Florida-Mortgage-Lenders.com is a leading Pelican Lake Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Pelican Lake Florida people become homeowners since 1934. Pelican 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 Pelican Lake Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
PELICAN LAKE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Pelican 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.
PELICAN LAKE FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Pelican Lake Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Pelican 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.
• Pelican 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.
PELICAN 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 Pelican 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 Pelican Lake Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Pelican Lake Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Pelican Lake Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN PELICAN LAKE FLORIDA
PELICAN LAKE FLORIDA FHA APPROVED CITY DATA
PELICAN LAKE FLORIDA:
Pelican Lake is a small unincorporated community in Palm Beach County, Florida, United States. It lies north of Belle Glade, south-southeast of Canal Point, and east of Pahokee. Pelican Lake is on the south side of State Road 717.
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About the City of Pelican Lake
Pelican Lake is located at 26.81115°N 80.61068°W with an elevation of 13 feet. According to WPTV, 30 registered sex offenders reside within a 1 block radius there. “The community was taken over in December by Matthew 25 Ministries. They turned it in to a kind of halfway house for sex offenders and predators.”