100% FHA Zero Down Financing Program
100% FHA Zero Down Financing Program
Own Your Dream Home in Florida with Zero Down Payment
Unlock the doors to your new home in Florida with the exclusive 100% FHA Zero Down Financing program, designed specifically for eligible FHA borrowers in the state.
With this program, you’ll enjoy these benefits:
- No Down Payment: Qualified FHA borrowers can apply for a second lien to cover the required down payment.
- Full Down Payment Assistance: Receive complete coverage for the entire 3.5% FHA down payment.
- Total Financial Support: Get full down payment assistance along with an additional 1.5% to put towards closing costs, totaling up to 5%.
Advantages of 100% FHA Zero Down Financing
A Tailored Solution for Homebuyers Our 100% FHA Zero Down Financing program offers unmatched advantages for homebuyers seeking FHA financing:
- Lower Credit Score Requirements: Access homeownership with more flexible credit score criteria.
- Lower Interest Rates: Benefit from competitive interest rates to ease your financial burden.
- Flexible Income and Debt-to-Income Guidelines: Our program accommodates varying income levels and debt-to-income ratios.
Guidelines
Available for both first-time and repeat buyers seeking down payment assistance, the 100% FHA Zero Down Financing is the perfect solution for your home buying journey.
Are You Eligible? Discover Eligible Property Type
Find Out If You Qualify To be eligible for this program, you need to meet the following criteria:
- Minimum FICO Credit Score: 620 (640 for Manufactured Homes).
- Maximum Debt-to-Income (DTI) Ratio: 50%.
- Qualifying Income: Up to 160% of the Area Median Income (AMI) for the county.
- Property Type: The property must be your primary residence.
Eligible Property Types: Choose from a range of eligible property types for your primary residence:
- Single-family homes
- Multi-family homes up to 2 units
- Condos
- Manufactured homes (1 unit only)
Ineligible Property Types: The program does not cover the following property types:
- 3-4 unit properties
- Commercial enterprises
- Boarding houses, hotels, motels, and condotels
- Tourist houses, private clubs, bed and breakfast establishments, and other transient housing
- Vacation homes
- Fraternity/Sorority houses
- Properties not conforming to the area or with dissimilar comparables
Take the First Step Toward Homeownership! Embrace this incredible opportunity to own a home in Florida without any down payment. Verify your eligibility for the 100% FHA Zero Down Financing program and start your journey towards homeownership today!
Click on the below Apply Now button to be taken to our secure online loan application
Orca Home Loans
NMLS #1904915 | Company NMLS #1393730
Licensed In: FL
MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER
Important Disclosure | NMLS Consumer Access
CONTACT Us
- (407) 501-4936
- broker@localchoicerealty.com
- Orlando, Florida, US
Service Areas
- GAINESVILLE
- OCALA
- ORLANDO
- TAMPA BAY
- SARASOTA
- THE VILLAGES
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Local Choice Realty LLC is a licensed real estate broker, licensed to do business in Florida. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), which should be independently verified, and Local Choice Realty LLC expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity. Florida License Number CQ1066875
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