Florida-Mortgage-Lenders.com is a leading Wellborn Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Wellborn Florida people become homeowners since 1934. Wellborn Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Wellborn Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
WELLBORN FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Wellborn 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.
WELLBORN FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Wellborn Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Wellborn 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.
• Wellborn 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.
WELLBORN 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 Wellborn 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 Wellborn Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Wellborn Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Wellborn Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN WELLBORN FLORIDA
WELLBORN FLORIDA FHA APPROVED CITY DATA
Wellborn is an unincorporated community in Suwannee County, Florida, United States. Wellborn is located near U.S. Route 90(State Road 10) 11 miles (18 km) east-southeast of Live Oak. It also includes County Roads 137 and 250. Wellborn has a post office with ZIP code32094.
WELLBORN FLORIDA FHA CITY DATA:
Median value of housing units with mortgages in 2011:
Median value of housing units with no mortgage in 2011:
Median price asked for vacant for-sale houses and condos in 2011:
Mean price in 2011:
Detached houses: $283,054 (121% of state mean)
Mobile homes: $142,991 (212% of state mean)
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About the City of Wellborn
Wellborn is in Suwannee County. The community was named after L.W. Wellborn, developer. The latitude of Wellborn is 30.230N. The longitude is -82.819W. It is in the Eastern Standard time zone. Elevation is 190 feet.