About Lakeland's Eaglebrooke

Eaglebrooke Homes for Sale - Lakeland Florida

Eaglebrooke in Lakeland FL is located in a rural area that offers a peaceful and tranquil atmosphere. You will surely take in the lush green highly maintained landscaped properties, tree lined streets and exquisite homes and feel relaxed and rejuvenated. This 24 hr. manned gated country club community offers beautiful homes for sale. You can find great deals for the first time homebuyer as well as for the most discriminating buyer. There are various layouts and floor plans, to suite the needs of you and your family. Many homes come with 3 to 5 bedrooms and 2 and 3 car garages. Space, square footage and prices vary.

Most homes for sale in Eaglebrooke in Lakeland offer amazing outside amenities, including screened in patios and beautiful swimming pools. Eaglebrooke in Lakeland sits on the beautiful 18 hole champion, Eaglebrooke Golf Course. Open in 1996 and designed by Ron Garl, this is amazing golf course is a true gem in this Southern Lakeland community.

For more information on Eaglebrooke homes for sale in Lakeland Florida and other luxury properties in the area see the interactive map below or call me at (863) 619-6918

I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR(R) at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland FL real estate landscape and all it has to offer.

Copyright © 2011 By Petra Norris *Eaglebrooke Homes for Sale - Lakeland Florida*

Eaglebrooke in Lakeland is an exclusive luxury golf community in the much desired area of South Lakeland Florida in Polk County.

Eaglebrooke in Lakeland FL is located in a rural area that offers a peaceful and tranquil atmosphere. You will surely take in the lush green highly maintained landscaped properties, tree lined streets and exquisite homes and feel relaxed and rejuvenated.This 24 hr manned gated country club community offers beautiful homes for sale. There are various layouts and floor plans, to suite the needs of you and your family. Many homes come with 3 to 5 bedrooms and 2 and 3 car garages. Space, square footage and prices vary.

Copyright © 2011 By Petra Norris *Eaglebrooke Lakeland Florida Homes for Sale – Gated Golfing Community*

1) Limited Funds. There is a certain amount allocated each year by congress and getting additional funds allocated in the 4th Quarter to off set shortfalls is HIGHLY unlikely giving the on-going battle over deficit spending. With the increased demand for FHA loans brought on by QRM (Quantitative Risk Management) which is looming and likely to happen there will be an increased demand for FHA Mortgages for their lower down payment requirements. Increased demand for something with limited supply forces prices higher. In short; the 4th Quarter of 2011 could see far less and far more expensive financing for those with less then 20% down.

2) Limited Funds. The FHA does not have sufficient reserves so they increased the amount of their MIP (Mortgage Insurance Premiums) to increase reserves except they set it up to target long term shortfalls and forgot to increase their up front premium leaving themselves once again with a current and immediate shortfall. This makes it almost certain that another increase in MIP is on its way this year.

3) Limited Funds. The FHA is rumored to be looking at tightening their lending guidelines to off set the short falls. Higher down payments from 3.5% to 5% and reduced seller paid concessions down from 6% to 3% is the rumored possibilities.

4) Limited Funds. The present loan limits will be slashed. Presently, FHA will insure loans as high as $729,250. in high cost areas. Look for loan limits to be reduced by a minimum of $100,000.

5) FEDS will increase Interest Rates as inflationary presure mounts. Higher gas prices add cost to nearly everything else we buy. Higher interest rates make buying a home less affordable and that results in fewer home sales at lower prices.

The Pro's and Con's of FHA/VA/USDA Home Loans In Lakeland Florida

If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home.

The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used.

The VA and USDA Loans do not require mortgage Insurance but have a funding fee that is financed into the loan. The USDA funding fee is currently 3.5% but expected to rise with the growing number of defaults. The VA funding fee varies and is determined by the veterans DD214 and Certificate of Eligibility.

Here is a snap shot of the type client that may choose one of these loan types.

VA Loan - An active member or a former member of the armed forces.

USDA Loan - A person living in or wanting to buy a property that resides in an area that typically has under 10,000 other residents.

Conventional Loan - A person with clean credit and 5% or more saved for the down payment of their new home.

FHA Loan - A person with past credit issues that have been resolved in the last year who does not have any money saved for a down payment but who has a relative that will give them the money to put down and/or co-sign on the loan for them.

The Interest Rates on all of the above mentioned loan types are at their lowest levels in the past 100 years. Some are opting for the 5 year arm which is fixed at 3% for the first 5 years of the 30 year loan term. Most of whom plan to refinance or sell the property within the next 5 years.

Senior Home Loan Originator Jim Poole

NMLS #351358