Florida-Mortgage-Lenders.com is a leading Barberville Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Barberville Florida people become homeowners since 1934. Barberville Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Barberville Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
BARBERVILLE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Barberville 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.
BARBERVILLE FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Barberville Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Barberville 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.
• Barberville 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.
BARBERVILLE 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 Barberville 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 Barberville Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Barberville Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Barberville Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN BARBERVILLE FLORIDA
BARBERVILLE FLORIDA FHA APPROVED CITY DATA
Barberville is an unincorporated community in Volusia County, Florida, United States. It is located at the intersection of State Road 40 and US 17.
BARBERVILLE FLORIDA FHA CITY DATA:
Males: 889 (51.4%)
Females: 841 (48.6%)
Median resident age: 30.7 years
Florida median age: 40.3 years
Estimated median household income in 2012: $25,037 (it was $26,773 in 2000)
Estimated per capita income in 2012: $13,388 (it was $12,450 in 2000)
Estimated median house or condo value in 2012: $79,194 (it was $69,200 in 2000)
Mean prices in 2009: All housing units: $186,361; Detached houses: $201,472; Townhouses or other attached units: $168,116; In 2-unit structures: $117,414; In 3-to-4-unit structures: $57,373; Mobile homes: $131,824
Median gross rent in 2012: $772.
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About the City of Barberville
Barberville was once a pioneer settlement, and has retained much of its rural charm, through undeveloped sections of land with massive oaks and a distinctly Floridian country setting. For centuries people from cooler climates and border southern states, such as Georgia, have come to Florida in search of a better life.
Barberville was established in 1882 by James D. Barber who hoped to capitalize on the fact that the area was on the proposed route of the Jacksonville, Tampa, Key West Railroad.
Today it lies at the crossroads of busy Highway 17 and Route 40 which connects the sea to Florida’s interior, the Ocala National Forest and the City of Ocala itself.