have a higher debt-to-income ratio. They only need to provide proof of steady employment history.

FHA loans can be used to purchase different property types. Buyers have the ability to purchase a 1-4 unit property as long as the buyer occupies at least one unit as their primary residence.  An FHA mortgage can be obtained for a loan amount up to $562,350 for a 1 unit property and up to $1,081,450 for a 4-unit property. FHA loan limits are adjusted by HUD.GOV on an annual basis to account for rising home prices.

Why Borrowers Choose FHA Loans

Why an FHA Loan?

Benefits of applying for an FHA loan in Destin include:

  • Lower Credit Score Requirements as opposed to other mortgage loan products.
  • Lower qualifications that aren't affected by bankruptcies or other financial issues. 
  • Available in fixed-rate and adjustable-rate options.
  • Provide the ability to refinance with cash out up to 80% and can include your closing costs. 

Why an FHA Loan?

Your Home Loan Could Be Fully
Funded 21 Days From Now

  • fixed rate

  • Adjustable Rates Mortgage

  • Conforming

  • jumbo and super
    jumbo loans

  • FHA, VA, &
    USDA Loans

  • Terms from
    5 to 30 Years

Get Your FHA Loan Quote Now!

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below: