FHA Loans - Jacksonville, Florida
Every day, due to unemployment and decreasing earnings less and less people qualify for a loan. If we were to talk about Jacksonville and unemployment figures 6 years ago we would say that Jacksonville was well ahead of the game because of a booming auto industry and busy port.
Surprisingly in August of 2012 Jacksonville had unemployment slightely above the average for Florida. 9.3%. Please see an interesting graph provided by the folks over at City-Data.com.
Please keep in mind that the FHA loan program:
Here is my favorite source zillow showing a nice tend on median home prices. In the last 4 months FHA interest rates have swung from 3.25% ! to 3.75% and hovering. If you are at all in the market you may enjoy checking into my Daily Rate Lock Advisory.
If you consider your self a First Time HomeBuyer you for the most part will take an FHA loan. If you have 20% to put down on a home, than you should consider a Fannie Mae Loan.
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