Florida-Mortgage-Lenders.com is a leading Hawthorne Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Hawthorne Florida people become homeowners since 1934. Hawthorne Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Hawthorne Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
HAWTHORNE FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Hawthorne 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.
Hawthorne FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Hawthorne Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Hawthorne 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.
• Hawthorne 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.
HAWTHORNE 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 Hawthorne 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 Hawthorne Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Hawthorne Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Hawthorne Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN HAWTHORNE FLORIDA
HAWTHORNE FLORIDA FHA APPROVED CITY DATA
Hawthorne is a city in Alachua County, Florida, United States. The population was 1,417 at the 2010 census.
HAWTHORNE FLORIDA FHA CITY DATA:
Males: 675 (46.5%)
Females: 778 (53.5%)
Median resident age: 41.5 years
Florida median age: 40.3 years
Zip codes: 32640.
Estimated median household income in 2012: $35,709 (it was $26,008 in 2000)
Estimated per capita income in 2012: $14,473 (it was $14,592 in 2000)
Estimated median house or condo value in 2012: $134,713 (it was $56,400 in 2000)
Mean prices in 2009: All housing units: $162,247; Detached houses: $168,290; In 2-unit structures: $67,931; In 5-or-more-unit structures: $152,260; Mobile homes: $111,267; Occupied boats, RVs, vans, etc.: $11,712
Median gross rent in 2012: $626.
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About the City of Hawthorne
According to the United States Census Bureau, the city has a total area of 5.0 square miles (13.0 km2). 4.8 square miles (12.4 km2) is land and 0.23 square miles (0.6 km2) of it (4.33%) is water.
There were 561 households out of which 31.6% had children under the age of 18 living with them, 38.3% were married couples living together, 21.0% had a female householder with no husband present, and 36.4% were non-families. 31.4% of all households were made up of individuals and 12.0% had someone living alone who was 65 years of age or older. The average household size was 2.534 and the average family size was 3.15.
The City of Hawthorne is served by the School Board of Alachua County, which operates Shell Elementary School and Hawthorne Middle/High School in the city. The Alachua County Library District operates a branch library in the city