Florida-Mortgage-Lenders.com is a leading Gulf Hammock Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Gulf Hammock Florida people become homeowners since 1934. Gulf Hammock Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Gulf Hammock Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
GULF HAMMOCK FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Gulf Hammock 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.
GULF HAMMOCK FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Gulf Hammock Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Gulf Hammock 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.
• Gulf Hammock 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.
GULF HAMMOCK 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 Gulf Hammock 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 Gulf Hammock Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Gulf Hammock Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Gulf Hammock Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
GULF HAMMOCK FLORIDA FHA APPROVED CITY DATA
GULF HAMMOCK FLORIDA:
Gulf Hammock is an unincorporated community in Levy County, Florida, United States. It is located on US 19-98 and County Road 326 about 6 miles (9.7 km) southeast of Otter Creek. The town is the name for the Gulf Hammock Wildlife Management Area.
GULF HAMMOCK FLORIDA FHA CITY DATA:
Current Population: 0
2010 Population: 397
Households per ZIP Code: 174
Average House Value: $47,500
Avg. Income Per Household: $36,375
Persons Per Household: 2.28
White Population: 379
Black Population: 14
Hispanic Population: 4
Asian Population: 3
American Indian Population: 3
Hawaiian Population: 0
Other Population: 2
Male Population: 192
Female Population: 205
Median Age: 50.80 years
Male Median Age: 52.70 years
Female Median Age: 47.90 years
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