Florida-Mortgage-Lenders.com is a leading Cross Creek Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Cross Creek Florida people become homeowners since 1934. Cross Creek Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Cross Creek Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
CROSS CREEK FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Cross Creek 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.
CROSS CREEK FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Cross Creek Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Cross Creek 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.
• Cross Creek 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.
CROSS CREEK 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 Cross Creek 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 Cross Creek Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Cross Creek Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Cross Creek Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN CROSS CREEK FLORIDA
CROSS CREEK FLORIDA FHA APPROVED CITY DATA
CROSS CREEK FLORIDA:
Cross Creek is an unincorporated community in Alachua County, Florida, United States. It is located on Cross Creek, a short stream connecting Orange Lake and Lochloosa Lake.
CROSS CREEK FLORIDA FHA CITY DATA:
Median rent in 2011:
Cross Creek: $1,157
Zip codes: 34219.
Males: 37.4 years
Females: 36.5 years
Average household size:
Cross Creek: 3.6 people
Florida: 2.6 people
Percentage of family households:
Cross Creek: 59.0%
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About the City of Cross Creek
The community is situated in the extreme southeastern corner of Alachua County and is approximately 20 miles southeast of the county seat, Gainesville, and 24 miles north of Ocala in Marion County. It is bisected by a navigable waterway, Cross Creek, which connects the two large lakes of Orange and Lochloosa, thus the community is on a narrow isthmus between these two water bodies.
Cross Creek is well known as the home of the American author Marjorie Kinnan Rawlings. She wrote four of her books while actually living there, including the Pulitzer Prize-winning novel The Yearling, which was adapted as the 1946 film of the same name, and her memoir, Cross Creek, which was adapted as the 1983 film of the same name. The early settlement of "The Creek", as it is locally known, is somewhat obscure, but it is likely that the first settlers arrived in the late nineteenth century.
Thus we can assume that other than garden plots and small citrus groves, the first residence probably relied chiefly on hunting and fishing for their sustenance. By the time of Marjorie Kinnan Rawlings' arrival in 1928, she writes that "The Creek" was home to seven families, five white (Euro-American) and two black (African-American). The population of Cross Creek began to grow during the 1950's and 1960's when a local man, Ben Wheeler, dug canals and built a number of houses, many with waterfronts.