Florida-Mortgage-Lenders.com is a leading Island Grove Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Island Grove Florida people become homeowners since 1934. Island Grove Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Island Grove Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
ISLAND GROVE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Island Grove 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.
ISLAND GROVE FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Island Grove Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Island Grove 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.
• Island Grove 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.
ISLAND GROVE 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 Island Grove 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 Island Grove Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Island Grove Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Island Grove Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN ISLAND GROVE FLORIDA
ISLAND GROVE FLORIDA FHA APPROVED CITY DATA
ISLAND GROVE FLORIDA:
Island Grove is an unincorporated community in Alachua County, Florida, United States. Its ZIP code is 32654.
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About the City of Island Grove
Island Grove can be found near the southeastern terminus of County Road 325 and US 301. The CSX Wildwood Subdivision also passes through the former community.
Island Grove Masonic Lodge No. 125