Orlando Real Estate Mortgage Money Specials
July 8th, 2008 by tisnerSpecial programs and the latest FHA financing available for your Orlando Home Purchase.
Orlando Florida Real Estate is still presenting many opportunities for special mortgage financing and choices.
First the new FHA limits for Orange County Orlando and Kissimmee
Orange County | One Family | Two Family | Three Famiy | Four Family | Last Revised | Kissimmee |
Florida | $353,750 | $452,850 | $547,400 | $680,300 | July 8,2008 | Same |
Just in from Cindy Hall President of Mortgage Solutions are some 100% financing loans.
These 100% financing loans are currently available for homes located in Orange County. Where? Ocoee West of Clark Road, all of Winter Garden and areas out to the Lake County line. All of Lake County is included.
There is also territory in Polk County including Davenport. Here we will have to check specific property addresses to be sure it is located in the approved territory.
What else do you need to know about this available financing?
There are also income restrictions that can be reviewed when you prequalify.
Here is another feature that makes this loan so attractive. There is no morgage insurance premium which will make the monthly payment lower than previous loans of this type.
FHA loans now make it possible to get the buyers in for almost no out of pocket costs, utilizing seller funded down payment grants and seller paid closing costs. There are no income or geographical restrictions with FHA financing.
These are great programs to help buyers get in homes!
Listen to the latest information about new changes in FHA financing from our podcast.
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For more information about these FHA rates and specifics check the FHA website. If you are a Veteran there are also opportunities with VA loans available just for Veterans. Here is a list of the frequently asked VA loan questions.
If you want to explore your options call us today and let us help you find your dream home in Orlando Florida.