Florida-Mortgage-Lenders.com is a leading Cubitis Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Cubitis Florida people become homeowners since 1934. Cubitis Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Cubitis Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
CUBITIS FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Cubitis FL Down payment only 3.5% of the purchase price.
• Gifts from family or Grants for down payment assistance and closing costs OK!
• Seller can credit buyers up to 6% of sales price towards buyer’s costs.
• No reserves or future payments in account required.
• FHA regulated closing costs.
CUBITIS FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Cubitis Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Cubitis Florida 24 months after a chapter 7 Bankruptcy.
• FHA will allow a FHA mortgage 3 years after a Foreclosure.
• Minimum FICO credit score of 580 required for 96.5% financing.
• Cubitis Bad credit Florida FHA mortgage approvals minimum FICO credit score of 530 required for 90 FHA financing.
• No Credit Score Florida mortgage loans & No Trade Line Florida FHA home loans.
CUBITIS FLORIDA FHA MORTGAGE LOANS ALLOW HIGHER DEBT TO INCOME & EASIER JOB QUALIFYING:
• FHA allows higher debt ratio’s than any other Florida home loan programs.
• Less than two years on the same job is OK!
• Self-employed buyers can also qualify for FHA.
• Check Florida FHA Mortgage Articles for more information.
During the Cubitis Florida Housing Boom the FHA Mortgage had become an uncommon mortgage loan product because of the plentiful supply of credit including Subprime, Conventional, and Fannie Mae. Many Cubitis Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Cubitis Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Cubitis Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN CUBITIS FLORIDA
CUBITIS FLORIDA FHA APPROVED CITY DATA
Cubitis is an unincorporated community in DeSoto County, Florida, United States. It is located about 2 miles (3.2 km) north of Arcadia on U.S. Route 17.
About the City of Cubitis
Cubitis median real estate price is $74,306, which is less expensive than 95.6% of Florida neighborhoods and 91.4% of all U.S. neighborhoods.
The average rental price in Cubitis is currently $469, based on Neighborhood Scout’s exclusive analysis. Rents here are currently lower in price than 98.7% of Florida neighborhoods. Cubitis is a rural neighborhood (based on population density) located in Arcadia, Florida.
Vacant apartments or homes are a major fact of life in Cubitis. The current real estate vacancy rate here is 34.7%. This is higher than the rate of vacancies in 96.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (26.6%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.