Anyone purchasing a primary home can use the FHA loan. The FHA mortgage is popular with first time home buyers because of the with a low down payment requirement. A&D Mortgage has successfully been providing residential and commercial loans for borrowers in Miami, Broward and Palm Beach counties, Florida.
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Freeport Mortgage Lenders Mortgage insurance is required when borrowers pay down less than 20 percent. It insures the mortgage for the lender in case the borrower defaults. All freeport fha loans require the borrower to pay two mortgage insurance premiums: Upfront premium: 75 percent of the loan amount, paid when the borrower gets the loan.
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