Florida-Mortgage-Lenders.com is a leading Holly Hill Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Holly Hill Florida people become homeowners since 1934. Holly 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 Holly Hill Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
HOLLY HILL FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Holly 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.
HOLLY HILL FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Holly Hill Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Holly 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.
• Holly 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.
HOLLY 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 Holly 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 Holly Hill Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Holly Hill Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Holly Hill Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN HOLLY HILL FLORIDA
HOLLY HILL FLORIDA FHA APPROVED CITY DATA
HOLLY HILL FLORIDA:
Holly Hill is a city in Volusia County, Florida, United States. The population was 11,659 at the 2010 census. Holly Hill's city limits lie entirely on the Florida mainland, unlike the larger cities on either side of it, Daytona Beach and Ormond Beach.
HOLLY HILL FLORIDA FHA CITY DATA:
Males: 5,417 (46.4%)
Females: 6,262 (53.6%)
Median resident age: 44.3 years
Florida median age: 40.3 years
Zip codes: 32117.
Estimated median household income in 2012: $24,932 (it was $26,651 in 2000)
Holly Hill: $24,932
Estimated per capita income in 2012: $17,245 (it was $16,098 in 2000)
Estimated median house or condo value in 2012: $77,967 (it was $61,200 in 2000)
Holly Hill: $77,967
Mean prices in 2009: All housing units: $140,994; Detached houses: $158,881; Townhouses or other attached units: $141,674; In 2-unit structures: $272,849; In 3-to-4-unit structures: $82,982; In 5-or-more-unit structures: $157,759; Mobile homes: $48,052; Occupied boats, RVs, vans, etc.: $10,845
Median gross rent in 2012: $783.
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About the City of Holly Hill
Holly Hill's beginnings date back to the early 19th century, when Governor Coppinger of Spanish East Florida gave a royal title of 4,500 acres (18 km2) on the Halifax River to Fernando de la Maza Arrendonda. The area was then sold to Thomas Fitch. Thomas Fitch eventually sold a large parcel of property to William Samuel Flemming Sr. in 1817. Flemming acquired one of the Spanish grants containing 3,200 acres (13 km2) along the Halifax River. In 1835 he lost everything during the Second Seminole War. The Halifax area was again abandoned until after the Civil War, but it wasn't long till adventurous settlers seeking a better life arrived to take advantage of the natural beauty and enticing climate.
According to the United States Census Bureau, the city has a total area of 4.5 square miles (12 km2). 3.9 square miles (10 km2) of it is land and 0.6 square miles (1.6 km2) of it (13.94%) is water.
There were 5,583 households out of which 22.3% had children under the age of 18 living with them, 34.9% weremarried couples living together, 13.6% had a female householder with no husband present, and 46.3% were non-families. 36.9% of all households were made up of individuals and 17.2% had someone living alone who was 65 years of age or older. The average household size was 2.14 and the average family size was 2.77.