Florida-Mortgage-Lenders.com is a leading Lillibridge Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Lillibridge Florida people become homeowners since 1934. Lillibridge Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Lillibridge Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
LILLIBRIDGE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Lillibridge 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.
LILLIBRIDGE FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Lillibridge Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Lillibridge 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.
• Lillibridge 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.
LILLIBRIDGE 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 Lillibridge 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 Lillibridge Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Lillibridge Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Lillibridge Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN LILLIBRIDGE FLORIDA
LILLIBRIDGE FLORIDA FHA APPROVED CITY DATA
Lillibridge is an unincorporated community in southeastern Hillsborough County, Florida, United States, three miles east of Florida State Road 39, near Lithia.
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About the City of Lillibridge
Lillibridge was founded in the 1880s by Morton Lillibridge. Because there was no bridge over the Alafia River, the community was very isolated. A trip to Tampa took three days by oxcart, provided the water was low enough to cross Alderman’s Ford. In 1905, the Seaboard Railroad built a line that stopped in Lillibridge until about 1916, at which time the Lillibridge post office shut down.
In the early 20th century, phosphate became a huge local business, with Prairie Pebble Phosphate Company and the Coronet Phosphate Company operating mines in the area, some of which still exist today as part of the Mosaic Companies. The population has declined to the point that the identity of the community is more or less unknown to residents today.
Lillibridge is served by Hillsborough County Schools. Students are zoned for Pinecrest Elementary, Turkey Creek Middle School and Durant High School.