Florida-Mortgage-Lenders.com is a leading Horizon West Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Horizon West Florida people become homeowners since 1934. Horizon West Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Horizon West Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
HORIZON WEST FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Horizon West 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.
HORIZON WEST FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Horizon West Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Horizon West 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.
• Horizon West 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.
HORIZON WEST 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 Horizon West 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 Horizon West Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Horizon West Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Horizon West Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN HORIZON WEST FLORIDA
HORIZON WEST FLORIDA FHA APPROVED CITY DATA
HORIZON WEST FLORIDA:
Horizon West is a census-designated place and unincorporated area in Orange County, Florida, United States. The population was 14,000 at the 2010 census. It is part of the Orlando–Kissimmee–Sanford, Florida Metropolitan Statistical Area.
HORIZON WEST FLORIDA FHA CITY DATA:
Males: 6,942 (49.6%)
Females: 7,058 (50.4%)
Median resident age: 32.7 years
Florida median age: 40.3 years
Estimated median household income in 2012: $45,624
Horizon West: $45,624
Estimated per capita income in 2012: $24,047
Estimated median house or condo value in 2012: $150,200
Horizon West: $150,200
Median gross rent in 2012: $1,379.
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About the City of Horizon West
Horizon West is located in southwestern Orange County, directly north of the Walt Disney World resort. It was a newly-defined area as of the 2010 census. State Road 429, the Daniel Webster Western Beltway, runs through the CDP, connecting Ocoee to the north with Four Corners and Interstate 4 to the south.
According to the United States Census Bureau, the CDP has a total area of 38.1 square miles (98.6 km2), of which 32.9 square miles (85.3 km2) is land and 5.1 square miles (13.3 km2), or 13.50%, is water.