Homes You Can Buy With Just 100 Dollars Down Payment Around Orlando And Tampa Bay

Dated: 02/13/2018

Views: 1130

These HUD homes are a great opportunity to purchase a home for as little down as possible in today's market.  You will still need a deposit, usually $1000-$2500, but you will get that back at closing.  HUD has a home buying program in Florida that allows buyers to purchase their HUD homes for just a $100.00 down payment when you use FHA financing, which is one of the easier, if not easiest, loans to qualify for.  Some of the benefits of FHA financing are:

-allowing you to "tell the story" of your credit history. They don't go just by credit scores.  If the credit history has some dings, you can tell the story and explain what happened. They are very forgiving of medical bills, school loans, and hardship type issues.  They will want you to pay off any unpaid utilities though.

-allowing non-occupant cosigners to count their income for qualification.

-allowing up to 6% concessions for the seller to pay for buying costs (if the home costs $100k, the seller is allowed to pay up to $6k in your closing costs!

-allowing up to $10k in repair escrow (if the house is the one you want, but it needs a new HVAC, the FHA loan allows you to still close on this home without the new HVAC and allows you to pay for the repair to get the home closed).

-FHA 203k loan is a rehab loan that allows you to make the house YOUR HOME.  It will allow you to purchase the home and roll in the repair costs, up to $35k, after you close on the home.  Think about new roofs, hvac, kitchens, flooring, paint.


Here are just SOME of the homes around Central Florida that you can buy with just $100.00 down.  You will want to contact Ivan Duarte w/ Caliber Home Loans to see if you qualify.  It will be a quick phone call or you can apply online right here from our website:

{mls: O5562355}

{mls: O5561293}

{mls: O5562323}

{mls: O5561538}

{mls: O5561210}

{mls: U7845884}

{mls: U7828776}

{mls: T2922548}



And remember...If you want or need help in any or all of your Orlando real estate needs, don't hesitate to contact a local Orlando Realtor.  We also help those looking to buy Florida New Construction by giving a New Construction Rebate which helps buyers with closing costs or maybe furnishing that new home!

Blog author image

Jesse Smith

A lifelong native of the Central Florida area, Jesse Smith is knowledgeable about the many facets of Central Florida real estate, and can help you navigate your way through the buying/selling process ....

Want to Advertise on this Site?

Latest Blog Posts

HUD Homes Allows Florida Buyers Only 100 Dollars Down Payment To Buy

Is your dream to own your own home in the #Orlando market?  Are limited funds for a down payment holding you back?  There IS a solution to this dilemma.  If you buy a HUD Home

Read More

Create Your Own Farm With This Osteen Home For Sale With 12 Acres

Want to get away from the hustle and bustle? Look no further than this listing right here is Osteen! This 12 acre spread could be perfect for your weekend getaway. There are two dwellings on the

Read More

Are There Home Buying Incentives For You

Purchasing your first home can be a thrilling journey, and an incentive can help to lessen the burden. To qualify for this incentive, you don't need a massive pile of cash in the bank for a down

Read More

Sanford Three Bedroom You Can Buy For Just A 100 Down Payment Hud Home

You read that correctly!  You can buy this home with just a $100.00 down payment!   Great investment opportunity! Are you looking for that perfect affordable home in?

Read More