Two new HOT properties have hit the MLS in Southwest Florida this past week! These two HUD properties are listed at an affordable cost, and there are some great financing programs in place to help you secure these two dream homes!
Take a look at 749 Evening Shade Lane Lehigh Acres, FL 33974. This well-kept 3 Bedroom, 2 Bathroom, 3 Car Garage home is well equipped with a number of attractive features. The home is just over 1,800 living square feet, and is situated on a corner lot in Shadow Lakes, a gated community in Lehigh Acres, FL. This home features stainless steel appliances, granite counter tops, tile and wood laminate flooring. It also has a screen lanai overlooking the playground. Homeowners can also enjoy a formal dining room setting or turn the space into a den. Shadow Lakes has very low HOA Dues, under $100/Month! Click here to see more photos or find out more about this beautiful property 749 EVENING SHADE LANE
Check out 819 Umber Drive Fort Myers, FL 33913. This 4 bedroom, 2 bath, 2 car garage home is located in Mirror Lakes and has a great split plan layout with a large master bedroom, completed with walk in closet, island in kitchen and so much more! This property is located in a quiet community just off SR-82! Click here to view more photos and find out more information on this property: 819 UMBER DRIVE
These two homes could potentially be YOURS, for those who qualify, FOR ONLY $100 down!! Read below to find out more about the FHA HUD $100 Down Program!
FHA HUD $100 Down Payment
While searching through the Southwest Florida Real Estate market, you have certainly come across the normal down payment for a FHA home loan, which can be 3.5%, max 96.5% financing. The FHA loan program is an alternative option that has helped millions of buyers unlock the door to homeownership over the years through minimum down payment mortgage options. The main reason HUD offers the $100 down payment program is to sell HUD foreclosed homes fast and quickly get owner occupant into the homes. To qualify for this fantastic program, a home buyer must purchase a HUD home with FHA financing (30 or 15-year fixed rate) and promise to occupy the property for at least 12 months (investors excluded).
So what are the great benefits of the Florida FHA HUD 100 down program?
- Flexible credit qualifying under normal FHA Guidelines.
- Low secure fixed interest rates, just like the regular FHA program.
- $100 down payment instead of the usual 3.5% minimum FHA requirement.
- Eligible for up to $5,000 in escrowed repairs.
- HUD can also pay buyers closing costs as part of the contract negotiations.
- Even though buyers only have to pay $100 down payment, they will still need a earnest money or “good faith” deposit when their contract is accepted
The $100 down program is a great program for first time home buyers who often have limited funds for a down payment and closing costs!
If you are interested in hearing more about either of these gorgeous homes or wish to know if you qualify for the $100 Down Program, please contact Homes and Land Brokers, Inc: 239.598.9200