Florida-Mortgage-Lenders.com is a leading Italia Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Italia Florida people become homeowners since 1934. Italia Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Italia Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
ITALIA FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Italia 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.
ITALIA FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Italia Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Italia 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.
• Italia 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.
ITALIA 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 Italia 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 Italia Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Italia Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Italia Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN ITALIA FLORIDA
ITALIA FLORIDA FHA APPROVED CITY DATA
Italia is an unincorporated community in Nassau County, Florida, United States. It is located near the center of the county.
About the City of Italia
The village of Italia was founded in 1882 by Irish-born entrepreneur William MacWilliams (1840-1887). It was located at milepost 18 on the Florida Transit Railway, which ran from Fernandina on the Atlantic coast to Cedar Key on the Gulf of Mexico. The owner of the railroad, former Senator David Yulee, convinced MacWilliams to build a brick manufacturing facility here, and promised to buy the first million bricks. Bricks made at Italia were used in residential and commercial buildings in Fernandina and other locations in northeast Florida
In 1905, Thomas J. Shave moved from Georgia and built a turpentine still. Within five years, turpentine was the primary product of the area. Shave later sold the turpentine still to Joseph P. and Frederick H. Higginbotham, son and grandson of the first sawmill owner.
Italia’s main asset was always the railroad which carried the brick, lumber, shingles, turpentine and rosin to market. The fatal blow came in the 1920s when the railroad was diverted from Callahan to Gross, bypassing Italia. The businesses of Italia were no longer competitive and were forced to close or move to better locations. In the 1930s a new highway, State Route 200, was built through Italia, paralleling the old railroad from Yulee to Callahan, but it came too late to revive the economy of Italia.