Florida-Mortgage-Lenders.com is a leading WaterColor Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping WaterColor Florida people become homeowners since 1934. WaterColor Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so WaterColor Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
WATERCOLOR FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• WaterColor 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.
WATERCOLOR FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a WaterColor Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a WaterColor 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.
• WaterColor 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.
WATERCOLOR 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 WaterColor 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 WaterColor Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other WaterColor Florida mortgage lenders retreated from these riskier loan products, FHA stepped in WaterColor Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN WATERCOLOR FLORIDA
WATERCOLOR FLORIDA FHA APPROVED CITY DATA
WaterColor is an unincorporated master-planned community located in Seagrove Beach on the Northwest Gulf Coast of Florida, United Statesnear Destin. This 499-acre (2.02 km2) Southern resort and residential community was planned by Cooper, Robertson & Partners, under the direction of The St. Joe Company.
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About the City of WaterColor
WaterColor homes are based on the vernacular architecture of Southern wood homes with features that include large wraparound or screened porches, wood columns and siding and a metal roof with deep overhangs. Community amenities include a swimming pool, fitness center, tennis courts, parks and gardens, shopping and restaurants. Camp Creek Golf Club is available to homeowners for an annual fee.
The WaterColor Inn is a 60 room beachfront resort designed by David Rockwell. In 2006 it was rated the #1 Family Friendly Resort in North America by Travel + Leisure magazine. It is the only four diamond hotel in Northwest Florida. The Inn and Vacation Rentals are managed by Troon Golf and St. Joe Clubs and Resorts as of January 2014.