Florida-Mortgage-Lenders.com is a leading Big Coppitt Key Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Big Coppitt Key Florida people become homeowners since 1934. Big Coppitt Key Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Big Coppitt Key Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
BIG COPPITT KEY FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Big Coppitt Key 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.
BIG COPPITT KEY FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Big Coppitt Key Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Big Coppitt Key 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.
• Big Coppitt Key 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.
BIG COPPITT KEY 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 Big Coppitt Key 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 Big Coppitt Key Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Big Coppitt Key Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Big Coppitt Key Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN BIG COPPITT KEY FLORIDA
BIG COPPITT KEY FLORIDA FHA APPROVED CITY DATA
BIG COPPITT KEY FLORIDA:
Big Coppitt Key is a census-designated place and an unincorporated community in Monroe County, Florida, on an island of the same name in the lower Florida Keys. The CDP also includes the neighboring islands of Geiger Key and Shark Key. As of the 2000 census, it had a total population of 2,595.
BIG COPPITT KEY FLORIDA FHA CITY DATA:
Males: 1,444 (58.8%)
Females: 1,014 (41.2%)
Median resident age: 44.9 years
Florida median age: 40.3 years
Zip codes: 33040.
Estimated median household income in 2012: $53,670 (it was $45,194 in 2000)
Big Coppitt Key: $53,670
Estimated per capita income in 2012: $31,032 (it was $24,022 in 2000)
Estimated median house or condo value in 2012: $302,602 (it was $190,700 in 2000)
Big Coppitt Key: $302,602
Mean prices in 2009: All housing units: $641,627; Detached houses: $780,152; Townhouses or other attached units: over $1,000,000; In 3-to-4-unit structures: over $1,000,000; In 5-or-more-unit structures: $165,512; Mobile homes: $330,319; Occupied boats, RVs, vans, etc.: $119,183
Median gross rent in 2012: $1,258.
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About the City of Big Coppitt Key
According to the United States Census Bureau, the CDP has a total area of 3.8 km² (1.5 mi²). 3.6 km² (1.4 mi²) of it is land and 0.3 km² (0.1 mi²) of it (6.80%) is water.
There were 1,108 households out of which 24.2% had children under the age of 18 living with them, 46.4% were married couples living together, 7.9% had a female householder with no husband present, and 38.5% were non-families. 26.1% of all households were made up of individuals and 6.6% had someone living alone who was 65 years of age or older. The average household size was 2.34 and the average family size was 2.77.
There are several businesses on Big Coppitt Key. There is also a Monroe County Fire/Rescue Station located on the island. Law Enforcement services are handled by the Monroe County Sheriff's Office. There are 3 churches located on Big Coppitt Key. Three parks, including one with a playground and another with a basketball court, in the avenues section. A cemetery is located at Avenue A and 4th Street.