- 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
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.
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!