Florida-Mortgage-Lenders.com is a leading Lanark Village Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Lanark Village Florida people become homeowners since 1934. Lanark Village Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Lanark Village Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
LANARK VILLAGE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Lanark Village 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.
LANARK VILLAGE FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Lanark Village Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Lanark Village 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.
• Lanark Village 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.
LANARK VILLAGE 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 Lanark Village 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 Lanark Village Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Lanark Village Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Lanark Village Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN LANARK VILLAGE FLORIDA
LANARK VILLAGE FLORIDA FHA APPROVED CITY DATA
LANARK VILLAGE FLORIDA:
Lanark Village is an unincorporated community in Franklin County, Florida, United States. It is located along US 98, on the Gulf of Mexico.
LANARK VILLAGE FLORIDA FHA CITY DATA:
Nearest zip codes: 32322, 32358, 32346, 32328, 32334, 32327.
Median value of housing units with mortgages in 2011:
This zip code: $186,200
Median value of housing units with no mortgage in 2011:
This zip code: $169,300
Median price asked for vacant for-sale houses and condos in 2011:
This zip code: $284,007
Mean price in 2011:
Detached houses: $452,160 (193% of state mean)
Mobile homes: $125,441 (186% of state mean)
Estimated number of vacant for-rent houses and condos in 2011: 17
Estimated number of vacant for-sale houses and condos in 2011: 17
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About the City of Lanark Village
Lanark Village is located at 29°53’0?N 84°35’45?W. Lanark Village was formed when Camp Gordon Johnston was closed in June 1946. Camp Gordon Johnston opened in 1942 for the sole purpose of training amphibious soldiers and their support groups, this camp trained a quarter of a million men. The trained soldiers were used in the attack on D-Day.