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USDA Loan offers 100% financing on rural housing developmentThe USDA (United States Department of Agriculture) offers a barely known 100% loan financing program, called the USDA loan, that can help lower income families purchase homes. With funding up to 100% of the homes purchase price, payments on this mortgage are based on the household’s adjusted gross income. Commonly called Section 502 loans, this rural housing development government loan program offers some advantages to those who are unable to obtain conventional financing.

A few advantages of this program include: 

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

Normally, the home purchased will need to be in a rural area with modest prices for the area. The homebuyer’s income typically will also need to be below the median income for the area. 

Take a look at the USDA links below… they will allow you to search for eligible properties by address. You can also find the maximum income allowed based on geography and family size. You will be amazed at how many properties can qualify for this government loan program that are located just minutes from town. Some of the more developed locations like New Tampa, Fishhawk and Riverview suprised me that they too qualified for this type of loan! 

Click here for USDA Loan Application or call (800)975-7205 for more info.

http://www.flapropertyfinder.com/USDA_Loan/page_2218023.html

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Lease to own contracts are becoming more popular as homeowners are having trouble selling their homes and many buyers can’t get a mortgage due to tightening lending guidelines. But these rent to own deals are complicated with pros and cons on either side. read more

Rates on 30-year mortgages dropped sharply this week, falling to 5.93 percent, the lowest level in five months. The steep decline follows the government takeover of mortgage giants Fannie Mae and Freddie Mac. read more

TAMPA – As Florida’s coffers shrink in the face of a dour economy, confusion over a tax statute threatens to choke the flow of home sales at a time when the state is struggling under the burden of millions of unsold properties. The problematic statute mandates how much tax people pay when they sell a house.

In typical transactions, the law is clear about paying taxes on the price of the property, but as lenders agree to more short sales – allowing troubled owners to sell homes for less than the mortgage and writing off the rest – there’s disagreement over how much tax to charge.  read more

United States Representative Kathy Castor and area housing experts will stand up for Florida families during a workshop on Saturday, July 12 from 9 a.m. to 2 p.m. at Hunt Community Center at Al Lopez Park located at 4810 N. Himes Avenue in Tampa.  This workshop will feature housing and finance professionals to counsel constituents one-on-one about their foreclosure problems.  Participants include Freddie Mac; Wells Fargo; Veterans Administration; Credit Union Housing Partners; ACORN; Catholic Charities; Center for Affordable Housing; Chase Bank; City of Tampa; Coldwell Banker; Corporation to Develop Communities of Tampa; Fifth Third Bank; Florida Home Partnership; Housing Education Alliance; HUD and other community housing partners.  Congresswoman Kathy Castor invites everyone who is facing a tough time with their mortgage payments to join her and the other community partners in this foreclosure assistance workshop to save the American dream.  There is no charge to attend and reservations are not required.

Fannie Mae decided to allow 5 percent downpayments in declining markets, such as Florida, which will help encourage Florida new home buyers to come back into the housing market. NAR Chief Economist Lawrence Yun stated: “The Fannie Mae decision is huge and will have a positive impact, perhaps significantly, on the housing market. We are very appreciative to Fannie Mae for listening to us and agreeing.” NAR and other organizations have been calling on Fannie Mae & Freddie Mac to change the declining market down payment policy which disproportionately affects lower income families and minorities, as well as first time home buyers. Fannie Mae vice president for credit policy and controls, Gwen MuseEvans, told Realtors in Washington, D.C., last week “We heard the concerns of NAR and we reviewed and determined that changes in our policy were needed”.

