Florida-Mortgage-Lenders.com is a leading Egypt Lake Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Egypt Lake Florida people become homeowners since 1934. Egypt Lake Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Egypt Lake Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
EGYPT LAKE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Egypt Lake 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.
EGYPT LAKE FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Egypt Lake Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Egypt Lake 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.
• Egypt Lake 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.
EGYPT LAKE 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 Egypt Lake 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 Egypt Lake Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Egypt Lake Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Egypt Lake Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN EGYPT LAKE FLORIDA
EGYPT LAKE FLORIDA FHA APPROVED CITY DATA
EGYPT LAKE FLORIDA:
Egypt Lake is an unincorporated community in northwestern Hillsborough County, Florida, United States. It’s located within the census-designated place of Egypt Lake-Leto, which contains separate communities of Egypt Lake and Leto. It was a separate Census Designated Place from 1970 to 1990. The population as of the 1990 census was 14,580.
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About the City of Egypt Lake
The ZIP code for Egypt Lake is 33614.
1970 7,556 —
1980 11,032 46.0%
1990 14,580 32.2%
Egypt Lake is located at 28 degrees north, 82.5 degrees west (28.016963, -82.495373); or about 4 miles NW of Tampa. The elevation for the community is 45 feet above sea level.
Egypt Lake boundaries include the city of Tampa to the south and east, Carrollwood to the north, and Dale Mabry Highway to the west.