Florida-Mortgage-Lenders.com is a leading Earleton Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Earleton Florida people become homeowners since 1934. Earleton Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Earleton Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
EARLETON FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Earleton 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.
EARLETON FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Earleton Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Earleton 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.
• Earleton 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.
EARLETON 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 Earleton 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 Earleton Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Earleton Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Earleton Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN EARLETON FLORIDA
EARLETON FLORIDA FHA APPROVED CITY DATA
Earleton is an unincorporated community in Alachua County, Florida, United States. The community is located on County Road 200A 5 miles (8.0 km) southeast of Waldo. Earleton has a post office with ZIP code 32631.
EARLETON FLORIDA FHA CITY DATA:
Median value of housing units with mortgages in 2011:
This zip code: $178,100
Median value of housing units with no mortgage in 2011:
This zip code: $136,600
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