RSS Tampa FL Homes for Sale

  • Palma Ceia Park - MLS# T2914476 November 17, 2017
    Last Update: Fri, Nov 17th 2017 12:31 pmProvided courtesy of Deborah Oxley of Keller Williams Tampa CentralLocation, location, location!! South Tampa 3/2 home is a 2 minute walk to Roosevelt Elementary School or 15 minute walk to HB Plant High all for $400,000. It is a nicely updated home with all the comforts of South Tampa location, close to Bayshore Blvd […]
  • Port Tampa City Map - MLS# T2894098 November 17, 2017
    Last Update: Fri, Nov 17th 2017 12:30 pmProvided courtesy of William Murray of Keller Williams Tampa CentralUNDER CONSTRUCTION NEW HOME- AVAILABLE NOVEMBER 2017 - Fabulous open floor plan that includes Luxury vinyl plank flooring, Moen plumbing fixtures, Kwikset brushed nickel hardware, brushed nickel vanity, dining room and pendant lights, 42" upper ca […]
  • Port Tampa City Map - MLS# T2892616 November 17, 2017
    Last Update: Fri, Nov 17th 2017 12:30 pmProvided courtesy of William Murray of Keller Williams Tampa CentralUNDER CONSTRUCTION NEW HOME- AVAILABLE NOVEMBER 2017 - Fabulous open floor plan that includes Luxury vinyl plank flooring, Moen plumbing fixtures, Kwikset brushed nickel hardware, brushed nickel vanity, dining room and pendant lights, 42" upper ca […]
  • Port Tampa City Map - MLS# T2889954 November 17, 2017
    Last Update: Fri, Nov 17th 2017 12:30 pmProvided courtesy of William Murray of Keller Williams Tampa CentralNEW CONSTRUCTION - MOVE IN READY!!! - UPGRADES INCLUDE REFRIGERATOR, SUBWAY TILE BACKSPLASH, CUSTOM WOOD WINDOW SILLS, BLINDS, VINYL FENCE AND SCREENED IN BACK PATIO. This stunning open floor plan includes Luxury vinyl plank flooring, 42" upper ca […]
  • Highlands 06 Unrec - MLS# T2905589 November 17, 2017
    Last Update: Fri, Nov 17th 2017 2:12 amProvided courtesy of Gail Sardegna of Keller Williams Tampa CentralJUST LISTED! WOW! Mobile Home use only. No flood insurance here. Well on property but no pump. After turning on Joshua, the property is between the addresses of 15447 & 15523 Joshua. No sign yet coming soon.
  • Victory Lofts A Condo - MLS# T2914262 November 17, 2017
    Last Update: Fri, Nov 17th 2017 2:09 amProvided courtesy of Nicholas Buchanan of Keller Williams Tampa CentralTRUE LOFT LIVING. SHORT SALE This modern boutique loft masterpiece is nestled in the heart of Channelside. The Model-T building was converted from a warehouse to modern lofts in 2005 with high-end finishes and a true-to-form loft style. This CORNER L […]
  • Marine Manor A Revised Plat - MLS# T2913372 November 17, 2017
    Last Update: Fri, Nov 17th 2017 2:08 amProvided courtesy of Jane Spector of Keller Williams Tampa CentralHave you been searching for a pristine Bungalow updated with the finest yet keeping with the integrity of the design? Welcome home! (3rd bedroom is an office, enclosed sleeping porch) Located in charming Bayshore Gardens, upon arrival, you are greeted wit […]
  • King Arthurs Court Condo - MLS# T2913184 November 17, 2017
    Last Update: Fri, Nov 17th 2017 2:08 amProvided courtesy of Dali Hernandez of Keller Williams Tampa CentralRARE 4/2.5 DUNEDIN Condo close to everything! This updated condo is the BEST unit at King Arthur. Laminate wood flooring throughout the condo & AMAZING sunlight, bright open living/dining concept is the best feature. 2nd floor 2 story unit is locate […]
  • 1301 Soho - MLS# T2912714 November 17, 2017
    Last Update: Fri, Nov 17th 2017 2:08 amProvided courtesy of Tisha Perry of Keller Williams Tampa CentralYou are just in time to purchase a condo that is UPDATED & MOVE IN READY in gorgeous South Tampa. This quaint, nice community is located in SOHO. Walking distance to amazing shopping, and restaurants. Very close to Bayshore as well. This 2 bedroom 1 ba […]
  • Amber Pointe - MLS# T2910304 November 17, 2017
    Last Update: Fri, Nov 17th 2017 2:08 amProvided courtesy of William Kilpatrick of Keller Williams Tampa CentralThis elegant condo is settled inside a gated community with all the attractions Orlando has to offer within a moment's drive. This home features a freshly renovated kitchen with ceiling height cabinets, the brand new stainless steal appliances […]
