FHA Loans - Jacksonville, Florida

FHA Mortgage Jacksonville Florida

 

 

Jacksonville Florida FHA Loans

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.

http://www.city-data.com/city/Jacksonville-Florida.html

 

Please keep in mind that the FHA loan program:

  •  Allows for lower credit scores than Fannie Mae/Freddie Mac
  •  Allows for a 580 middle credit score.
  • Requires three trade lines paid on time with a good rental history.

 



Florida Zillow Home Value Index

 

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.

 

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

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