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Florida-Mortgage-Lenders.com is a leading Key Biscayne Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Key Biscayne Florida people become homeowners since 1934. Key Biscayne Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Key Biscayne Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.


KEY BISCAYNE FLORIDA FHA MORTGAGE ADVANTAGES

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FHA Loans for Buying a Florida Home or FHA Refinance Mortgages 

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 www.Florida-Mortgage-Lenders.com 

KEY BISCAYNE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:

• Key Biscayne 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.

KEY BISCAYNE FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:

• Purchase a Key Biscayne Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Key Biscayne 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.
• Key Biscayne 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.

KEY BISCAYNE 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 Key Biscayne 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 Key Biscayne Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Key Biscayne Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Key Biscayne Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.

HOMES FOR SALE IN KEY BISCAYNE FLORIDA
KEY BISCAYNE FLORIDA FHA APPROVED CITY DATA

KEY BISCAYNE FLORIDA:

Key Biscayne is an island town in Miami-Dade County, Florida, United States. The population was 12,344 at the 2010 census.Key Biscayne lies south of Miami Beach and east of Miami. it is usually among the first Miami areas to be evacuated before an oncoming hurricane.

KEY BISCAYNE FLORIDA FHA CITY DATA:

Males: 6,214 (48.4%)
Females: 6,618 (51.6%)
Median resident age: 41.8 years
Florida median age: 40.3 years
Zip codes: 33149.
Estimated median household income in 2012: $114,723 (it was $86,599 in 2000)
Key Biscayne: $114,723
FL: $45,040
Estimated per capita income in 2012: $73,752 (it was $54,213 in 2000)
Estimated median house or condo value in 2012: $782,562 (it was $390,400 in 2000)
Key Biscayne: $782,562
FL: $148,200
Mean prices in 2009: All housing units: $815,159; Detached houses: over $1,000,000; Townhouses or other attached units: $601,510; In 2-unit structures: $183,957; In 3-to-4-unit structures: $874,039; In 5-or-more-unit structures: $658,741
Median gross rent in 2012: $2,001.

Key Biscayne FHA MORTGAGE  / Key Biscayne VA / Key Biscayne Key Biscayne FHA REFINANCE / Key Biscayne NO CREDIT / Key Biscayne BAD CREDIT / Key Biscayne HARD MONEY / Key Biscayne LOAN INFO / Altamonte SpringsHA INFO / FHA LOAN  LIMITS

About the City of Key Biscayne

While there had been earlier schemes to develop a town on Key Biscayne, it wasn't until the opening of the four-mile (6 km) long Rickenbacker Causeway from Miami to Virginia Key and on to Key Biscayne in 1947 that the island was opened up to large scale residential development. The northern two-thirds of the island had been operated as the largest coconut plantation in the continental United States during the first half of the 20th century. In 1940 the Matheson family donated over 800 acres (3.2 km2) of their land to Dade County for a public park (Crandon Park) in exchange for a commitment that the county would build a causeway to the island.
According to the United States Census Bureau, the village has a total area of 1.4 square miles (3.6 km2). 1.3 square miles (3.4 km2) of it is land and 0.1 square miles (0.26 km2) of it (8.63%) is water.
As of 2010, there were 7,072 households out of which 33.5% were vacant. In 2000, 32.3% had children under the age of 18 living with them, 58.0% were married couples living together, 7.7% had a female householder with no husband present, and 31.9% were non-families. 27.9% of all households were made up of individuals and 9.5% had someone living alone who was 65 years of age or older. The average household size was 2.47 and the average family size was 2.99.

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CREDIT REQUIREMENTS

FHA MORTGAGE

550 MIN FICO

PORTFOLIO MORTGAGE

NO MINIMUM

VA MORTGAGE

550 MIN FICO SCORE 

USDA LOANS

580 MIN FICO SCORE 

FANNIE MAE.

620 MIN FICO SCORE 

FREDDIE MAC

620 MIN FICO SCORE 

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