Regardless of the amount of the down
payment, North Miami FHA requires a one time upfront fee of 2.25% of
the real estate mortgage loan amount which, may be financed in with
the loan. In addition to the upfront fee there is a yearly fee of
50% of the unpaid balance of the North Miami real estate mortgage loan
which is divided into 12 equal payments and paid monthly in the house
payment. If the mortgage is paid in full within the first 7 years
there may be a prorated refund of the upfront premium paid. The monthly
mortgage insurance premium in Florida may not be waived regardless
of the loan to, value.
A title policy in North Miami Florida is
required to obtain financing from a mortgage loan lender but it only
covers the amount of the loan. An Owners Title Policy protects your
equity. It usually is a small cost and well worth the price. Know
what the surrounding area will be in a few years. Will there be an
Airport, nuclear plant, shopping mall in the area of North Miami you
will be living in?
$148,900.00 Townhouse or Villa in North Miami
2 Bedroom, 2 Bathroom, Approx. 1300 Sq.Ft.
$140,000.00 Single Family Home in North Miami
3 Bedroom, 1 Bathroom, Approx. 1209 Sq.Ft.
$85,000.00 Single Family Home in North Miami
2 Bedroom, 1 Bathroom, Approx. 780 Sq.Ft.
$149,990.00 Duplex/Triplex/Fourplex in North Miami
3 Bedroom, 2 Bathroom
$135,000.00 Single Family Home in North Miami
3 Bedroom, 1½ Bathroom
$250,000.00 Commercial Property in North Miami
0 Bedroom, 2 Bathroom, Approx. 1040 Sq.Ft.