Home Financing Ninja

Zero Down Payment Home Loans in Tampa, Florida

Well it is Friday.  That means that it is time for this weeks snap shot of qualifying newly listed homes that have 0 down payment home loan requirements.

As I previously reported in my article about Zero Down Payment Home Loans in Tampa, Florida the Dept of HUD regularly insures homes against default.  Although a small percentage of homes in America were backed and insured by HUD in the "old days", FHA mortgages are becoming more and more popular due to the down payment requirements (formerly at 3%, now at 3-1/2%).

However, a little known program long buried in the vaults of HUD and FHA allows for a small percentage of homes to be sold for as little as $100 down plus 12 months of insurance.  This program is known as the "Hundred Dollars Down" program and is the last remaining zero down home purchase program other than VA (which is for a select number of people) and USDA (which is income and property specific).

These homes that qualify for 0 down payment home loans in Tampa, Florida generally have mortgage payments that are lower than the average rent.  Also, repairs are included into the mortgage and payments, in some cases, can be deferred up to six months

Take, for instance, this home in Riverview, a southern suburb of Tampa, Florida.  A 2001 beauty that boasts of 1,511 square feet.  This home is sold as is on a bid basis.  Owners who live in the house can buy this thru the special Zero Down Payment Home Loans in Tampa, Florida. Assuming a fixed thirty year zero down home purchase, mortgage payments (just the principle and interest portion) for this home range from $407 to $516 monthly

Or this home.  Also located in Riverview.  Here is a single family residence, 2 bedrooms and bathrooms, one car garage built in 1999.  As is price of $75,000, owners who buy this and use it as a primary residence, the special Zero Down Payment Home Loans in Tampa, Florida, the mortgage payments (again, just the princple and interest portion) ranges from $355 to $450 monthly

Are you a first time home buyer with bad credit? Are you one of the thousands of people looking to buy real estate with bad credit?  We can help you with your credit (legally and honestly) thru our assisted credit audit and verification service.  All costs associated with this are refunded to you at the time of closing.  You too can qualify for the special Zero down Payment Home Loans in Tampa, Florida.

Fill out an application for this Zero Down Home Purchase in Tampa, Florida