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FHA Lending


Raymond James Bank is excited to announce the introduction of FHA lending in Pinellas, Pasco, Hillsborough, Hernando, Manatee and Sarasota counties! FHA loans are government insured and designed to broaden homeownership opportunities for qualified borrowers. Raymond James Bank’s FHA loans feature many benefits, including:

  • Fixed Rates – loans feature a fixed, competitive rate for the life of the loan.
  • NO Origination Point – unlike many other lenders who add an origination point to their FHA loans, Raymond James Bank charges NO origination point.
  • Low Minimum Down Payment – the minimum down payment is only 3.5% of the purchase price, much lower than traditional mortgages. This can help make the prospect of purchasing a home much more attainable.
  • Maximum Loan Amount of $292,5001 – With a maximum loan amount of $292,500, an FHA loan is an appealing option for many homebuyers.
  • Ideal for First Time Home Buyers – With low fixed rates and a small down payment requirement, FHA loans are designed with first time home buyers in mind.
  • Available for Refinance – Current homeowners may benefit from the low interest rate and other FHA loan features. Refinancing their existing mortgage is an option.
  • Raymond James Bank Experience & Service – Raymond James Bank’s years of lending experience make it an expert in the home buying process. You can rely on knowledgeable Personal Bankers and top notch service to make the experience smooth and satisfactory.

In addition to these benefits, home buyers in Pinellas County also have the extra advantage of having their Raymond James Bank fees waived.2

To learn more about FHA lending and how you can benefit, call Vice President and Personal Banker Lisa Furnell at 727-567-4840 or toll free 888-457-LOAN, ext. 74840. She can explain the loan program’s parameters and get you started on an application.


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FDIC Guarantee Program Disclosure

 

1Maximum loan amount in Manatee and Sarasota Counties: $442,500.

2Third party closing costs still apply.

A $180,000 fixed rate 30-year term loan with a rate of 5.250% and an annual percentage rate of 5.314%% would have 359 monthly payments of $993.97 followed by a final payment of $992.79. Down payment used in example is 3.5%.

Subject to standard credit criteria.  Products, terms and conditions subject to change.  Property insurance required.  Flood insurance required if property is located in a designated flood zone of “A” or “V”.

Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, a federally chartered savings bank. Unless otherwise specified, products purchased from or held at Raymond James & Associates or Raymond James Financial Services are not insured by the FDIC, are not deposits or other obligations of Raymond James Bank, are not guaranteed by Raymond James Bank and are subject to investment risks, including possible loss of the principal invested.