100% Financing

The United States Department of Agriculture offers a little-known financing program that can help lower-income families purchase homes. With funding up to 100% of the purchase price, mortgage payments would be based on the household's adjusted gross income.



Commonly called Section 502 loans, the program offers some advantages for those who are unable to obtain conventional financing.

A few advantages include:

• 100% financing with no down payment
• No maximum purchase price
• Buyer's closings costs may come from any source, including gift money
• Home repair and improvement monies can be included in the loan
• 30-year fixed rates
• No minimum credit score
• Mobile homes on land may be eligible

Typically, the properties would need to be in a rural area with modest prices for the area. Buyer's income typically will need to be below the median income for the area. The link below will take you to the USDA Rural Development website to search for eligible properties by address. You can also find the maximum income allowed based on geography and family size. Go ahead and take a look. You might be surprised at how many homes can qualify just minutes outside of town.

Orlando Home Values

Did you hear on the news this morning that Orlando is the number one city in the country with decreasing home values and it is only gonna get worse. Second is Miami, Jacksonville, Tampa and so on.
This cannot be good news for current homeowners who are not in trouble with their loans.
This continues to be an excellent time and an opportune time for buyers to snatch up some deals and why not. Buyers you have to act now and take advantage of the $8000.00 the government is handing to you for buying a home in this market.

Cindy Adkins, GRI, Realtor
Grace Realty, Inc.
407-921-5541
email: madkins5@cfl.rr.com
www.lakebrantleyarea.com

Buyers of Real Estate

Attention buyers: Don't sit on the fence too long before buying a home in 2009. The government is offering you $8000.00 to buy a home if you are a first time homebuyer or if you have not owned for 3 years or more. There is nothing like free money given to you.
I have a customer that just closed on a townhome in Sanford and she was a qualified veteran, so she took advantage of her VA Eligibility and got into this townhome for 100% financing, the seller paid all her closing costs, she even got money back at closing. She also filed her taxes shortley after closing on her townhome and she is getting the $8000.00 back in cold hard cash. So it does work.
I encourage all of you to take advantage of this stimulus money and I can help you.
As a 20 + year veteran in the real estate field as a professional realtor, I have helped many families over my years. I am here and ready to help you buy.
If you are a seller, I can help you sell and let your buyer take advantage of this $8000.00 money.
Don't hesitate, now is the time to act.
Call Cindy Adkins, GRI, Realtor
with Grace Realty, Inc. in Winter Park, FL
at 407-921-5541 or email me at cindy@grace-realty.com.
Visit me at www.lakebrantleyarea.com or feel free to search for homes at the following link:
http://www.myfloridahomesmls.com/cindyadkins