Homes and Land Brokers has a HOT new HUD Property listing: 374 Burt Pine Drive, Naples, FL 34119! You can even come check it out on August 14th from 1-3 at the Open House, where our agent Mike Provinzino will be able to answer any further questions about this property!
This 4 bedroom, 3 bath home in the gated Pebblebrooke Lakes community of Naples features vaulted ceilings & a bright & open family/dining room combo with sliding glass doors to the screened lanai for tons of fresh air & sunlight! The kitchen has a pantry, corian countertops, center island, & breakfast bar overlooking the family room – great for entertaining!
This home 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