HUD Homes From Central Florida To Tampa Bay For Only 100 Dollars Down Payment

Dated: 03/17/2018

Views: 585

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: S4858283}

{mls: O5567728}

{mls: P4719471}

{mls: T2929252}

{mls: T2922548}

{mls: U7851365}

{mls: U7851132}


Smith Realty has offices in the Orlando and Tampa Bay markets.  We cover the territory there and in between the two markets.  If you would like to know how to buy these homes for JUST $100.00 down, let us know.  It is very simple.  Smith Realty is a local listing broker for Sage Acquisitions, the Asset Management company for HUD (U.S. Department of Housing and Urban Development).  We can help you make your offers/bids for these homes.  You must have a NAID certified broker in order to offer/bid for these homes.  We are the local experts!


And remember...If you want or need help in any or all of your Orlando real estate  and Tampa Bay Real Estate needs, don't hesitate to contact a local Orlando Realtor or Tampa Bay 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 ....

1 comments in this topic

  • Posted by Howard Williams
    03/19/2018
    I am looking to purchase a home with the help of hud

Want to Advertise on this Site?

Latest Blog Posts

Did You Know You Only Need 100 Dollars As A Down Payment For Florida HUD Homes

How to buy a HUD Home in Florida for just $100.00 as your down paymentOnly a $100 down? Seems too good to be true, but it’s the real deal. Right now, HUD is committed to making

Read More

DIY FOR THE SUMMER

 DIY FIRE PIT FOR YOUR BACKYARDSummer is finally here which means plenty of nights spent enjoying the outdoors. While the days may be warmer than usual, some nights are still a little chilly.

Read More

JUNE MAINTENANCE

Are you hanging by the pool and enjoying your outdoor space? I hope so, as one of my favorite things about being a Florida resident is our outdoor living.  That outdoor space needs the same

Read More

Sanford Three Bedroom For 71k HUD Home Down Payment Special

#Sanford buyers and #Investors, are you ready? This 3/1 block house is a great deal at $71k. Owner occupants can purchase this home, do repairs, and close with just $100.00 as your down

Read More