My father would like to purchase a but only has $20K . Is any property available?

Asked by Carleen, Windermere, FL Wed Aug 28, 2013

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Robert Guth, Agent, Cape Coral, FL
Thu Aug 29, 2013
That depends if you mean he has only $20,000, and doesn't qualify, or doesn't want to finance. If he has $20,000 for a down payment, then he should apply for mortgage financing. If he only has $20,000 cash, and wants only to pay cash, finding a home that cheap is going to be very hard, and could be a wreck.
0 votes
Yanoska Diaz, Agent, Miami, FL
Thu Aug 29, 2013
$20,000 goes a long way if you qualify for the right program. What is your father looking to purchase? There a fabulous incentives in our new construction developments which I think it would be the best way to go. Please feel free to email me and I will provide you with additional information.
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Stephen McRo…, Mortgage Broker Or Lender, Tampa, FL
Wed Aug 28, 2013
==
That is a pretty broad question, but have him look at these programs

100% LTV- VA
100% LTV- USDA
99% LTV- FHA/580 score @ lower LTV

97% LTV- NO PMI
97% LTV- CONDO- NO PMI
90% LTV- 2nd Home- NO PMI
90% LTV- JUMBO- NO PMI
85% LTV- Super Jumbo- NO PMI
80% LTV- Invest. /Rental
80% LTV- Foreign Nationals
70% LTV- Manf. Homes over 90k

STATED INCOME ALT-up to Super Jumbo

90% LTV- Short Sale, BK, Foreclosure Forgiveness
80% LTV- FIX n’ FLIP Invest. Prop.
75% LTV- Foreign Nationals
70% LTV- Soft and Hard Money

COMMERCIAL PROGRAMS-nationwide

Steve McRory
Pro Option Mortgage/ Florida
steve@pro-option.com
http://WWW.PRO-OPTION.COM
Ph: 888 662 4404
Fax: 877 440 0909
#204296
Prior Service U.S. Marine Corps
====
0 votes
Ileana Umpie…, Agent,
Wed Aug 28, 2013
Hi Carleen,

Please send me an email to info@thegteamrealty.com to further discuss what he is looking for and find you some options.

Thank You,
Ileana Umpierre
The G Team
info@thegteamrealty.com
305.469.6280
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