Florida-Mortgage-Lenders.com is a leading Orange Lake Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Orange Lake Florida people become homeowners since 1934. Orange Lake Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Orange Lake Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
ORANGE LAKE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Orange Lake 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.
ORANGE LAKE FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Orange Lake Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Orange Lake 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.
• Orange Lake 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.
ORANGE LAKE 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 Orange Lake 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 Orange Lake Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Orange Lake Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Orange Lake Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN ORANGE LAKE FLORIDA
ORANGE LAKE FLORIDA FHA APPROVED CITY DATA
ORANGE LAKE FLORIDA:
Orange Lake is an unincorporated community in Marion County, Florida, United States. It is located on US 441, on Orange Lake south of McIntosh.
ORANGE LAKE FLORIDA FHA CITY DATA:
Orange Lake Village: 7,266 people per square mile
Median household income in 2011:
Orange Lake Village: $29,309
Median rent in 2011:
Orange Lake Village: $675
Zip codes: 33773.
This neighborhood: 44.6 years
Whole city: 47.0 years
This neighborhood: 51.5 years
Whole city: 48.6 years
Average household size:
Orange Lake Village: 2.0 people
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About the City of Orange Lake
Ninety-five percent of the community is located in Marion County while the remaining five percent is located in northern neighbor Alachua. The entire lake is located in Alachua County but is under the jurisdiction of Marion County Water Management.
The Marion County portion of Orange Lake is part of the Ocala Metropolitan Statistical Area, while the Alachua County portion is part of the Gainesville Metropolitan Statistical Area.