Florida-Mortgage-Lenders.com is a leading Clay Hill Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Clay Hill Florida people become homeowners since 1934. Clay Hill Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Clay Hill Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
CLAY HILL FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Clay Hill 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.
CLAY HILL FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Clay Hill Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Clay Hill 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.
• Clay Hill 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.
CLAY HILL 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 Clay Hill 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 Clay Hill Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Clay Hill Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Clay Hill Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN CLAY HILL FLORIDA
Clay Hill FLORIDA FHA APPROVED CITY DATA
Clay Hill FLORIDA:
Clay Hill is an unincorporated community in Clay County, Florida, United States. It is located in the northwest corner of Clay County, Florida, and lies along County Road 218.
CLAY HILL FLORIDA FHA CITY DATA:
Residents with income below the poverty level in 2009:
Middleburg-Clay Hill: 16.1%
Whole state: 20.0%
Residents with income below 50% of the poverty level in 2009:
Middleburg-Clay Hill: 3.9%
Whole state: 6.5%
Poverty rate among disabled males:
Middleburg-Clay Hill: 7.0%
Disability rate in this place among poor males (it is 23.5% among residents who are not classified as poor):
Middleburg-Clay Hill: 23.1%
Poverty rate among disabled females:
Middleburg-Clay Hill: 14.9%
Disability rate in this place among poor females (it is 17.6% among residents who are not classified as poor):
Middleburg-Clay Hill: 32.5%
Renting rate in this place among poor and not poor residents:
Residents below poverty level: 27.8%
Residents above poverty level: 10.4%
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About the City of Clay Hill
It is a rural community that serves as a bedroom community for the surrounding areas, and home to several working farms. Agricultural products produced in Clay Hill include beef cattle, hay, and timber. Employers in the area include a sawmill, auto and small engine repair businesses, a welding and fabrication shop, a tree service, and one general and two convenience stores. The community is home to two elementary schools and one junior high school.