Florida-Mortgage-Lenders.com is a leading Avon Park Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Avon Park Florida people become homeowners since 1934. Avon Park Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Avon Park Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
AVON PARK FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Avon Park 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.
AVON PARK FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Avon Park Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Avon Park 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.
• Avon Park 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.
AVON PARK 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 Avon Park 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 Avon Park Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Avon Park Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Avon Park Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN AVON PARK FLORIDA
AVON PARK FLORIDA FHA APPROVED CITY DATA
AVON PARK FLORIDA:
Avon Park is a city in Highlands County in the State of Florida, which had a population of 8,824 at the 2009 census. It is the oldest city in Highlands County, and was named after Stratford-upon-Avon, England.
AVON PARK FLORIDA FHA CITY DATA:
Median resident age: 35.6 years
Florida median age: 40.3 years
Zip codes: 33825.
Estimated median household income in 2012: $26,526 (it was $23,576 in 2000)
Avon Park: $26,526
Estimated per capita income in 2012: $12,552 (it was $11,897 in 2000)
Estimated median house or condo value in 2012: $69,260 (it was $43,300 in 2000)
Avon Park: $69,260
Mean prices in 2009: All housing units: $113,584; Detached houses: $125,463; Townhouses or other attached units: $70,781; In 2-unit structures: $185,711; In 3-to-4-unit structures: $73,538; In 5-or-more-unit structures: $68,319; Mobile homes: $41,719
Median gross rent in 2012: $640.
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About the City of Avon Park
The first permanent settler in Avon Park was Oliver Martin Crosby, a Connecticut native who moved to the area in 1884 to study the wildlife of the Everglades. By 1886, enough people had followed that the town of "Lake Forest" was founded. In 2006, then-mayor Thomas Macklin proposed City Ordinance 08-06, which that would have blocked the issuance or renewal of city licenses to businesses that hired illegal aliens, fined any property owner who rented and leased property to illegal aliens, and established English as the city's official language, banning the use of other languages during the conduct of official business except where specified under state or federal law. The ordinance was defeated by the city council, on a 3–2 vote.
According to theUnited States Census Bureau, the city has a total area of 5.65 square miles (14.6 km2).4.64 square miles (12 km2) of it is land and 1.02 square miles (2.6 km2) of it (18.1%) is water
At the 2000 census, there were 8,542 people, 3,218 households and 2,114 families residing in the city. Thepopulation density was 1,841.8 per square mile (710.8/km2). There were 3,916 housing units at an average density of 844.4 per square mile(325.9/km2). The racial makeup of the city was 58.90% White, 29.2% African American, 0.32% Native American, 0.69% Asian, 0.05%Pacific Islander, 8.35% from other races, and 2.28% from two or more races. Hispanic or Latino of any race were 18.71% of the population.