Florida-Mortgage-Lenders.com is a leading Slavia Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Slavia Florida people become homeowners since 1934. Slavia Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Slavia Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
SLAVIA FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Slavia 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.
SLAVIA FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Slavia Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Slavia 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.
• Slavia 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.
SLAVIA 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 Slavia 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 Slavia Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Slavia Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Slavia Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN SLAVIA FLORIDA
SLAVIA FLORIDA FHA APPROVED CITY DATA
Slavia is an unincorporated community in Seminole County, Florida, United States. Slavia is located along State Road 426 near the southwest border of Oviedo.
About the City of Slavia
In 1911, Lutheran Slovaks originally from what at the time was the Austro-Hungarian Empire(now Slovakia) who were living in Cleveland, Ohio formed the Slavia Colony Company with the goal of establishing a colony in Florida.
Only a few places exist in this small area. Lukas Nursery and Butterfly Encounter and St. Lukes Lutheran Church and school lie within the boundaries, both sharing the Slovak history that Slavia is known for.