Florida-Mortgage-Lenders.com is a leading Scottsmoor Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Scottsmoor Florida people become homeowners since 1934. Scottsmoor Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Scottsmoor Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
SCOTTSMOOR FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Scottsmoor 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.
SCOTTSMOOR FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Scottsmoor Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Scottsmoor 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.
• Scottsmoor 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.
SCOTTSMOOR 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 Scottsmoor 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 Scottsmoor Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Scottsmoor Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Scottsmoor Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN SCOTTSMOOR FLORIDA
SCOTTSMOOR FLORIDA FHA APPROVED CITY DATA
Scottsmoor is an unincorporated community in the north end of Brevard County, Florida, United States. It is on U.S. 1, and also the northernmost settlement in the county. It is a farming community east of Interstate 95, similar to Malabar. The community is part of the Palm Bay–Melbourne–Titusville Metropolitan Statistical Area.
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About the City of Scottsmoor
Scottsmoor was settled in 1861 by James Garvin, who acquired the land through the Spanish Land Grant. The town gained resort community status in the 1920s. Today, all of the resorts have moved to Titusville because of its proximity to the John F. Kennedy Space Center Visitor Complex.
Scottsmoor is located at 28°46.0'N 80°51.7'W. It is situated at the north end of Brevard County. Bounded by the north is Volusia County; on the west by Interstate 95; on the east by the Indian River Lagoon; and on the south is Aurantina.