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

Dated: 02/13/2018

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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:

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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!

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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 ....

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