  • Davis Islands - MLS# T2907395 November 17, 2017
    Last Update: Fri, Nov 17th 2017 2:08 amProvided courtesy of Elif Fitts of Keller Williams Tampa CentralHere's your opportunity to own a 5 Bedroom, 3 Bath Davis Island Pool home without breaking the bank! Spacious home with DUAL MASTER SUITES - one on first floor, one upstairs. The large master suite upstairs boasts it's own fireplace, private balco […]
  • Noell Heights Unit One - MLS# T2899052 November 17, 2017
    Last Update: Fri, Nov 17th 2017 2:08 amProvided courtesy of Michael Notbohm of Keller Williams Tampa CentralSHORT SALE – SOLD AS IS: This 3 bedroom 2 bath features 1,402 sq. ft. of living space, in desirable Palm Harbor neighborhood. Home is a fixer upper and needs considerable amount of work. Most recent approved short sale amount is $170,000.
  • Barbers Lakeview - MLS# T2891687 November 17, 2017
    Last Update: Fri, Nov 17th 2017 2:08 amProvided courtesy of Virginia Bond of Keller Williams Tampa CentralLakefront custom home situated on 1.68 acres overlooking 880 acre Lake Thonotosassa. Offers over, $300,000+ renovations. Imported stone from North Carolina adorns the front elevation of this home along with a custom oversized storefront window with built […]
  • Lykes H T Sub - MLS# T2910692 November 16, 2017
    Last Update: Thu, Nov 16th 2017 2:14 amProvided courtesy of Michael Notbohm of Keller Williams Tampa CentralSTUNNING Key West style home in the heart of South Tampa. This 4 BEDROOM 4.5 BATH home with over 4,190 square is ELEGANTLY APPOINTED throughout. Beautiful upgraded gourmet kitchen with top of the line appliances opens to an inviting family room complet […]
  • Powers Central Park Sub - MLS# T2908067 November 16, 2017
    Last Update: Thu, Nov 16th 2017 2:14 amProvided courtesy of Virginia Bond of Keller Williams Tampa CentralADORABLE 3 bedroom, 1 bath with parking pad and laundry room. Heavily wooded for privacy, this 3 bedroom, one bath has a huge laundry room downstairs with Washer and Dryer hookups. FRESH PAINT throughout, This rental includes Range, microwave and refrige […]
  • Keysville Estates - MLS# T2914352 November 16, 2017
    Last Update: Thu, Nov 16th 2017 2:13 amProvided courtesy of Michael Valdes of Keller Williams Tampa Central16.2 acre vacant piece of land for sale in Lithia, FL 33547 only 15 minutes from FishHawk. Current 40 acre lot will need to be parceled to 16.2 acre section before closing. Alafia State Park 4 miles with 20 miles of horse trails,hiking, off road bike tr […]
  • Stonelake Ranch Ph 01 - MLS# T2727162 November 16, 2017
    Last Update: Thu, Nov 16th 2017 2:12 amProvided courtesy of Virginia Bond of Keller Williams Tampa CentralRESALE Lot #23. Make your dream home come to life on this 1.73 acre lakefront lot. This one of a kind lot is located in the gated, equestrian, luxury, master planned community of Stonelake Ranch. Live in this exclusive and secluded oasis in the heart of […]
  • Townn Country Park Unit 55 - MLS# T2913387 November 16, 2017
    Last Update: Thu, Nov 16th 2017 2:09 amProvided courtesy of Randall Heffernan of Keller Williams Tampa CentralCome see this well maintained Town and Country 4 bedroom, 2 bath charmer! This house is updated and move in ready! The home is a great house for entertaining with large common rooms and bonus sunroom in the back. Step into the front living/dining roo […]
  • Rocky Creek Estates - MLS# T2910636 November 16, 2017
    Last Update: Thu, Nov 16th 2017 2:09 amProvided courtesy of Jen Carlstedt of Keller Williams Tampa CentralWELCOME to worry free living! Everything you need is right here in Rocky Creek Estates! Situated on Rocky Canyon Way, toward the back of this fabulous subdivision awaits your new home. As you venture up the expanded pavered walkway, note the large porch […]
  • Casa Loma Sub - MLS# T2909898 November 16, 2017
    Last Update: Thu, Nov 16th 2017 2:09 amProvided courtesy of Michael Notbohm of Keller Williams Tampa CentralThis beautiful 1564 square foot 3 bedroom 2 bath home is turn key and ready for you to make it your next home. Recently updated air conditioning, interior paint, roof, and landscaping. All appliances including washer and dryer will be included with the […]