Florida-Mortgage-Lenders.com is a leading Sunset Point Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Sunset Point Florida people become homeowners since 1934. Sunset Point Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Sunset Point Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
SUNSET POINT FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Sunset Point 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.
SUNSET POINT FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Sunset Point Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Sunset Point 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.
• Sunset Point 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.
SUNSET POINT 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 Sunset Point 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 Sunset Point Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Sunset Point Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Sunset Point Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN SUNSET POINT FLORIDA
SUNSET POINT FLORIDA FHA APPROVED CITY DATA
SUNSET POINT FLORIDA:
Sunset Point is an unincorporated community in Monroe County, Florida, United States. It is located in the upper Florida Keys on Key Largo on US 1.
SUNSET POINT FLORIDA FHA CITY DATA:
Sunset Point: 286 people per square mile
Key Largo: 981 people per square mile
Median household income in 2011:
Sunset Point: $90,907
Median rent in 2011:
Sunset Point: $843
Zip codes: 33037, 33070.
This neighborhood: 53.9 years
Whole city: 46.5 years
This neighborhood: 61.2 years
Whole city: 50.2 years
Average household size:
Sunset Point: 2.5 people
Percentage of family households:
Sunset Point: 30.5%
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