We proud on ourselves as Margate Florida’s #1 First Time Home Buyer loan lender. We are helping borrowers in Margate Florida to qualify for the best First Time Home Buyer loan to meet their borrowing requirements. Some First Time Home Buyer loan programs in Margate Florida are backed by the Federal Housing Administration (FHA). These popular first time homebuyer loans require lower minimum credit scores and down payments to make it easier to qualify.

First Time Home Buyer Margate Florida

CambridgeHomeLoan.com has a number of First time home buyer loan programs from simple W2 employees to full 2 year tax returns, self employed loans, Non QM loans and more with low down payments and fees. Contact us today to craft the loan that best fits your needs. Some qualifications below.

FHA First Time Home Buyer and HomeReady Program Terms

  • A credit score of at least 580 for a 3% down home loan
  • A credit score of 500 to 579 for a 10% down payment
  • FHA loan with 3.5% down payment requirement
  • Mortgage insurance that is offset due to lower FHA interest rates than a conventional loan.
  • FHA Debt to income ratio of 50% or less

Qualify for a 3% down Home Loan in Margate Florida. Use this application to pre-qualify and start shopping for your new home in Margate Florida today! Purchase, Refinance, Cash Out Refinance.

According to an announcement by the FHA the loan limit for 2022 will be $420,680 for most of the country. The 2022 FHA loan limit for the high cost areas will be $970,800.

Contact us to find out what the loan limits in the county you would like to purchase in. Call now 800-826-5077. 

Prequalify now to see how much of Loan you can qualify for. 

Benefits of Being A First Time Home Buyer In Margate Florida

Margate is a city in Broward County, Florida, United States. As of the 2020 census, the city had a population of 58,712. Margate is part of the Miami metropolitan area, which was home to 6,166,488 people in 2020. Margate was founded in the 1950s, when much of it was still either part of the Everglades or farmland.

Schools in and around Margate

Margate Elementary School
6300 NW 18th St · +1 754-322-6900

Liberty Elementary School
2450 Banks Rd · +1 754-322-6750

BROWARD MATH & SCIENCE SCHOOLS
6101 NW 31st St · +1 954-969-8488

first time home buyer Margate
Great school district, and friendly people all around. This community is family oriented and has tons of parks! Florida tends to be extra hot but they have the most beautiful outdoors sceneries. The beaches are so peaceful. Not just Margate, we are serving all of First Time Home Buyer Florida market.

Things To Do In and Around Margate Florida

  • Fern Forest Nature Center (Wilderness area with many habitats)
  • Seminole Casino Coconut Creek (Gambling, dining & live entertainment)
  • Tall Cypress Natural Area (Dense forest with a nature boardwalk)
  • Firefighters Park (Park with various sports & a playground)
  • Off The Wall Coconut Creek (Indoor sports complex for tots & adults)
  • Coral Gate Park

 

 

 

 

 

 

 

 

EXPERT HOME LOAN ADVICE

Commercial-bridge-loans-chl
Uncategorized

Commercial Bridge Loan

Commercial Bridge Loans A Commercial Real Estate Bridge Loan is defined as a short-term real estate loan for a Commercial Property – such as a retail store,

Read More »
first time home buyer
Uncategorized

First Time Home Buyer

Are you a first time home buyer that’s wondering if you can qualify for your first home. First time home buyers typically have information thrown

Read More »
First time home buyer
Uncategorized

First Time Home Buyer Loan Options

One of the biggest hurdles for first-time home buyers is financing their purchase. Thankfully, there are numerous loan products and down-payment assistance programs designed to

Read More »

Discuss Loan Options

I would like to discuss my loan options

Quick Apply

I would like to apply for my loan myself

Pre-Qualify

I am shopping for a home and would like to pre-qualify for my price range.