This product can finance loans > $417,000 as well. I am local, located on the west end of Panama City Beach.
Bank of England
Lee Ann Arrigo - Beach Community Mortgage
Bus: (850) 315-4100
Mobile: (850) 461-1018
Bus Fax: (850) 315-4102
I hope this answers your question. Please let me know if there is anything further I can provide. I can be reached at KenKoger@gmail.com or 850-621-2347.
Have a great day!
Regions.com or you may call her today at 850-585-8448. She can assist you through the process of prequalification and give you guidance as to the very best financing options that you have.
Are you specifically looking for a primary residence, a condo, or a townhome? They all carry very different financing options and it will be based on the property being your primary home or a secondary home as well as your credit score. I can assist you through the process from start to finish and look forward to assisting you.
Kelly Klein, Lifeguard Real Estate, Inc.
I would advise speaking with a Mortgage broker 1st. Purchasing with less than 10% down will be very hard unless you go FHA, USDA, or VA. I did some research and it appears that the limit for FHA in Walton county is only 362,790. If you have a bank that you work with that will do an in house loan and you are a "Private Client" you may be able to find an attractive financing deal that may work. In most cases on a conventional loan we are seeing banks require 20% down. I hope this helps. Feel free to call me for a list of competitive lenders.
Regarding financing, it will depend totally on the type of property (single family, condo, etc) as to your down payment. I ran the stats and their are currently 36 properties in Sandestin that fit that description on the market .
Running the numbers, you will be cutting it close on the down payment as most want 20% down. At $500k that would be $100k down. You may have other options if this will be your primary residence.....if not, you may have to lower your price point.
Hope this helps.