First Time Home Buyer Margate Florida
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
- Low down payment with a minimum of 3% down payment
- Lower credit scores. Down to 580 to for 3.5% down payment
- VA Loan with No down payment required
- For First Time Home Buyer's, FHA provides a guarantee loans to the lender who is actually extending the loan on an FHA loan.
- To apply for an FHA loan, you'll need to provide your Social Security number, two years of tax returns and employment verification.
- Simple Application and Approval Process
- To apply for an FHA loan, you'll need to provide your Social Security number, two years of tax returns and employment verification.
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
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
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