Florida-Mortgage-Lenders.com is a leading East Naples Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping East Naples Florida people become homeowners since 1934. East Naples Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so East Naples Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
EAST NAPLES FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• East Naples 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.
EAST NAPLES FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a East Naples Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a East Naples 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.
• East Naples 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.
EAST NAPLES 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 East Naples 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 East Naples Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other East Naples Florida mortgage lenders retreated from these riskier loan products, FHA stepped in East Naples Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN EAST NAPLES FLORIDA
EAST NAPLES FLORIDA FHA APPROVED CITY DATA
EAST NAPLES FLORIDA:
East Naples is an unincorporated community in Collier County, Florida, United States. East Naples has been the county seat since 1962, when the Collier County Courthouse was moved from Everglades (see Old Collier County Courthouse). East Naples is part of the Naples–Marco Island Metropolitan Statistical Area.
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About the City of East Naples
As of the census of 2010, there were 19,537 people, 9,708 households, and 6,568 families residing in the city. The population density was 1,744.3 per square mile (673.2/km2). There were 16,956 housing units at an average density of 1,410.0 per square mile (544.2/km2). The racial makeup of the city was 94.1% White, 4.5% Black, 0.12% Native American, 0.33% Asian, 0.02% Pacific Islander, 0.30% from other races, and 1.0% from two or more races. Hispanic or Latino of any race were 4.5% of the population.
In the city the population was spread out with 10.9% under the age of 18, 2.3% from 18 to 24, 14.5% from 25 to 44, 30.0% from 45 to 64, and 42.3% who were 65 years of age or older. The median age was 61 years. For every 100 females there were 86.0 males. For every 100 females age 18 and over, there were 83.9 males.