Home Buying in Orlando>Question Details

Beth, Home Buyer in 32829

can bank owned homes ever be a lease option? i know that they are trying to get money and if the house is

Asked by Beth, 32829 Wed Dec 31, 2008

just sitting on the market they are losing money. I found a house I love but do not have the $~3k for the downpayment. I was approved for 100% if USDA but this house is a few streets into the nonUSDA area. If I could lease I would have that amt very quickly. The house is only $99K so very reasonable for me. I just paid $987 for my tiny 700ft2 1/1 apartment so anything is better. Just trying to see if I could get this house or should just look at the tiny houses in USDA area that need "major" work.

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beth,
how about getting the bank to give downpayment assistance, just did one.

dave lowe
broker / gri / e-pro / green

http://www.two4oneoforlando.com
1 vote Thank Flag Link Wed Dec 31, 2008
Beth,
I agree with the afore mentioned. Ask for closing costs or Down payment assistance. I have done these before.
Rick.
1 vote Thank Flag Link Wed Dec 31, 2008
Hi Beth

I agree you should look at asking the bank to contribute towards your down payment. Some lenders are willing to do a lease option. It just depends on the home and the lender. You never know unles you ask!

Michelle Bailey
1 vote Thank Flag Link Wed Dec 31, 2008
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