Florida-Mortgage-Lenders.com is a leading Allandale Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Allandale Florida people become homeowners since 1934. Allandale Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Allandale Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
ALLANDALE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Allandale 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.
ALLANDALE FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Allandale Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Allandale 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.
• Allandale 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.
ALLANDALE 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 Allandale 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 Allandale Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Allandale Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Allandale Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN ALLANDALE FLORIDA
ALLANDALE FLORIDA FHA APPROVED CITY DATA
Allandale is a small unincorporated community in Volusia County, Florida, United States of America.
ALLANDALE FLORIDA FHA CITY DATA:
Males: 8,160 (46.4%)
Females: 9,419 (53.6%)
Median resident age: 20.9 years
Michigan median age: 40.9 years
Zip codes: 49401, 49417, 49460.
Estimated median household income in 2012: $51,017 (it was $46,671 in 2000)
Estimated per capita income in 2012: $16,690 (it was $14,580 in 2000)
Estimated median house or condo value in 2012: $151,855 (it was $117,400 in 2000)
Mean prices in 2012: All housing units: $165,843; Detached houses: $175,764; Townhouses or other attached units: $164,158; In 2-unit structures: $105,378; In 3-to-4-unit structures: $98,276; Mobile homes: $109,598
Median gross rent in 2012: $805.
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About the City of Allandale
Allandale is a small unincorporated community in Volusia County, Florida, United States of America. Allandale is surrounded on three sides by the city of Port Orange, with the fourth side being the Halifax River.
Allandale real estate—use Trulia to find real estate in Allandale as well real estate in other cities in Florida. Trulia provides comprehensive real estate guides with up-to-date information about housing prices, latest Allandale real estate trends, market activity, and neighborhood information. Before buying a house in Allandale, research real estate on Trulia. Understanding the Allandale real estate market is your first step to buying a home in Allandale, Florida. Our real estate guide gives your a valuable overview of the Allandale real estate market—find Allandale properties, sales statistics, real estate price trends, real estate market activity, comparisons of Allandale schools or Florida schools, and general demographic information for Allandale, FL.
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