Florida-Mortgage-Lenders.com is a leading Clarcona Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Clarcona Florida people become homeowners since 1934. Clarcona Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Clarcona Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
CLARCONA FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Clarcona 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.
CLARCONA FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Clarcona Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Clarcona 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.
• Clarcona 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.
CLARCONA 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 Clarcona 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 Clarcona Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Clarcona Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Clarcona Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN CLARCONA FLORIDA
CLARCONA FLORIDA FHA APPROVED CITY DATA
Clarcona is a census-designated place and unincorporated area in Orange County, Florida,United States. The population was 2,990 at the 2010 census. It is part of the Orlando–Kissimmee Metropolitan Statistical Area.
CLARCONA FLORIDA FHA CITY DATA:
Population (2013) 2,998
People per square mile 602
Household income $37,819
Income per capita $29,243
Male/Female ratio 1.14:1
Males 18-39 years 25.5%
Females 18-39 years 15.8%
Married (15yrs and older) 52.4%
Have children (under 18yrs) 24.0%
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About the City of Clarcona
Clarcona is located in western Orange County, Florida, 8 miles (13 km) northwest of downtown Orlando.
According to the United States Census Bureau, the CDP has a total area of 5.5 square miles (14.2 km2), of which 5.1 square miles (13.2 km2) is land and 0.42 square miles (1.1 km2), or 7.59%, is water.