Florida-Mortgage-Lenders.com is a leading Gainesville Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Gainesville Florida people become homeowners since 1934. Gainesville Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Gainesville Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
GAINESVILLE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Gainesville 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.
GAINESVILLE FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Gainesville Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Gainesville 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.
• Gainesville 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.
GAINESVILLE 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 Gainesville 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 Gainesville Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Gainesville Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Gainesville Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN GAINESVILLE FLORIDA
GAINESVILLE FLORIDA FHA APPROVED CITY DATA
Gainesville is the county seat and largest city in Alachua County, Florida, and the principal city of the Gainesville, Florida Metropolitan Statistical Area (MSA). The population of Gainesville in the 2013 US Census was 127,488, a 2.4% growth from 2010.
GAINESVILLE FLORIDA FHA CITY DATA:
Males: 61,552 (48.3%)
Females: 65,936 (51.7%)
Median resident age: 24.5 years
Florida median age: 41.0 years
Zip codes: 32601, 32603, 32605, 32606, 32607, 32608, 32609, 32612, 32641.
Estimated median household income in 2012: $28,914 (it was $28,164 in 2000)
Estimated per capita income in 2012: $18,519 (it was $16,779 in 2000)
Estimated median house or condo value in 2012: $154,200 (it was $83,700 in 2000)
Mean prices in 2012: All housing units: $174,839; Detached houses: $189,123; Townhouses or other attached units: $154,309; In 2-unit structures: $122,596; In 3-to-4-unit structures: $96,020; In 5-or-more-unit structures: $210,855; Mobile homes: $43,915
Median gross rent in 2012: $851.
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About the City of Gainesville
Circa 12,000 years ago Paleo-Indians lived in Florida, but fewer than 100 sites have been found. Although it is not known for certain whether any permanent settlements from that period were in the present city limits of Gainesville, archeological evidence of human presence exists. With the end of the ice age to the north, sea levels rose so that coastal Florida became inundated and Florida's land mass shrank while the southeastern United States became wetter than it had been, so the Paleo-Indians required fewer moves between water spots and more populous camps inhabited for longer periods of time emerged; among the spots where camps from this later period have been found is around Paynes Prairie very close to Gainesville.
According to the United States Census Bureau, the city has a total area of 62.4 square miles (161.6 km2), of which 61.3 square miles (158.8 km2) is land and 1.1 square miles (2.8 km2) is water. The total area is 1.74% water.
The population of Gainesville was estimated to be 125,365 in 2011. The population of Gainesville was 124,354 at the 2010 census, a 30.3% change from 2000. At the 2010 census there were 51,029 households, with 2.2 persons per household. Children under the age of 5 were 4.4% of the population, under 18 13.4%, and people 65 years or over were 8.3% of the population. 64.9% of the population was white, 23.0% black, 6.9% Asian, 0.3% American Indians and Alaska Natives, 0.1% Native Hawaiians and Other Pacific Islanders, 1.9% some other race, and 2.9% reporting two or more races