Florida-Mortgage-Lenders.com is a leading Indian Lake Estates Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Indian Lake Estates Florida people become homeowners since 1934. Indian Lake Estates Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Indian Lake Estates Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
INDIAN LAKE ESTATES FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Indian Lake Estates 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.
INDIAN LAKE ESTATES FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Indian Lake Estates Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Indian Lake Estates 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.
• Indian Lake Estates 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.
INDIAN LAKE ESTATES 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 Indian Lake Estates 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 Indian Lake Estates Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Indian Lake Estates Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Indian Lake Estates Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN INDIAN LAKE ESTATES FLORIDA
INDIAN LAKE ESTATES FLORIDA FHA APPROVED CITY DATA
INDIAN LAKE ESTATES FLORIDA:
Indian Lake Estates is an unincorporated community in Polk County, Florida, United States. Indian Lake Estates is located on the eastern shore of Lake Weohyakapka, 14 miles (23 km) east-southeast of Lake Wales.
INDIAN LAKE ESTATES FLORIDA FHA CITY DATA:
Indian Lake Estates: 38 people per square mile
Lake Wales: 1,055 people per square mile
Median household income in 2011:
Indian Lake Estates: $39,128
Lake Wales: $36,049
Median rent in 2011:
Indian Lake Estates: $671
Lake Wales: $548
Zip codes: 33853.
This neighborhood: 58.7 years
Whole city: 40.0 years
This neighborhood: 59.6 years
Whole city: 43.0 years
Average household size:
Indian Lake Estates: 1.7 people
Lake Wales: 2.4 people
Percentage of family households:
Indian Lake Estates: 27.3%
Lake Wales: 44.1%
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