Depending on the area, USDA loans are $0 down or VA anywhere if you have veterans benefits. Otherwise you're looking at FHA which requires a minimum of 3.5% down (these funds can be gifted to you). Whether the property is a foreclosure, short sale or traditional sale the downpayment has more to do with the financing you are eligible for and the condition of the home (each loan program has minimum requirements).
Your best bet is to speak with a mortgage professional that can determine what kind of financing works best for you after looking at income and credit score.
Last time I showed Waterscape they had a perfered lender who was working with the developer. Have you talked with them? I believe this complex is still in the hands of the developer, so financing maybe difficult. I would suggest calling Lorena Spillar with Wells Fargo at 850-830-9948 or Sue Botehlo with Northstar Mortgage at 850-797-7946. They have help my clients in the past and are willing to answer questions. I know they both do financing for condos other then arms, so give them a call. Good Luck.
Let me know if I can be of further assistance.... more