Florida-Mortgage-Lenders.com is a leading Lakeland Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Lakeland Florida people become homeowners since 1934. Lakeland Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Lakeland Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
LAKELAND FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Lakeland 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.
LAKELAND FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Lakeland Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Lakeland 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.
• Lakeland 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.
LAKELAND 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 Lakeland 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 Lakeland Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Lakeland Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Lakeland Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN LAKELAND FLORIDA
LAKELAND FLORIDA FHA APPROVED CITY DATA
Lakeland is a city in Polk County, Florida, United States, located just outside of Tampa. According to the 2013 U.S. Census Bureau estimate, the city had a population of 100,710. Lakeland is a principal city of the Lakeland-Winter Haven, Florida Metropolitan Statistical Area, which had an estimated population of 623,009 in July 2013 based on data from the University of Florida Bureau of Economic and Business Research.
LAKELAND FLORIDA FHA CITY DATA:
Males: 48,090 (47.8%)
Females: 52,620 (52.2%)
Median resident age: 40.0 years
Florida median age: 41.0 years
Zip codes: 33803, 33805, 33809, 33811, 33815.
Estimated median household income in 2012: $39,997 (it was $33,119 in 2000)
Estimated per capita income in 2012: $21,692 (it was $19,760 in 2000)
Estimated median house or condo value in 2012: $97,100 (it was $71,500 in 2000)
Mean prices in 2009: All housing units: $162,370; Detached houses: $191,190; Townhouses or other attached units: $168,575; In 2-unit structures: $142,185; In 3-to-4-unit structures: $163,534; In 5-or-more-unit structures: $138,153; Mobile homes: $54,991; Occupied boats, RVs, vans, etc.: $155,294
Median gross rent in 2012: $883.
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About the City of Lakeland
Lakeland was first settled in the 1870s and began to develop as the rail lines reached the area in 1884. It was incorporated 1 January 1885. The town was founded by Abraham Munn (a resident of Louisville, Kentucky), who purchased 80 acres (320,000 m2) of land in what is now downtown Lakeland in 1882 and platted the land for the town in 1884. Among the names considered (and rejected) for the town by its residents were Munnville, Red Bug, and Rome City.
Lakeland is 141 ft (43 m) above mean sea level. According to the United States Census Bureau, the city has a total area of 67 sq mi (173.5 km2); 45.84 sq mi (118.7 km2) of it is land and 5.61 sq mi (14.5 km2) (10.90%) is covered by water. Lakeland is located within the Central Florida Highlands area of the Atlantic coastal plain, with a terrain consisting of flatland interspersed with gently rolling hills.
Lakeland, like most other parts of Florida north of Lake Okeechobee, is located in the humid subtropical zone (Köppen climate classification:Cfa). Typically, summers are hot and humid with high temperatures seldom dropping below 90 °F and 70 °F for the overnight low. Like most of Central Florida, afternoon thunderstorms are the norm throughout the summer. The winters are drier and mild, although rare cold snaps drop temperatures below freezing.