Tuesday, June 23, 2015

Zero Down Financing Available In Greater Orlando

Saving for downpayment? Nope.
Saving for closing costs? Nope.
Money to purchase appliances or paint? Nope.
...you can purchase a home with 100% financing!!  
Is this you?  Or, are you and your partner trying to get ahead but find it impossible to save to buy a house? Then consider USDA financing.  It is income based, so if you/partner have a household income (combined) of $75,600 your income qualifies for the program. 
Since USDA is the old Rural Financing Program, the areas eligible for 100% loans are outside DT and the immediate areas. 
The current map of eligibility for USDA is quite large and includes the following communities: Areas of Kissimmee, extreme East Orlando, areas of Apopka, the area just south of Lake Nona in St. Cloud, Winter Garden, Davenport, Ocoee, Groveland, Orange City, Wedgefield (acre + lots), Geneva, Poinciana, Celebration & Haines City.
Program requirements
  • No Down Payment Required
  • Seller paid closing costs OK up to 6% of purchase price
  • No Pre-payment penalty
  • Max. loan amount is $417,000
  • 620 Credit Score required
  • New and existing homes OK
  • 30-year fixed rate loan
   Maximum adjusted gross household income:
    1-4 Person: $75,650
    5-8 Person: $99,850
Loan approval is fast...ask how & begin looking at houses!

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