Down Home Mortgage Loans In Florida
a Florida 100% No Money Down Home
Loan or call us at 808-357-5326
100% No Money Down Florida Loans for just about
every type of borrower. We offer no down financing for Non Owner
Occupied homes for the real estate investor and no down for the
first time borrower with damaged credit.
the best investments is real estate, but for many potential buyers,
the problem is coming up with a down payment to make this all-important
purchase. This does not have to be the case.
are just a few of the examples of how we find 100% financing.
Homes- The Office of Housing and Urban Development
(HUD) offers special financing for first-time home buyers. This
program is based upon need and is designed to allow low-income
families to obtain their first home without a significant down
payment or closing fees. Also, many HUD foreclosure homes require
no down payments.
Federal Programs- The federal government also has
programs to help farmers and police personnel acquire homes with
nothing down. For those with limited income who wish to live in
rural areas, the Rural Economic and Community Development Administration
offers farmers home loans with nothing down. Monthly payments
may be subsidized and the interest can be as low as 1 percent.
To encourage police to occupy homes in crime-targeted areas, special
federal programs permit police officers to purchase homes in selected
areas with nothing down. Information is available to law enforcement
officers through their places of employment.
Loans - The method of purchasing a home with no money
down that most people are familiar with is through the Department
of Veterans Affairs, or VA. This benefit is available to active
and retired members of the military service, veterans, POW's and
MIA's and their unmarried widows. All branches of the service
including the Coast Guard are eligible. Also members of Selected
Reserves or National Guard who have completed six years may be
Foreclosures- What many people do not know is
that you do not have to be a veteran to purchase a VA foreclosure
with nothing down. VA foreclosures are available to the general
public. Some require nothing down or just a fee of $500. Although
the homes are sold from the VA, purchasers must obtain conventional
or FHA financing unless they are veterans or active military.
VA foreclosures with nothing down or $500 fees can be found among
those from banks, lending institutions and federal agencies.
Financing, Lease-Purchase - If a glut of unsold homes
develops in a market, some sellers -- especially those in a hurry
-- become willing to assist the buyer. There may be additional
pressure on sellers of used homes when they compete with builders
in their areas who fund down payments on new homes. These sellers
may agree to lease-purchase or owner-financing plans. In both
cases, purchasers do not pay down payments to acquire the properties.
Trading, Lines of Credit - Many investors acquire
zero down financing by trading one property for another. In some
cases, they trade one large property for several smaller rental
properties. Or they trade houses in different cities to acquire
a vacation or retirement home. Property trading is also a legal
way to avoid the capital gains associated with selling a property.
Another way to acquire a property may be with a line of credit
secured by the equity in another property. This allows the homeowner
to purchase another property using the accumulated equity without
selling the original property.