Zero Down Payment Home Loan in Tampa, Florida
Foreclosed Homes are very prevalent in todays economy. It is estimated that in Tampa, Florida some 70% of todays listings are short sales or REO (real estate owned by the bank) homes. While most of these homes have conventional mortgages, a small percentage had FHA mortgages.
Foreclosed Homes that were insured by HUD are eligible for no money down mortgages. For literally $100 - $1000 escrow deposit and a pre-approval letter from a lender, you can buy a home like this one and have 0 down payment on the home loan requirements and even 2.49% of the closing costs included. This is not a special program nor will it expire anytime soon
Repairs and Kitchen Appliances Included. With the 203(k) loan, the cost of repairs to a house are included. Those costs cannot exceed $35,000. And the buyer does not make a mortgage payment until the work is complete. Yet still the home loan is a zero down purchase.
See the list of Tampa properties for yourself that qualify for zero down payment home loans in Tampa. This list of zero down home purchase eligible properties in Tampa changes every Friday. New homes are put up. Homes are awarded based on bids. Not moving to Tampa or Hillsborough county? You can also find a list of homes that qualify for zero down home financing in the entire state of Florida.
Most mortgage payments are cheaper than rent. According to the a recnet post on Simply Hired, Tampa's median rent is $720. For the average 3 bedroom home, mortgage payments are $564
Here is example of a home for sale with 0 down payment home loan.
This nice 5 bedroom home comes as a zero down purchase.
Let us know if the mortgage animal can assist you in helping you find and finance the next (or first) home of your dreams for 0 down payment.
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Chuck Ward
Executive Director Florida Mobile Fusion |
Office: 813-388-9181
Email: chuck@floridamobilefusion.com Web Address: http://floridamobilefusion.com
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