FLORIDA FHA limits can change based on many factors. These including average home prices in your area. FHA loan imits also increase with the number of units. A multi-unit home will qualify for a higher rate. Among non-servicemember first-time homebuyers there was a parallel increase in the use of FHA and Department of Agriculture mortgage loans.
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FLORIDA REVERSE MORTGAGE REQURIMENTS: Own the property outright or owe less than 50% balance on your Florida home. Be 62 years of age or older. There are 4 main types of reverse mortgage: HECM, HECM for Purchase, a trade group in Florida that offers education to seniors on reverse mortgages.
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