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Uncategorized FHA Vs Conventional Loans FHA mortgages are insured by the federal government, even though they are issued by private mortgage lenders. Because they are backed by the government, lenders are more willing to take on riskier borrowers (poor credit, low down payment). FHA loans have limits. In Broward county, the limit is $621,000 for a single family property and […]
Uncategorized Understanding FEMA’s Revised Flood Maps: Implications for Residents FEMA recently revised flood maps, and it’s essential for all of us to understand how these revisions will impact our community. The new maps bring about adjustments that will affect new construction, renovations to existing buildings, and flood insurance rates. Here’s what you need to know: Expanded Special Flood Hazard Area (SFHA) The SFHA has […]
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