Financing in 32833>Question Details

Cutepinky113, Home Buyer in Orlando, FL

ARE THERE FARMERS HOME ADMINISTRATION HOUSES FOR SALE IN ORLANDO FLORIDA FHA I THINK FH A IS DIFFERENT ,?

Asked by Cutepinky113, Orlando, FL Sun Jun 12, 2011

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Here is a link to where you can find USDA loans (loans with zero money down needed, 100% financing ) depending on what type of home you are looking for, ie Single Family or Multi Family Dwellings: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do You can search and find maps for the precise areas you want to move to.

FHA loans are indeed a totally different type of loan, you would need 3.5% down to qualify, approvals for FHA loans arent so much driven by the location of the home, so much as the condition of the home. Also, only certain condos qualify for FHA loans.

I highly suggest you talk to a local loan officer in your area to find out which loan may best suit your needs.

Good luck!
2 votes Thank Flag Link Sun Jun 12, 2011
If you mean USDA yes there are homes that qualify in the outskirts of Orlando, take a look at the United States Department of Agriculture website, it has maps to show the areas homes are located that qualify. Rural communities like Independence is one neighborhood that come to mind, also Route 50 area just past and including Avalon, Oviedo has area also.

Dave Lowe, Real Estate Broker

Knowledge, Experience, Family Values
Web Reference: http://OrlandoHomeStore.com
0 votes Thank Flag Link Sun Jun 12, 2011
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