Florida-Mortgage-Lenders.com is a leading Fort McCoy Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Fort McCoy Florida people become homeowners since 1934. Fort McCoy Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Fort McCoy Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
FORT MCCOY FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Fort McCoy 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.
FORT MCCOY FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Fort McCoy Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Fort McCoy 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.
• Fort McCoy 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.
FORT MCCOY 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 Fort McCoy 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 Fort McCoy Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Fort McCoy Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Fort McCoy Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN FORT MCCOY FLORIDA
FORT MCCOY FLORIDA FHA APPROVED CITY DATA
FORT MCCOY FLORIDA:
Fort McCoy is an unincorporated community in Marion County, Florida, United States. It is situated northeast of Ocala and lies between the towns of Sparr and Eureka on County Road 316 and is directly north of Silver Springs on County Road 315. The community is part of the Ocala Metropolitan Statistical Area.
FORT MCCOY FLORIDA FHA CITY DATA:
White Population: 7,612
Black Population: 122
Hispanic Population: 133
Asian Population: 17
Hawaiian Population: 1
Indian Population: 116
Other Population: 9
Male Population: 3,989
Female Population: 3,961
Avg House Value: $62,500
Avg Household Income: $28,195
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About the City of Fort McCoy
Fort McCoy was built during the Seminole Wars. It included brick structures, some evidence of which could still be seen in the 1940s. It may have also been a fort or way station on the King’s Highway. It was also a station on the Ocala Northern Railroad and served as the location for a large sawmill built by E.P. Rentz of the Rentz Lumber Company circa 1910.
Fort Mackay was later renamed Fort McCoy, which is the small town of the same name today. MacKay and MacCoy were both settlers in the area that were killed by Indians during the war. The town of Fort McCoy is named after the settler Jeb MacCoy but spelled differently. When hostilities with native Americans worsened, Jeb MacCoy was killed by Indians while bringing his family into Fort Russell. Captain Mackay was head of the local militia, and was killed while surveying Itonia Scrub on March 20, 1839
The first school in Fort McCoy was supposedly a log cabin that was built near the fort; and it is thought to have been abandoned during the Second Seminole War. When the Union Church was built near the Fort McCoy Cemetery, it was used as the school, with church services on the weekends. Sometime between the 1890s and the first decade of the 1900s, a wooden building was built to serve as the school. In 1935, this building was destroyed in a fire.