Florida-Mortgage-Lenders.com is a leading Deep Creek Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Deep Creek Florida people become homeowners since 1934. Deep Creek Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Deep Creek Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
DEEP CREEK FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Deep Creek 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.
DEEP CREEK FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Deep Creek Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Deep Creek 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.
• Deep Creek 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.
DEEP CREEK 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 Deep Creek 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 Deep Creek Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Deep Creek Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Deep Creek Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN DEEP CREEK FLORIDA
DEEP CREEK FLORIDA FHA APPROVED CITY DATA
DEEP CREEK FLORIDA:
Deep Creek is a deed restricted unincorporated community in Charlotte County, Florida, United States. It lies 5.5 miles (8.9 km) east northeast of Port Charlotte. The community is part of thePunta Gorda Metropolitan Statistical Area.
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About the City of Deep Creek
Deep Creek, Florida is a deed-restricted community of single family homes, condos and villas in Charlotte County Florida. Part of the City of Punta Gorda, Deep Creek is a section of Punta Gorda Isles. Deep Creek has a very nice golf course and is close to all amenities. It is an easy drive to the restaurants and nightlife of Punta Gorda as well as the shopping malls of Port Charlotte. Deep Creek is near I-75 so the airports of southwest Florida are easy access. Fort Myers airport is about 1/2 hour drive, Sarasota about 40 minutes. Tampa is approximately 1-1/2 hours away. Miami is about 3 hours drive from Deep Creek.
Public K-12 education is provided by Charlotte County Public Schools Traditionally,elementary school students in the area attended Deep Creek Elementary School, middle school students attended Punta Gorda Middle School, and high school students attendedCharlotte High School, but an increasing amount of students are opting to attend other CCPS schools through the School Choice open enrollment program, especially at high school level.