Florida-Mortgage-Lenders.com is a leading Floridana Beach Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Floridana Beach Florida people become homeowners since 1934. Floridana Beach Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Floridana Beach Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
FLORIDANA BEACH FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Floridana Beach 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.
FLORIDANA BEACH FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Floridana Beach Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Floridana Beach 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.
• Floridana Beach 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.
FLORIDANA BEACH 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 Floridana Beach 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 Floridana Beach Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Floridana Beach Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Floridana Beach Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN FLORIDANA BEACH FLORIDA
FLORIDANA BEACH FLORIDA FHA APPROVED CITY DATA
FLORIDANA BEACH FLORIDA:
Floridana Beach is an unincorporated community in Brevard County, Florida, United States. It is located on a barrier island southeast of the city of Melbourne and east of the town of Grant-Valkaria. It is just south of the unincorporated community of Melbourne Shores, and north of the unincorporated community of Sunnyland Beach. The community is part of the Palm Bay–Melbourne–Titusville Metropolitan Statistical Area.
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