Florida-Mortgage-Lenders.com is a leading Deerland Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Deerland Florida people become homeowners since 1934. Deerland Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Deerland Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
DEERLAND FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Deerland 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.
DEERLAND FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Deerland Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Deerland 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.
• Deerland 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.
DEERLAND 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 Deerland 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 Deerland Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Deerland Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Deerland Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN DEERLAND FLORIDA
DEERLAND FLORIDA FHA APPROVED CITY DATA
Deerland is an unincorporated community in Okaloosa County, Florida, United States. It is part of the Fort Walton Beach–Crestview–Destin Metropolitan Statistical Area.
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About the City of Deerland
Deerland is located in a rural area along U.S. Route 90 from County Road 393 eastward to the Walton County line. Eglin AFB borders the community on the south; Dorcas, on the north; Mossy Head, in Walton County, on the north; and Killingsworth Crossroads, on the west.Crestview, moreover, is about fifteen miles to the west. The Shoal River skirts Deerland from the Walton County line to the north around the north side of the community westward where it gradually turns to the south into Eglin AFB property.