About Plant City's Walden Lake

Walden Lake is a wonderful community. The community currently has several 3 bedroom/2 bath homes currently listed under $100,000. Walden Lake has outstanding amenities such as boat launch, dock, playground, fitness, golf course with 36 holes of golf, clubhouse, olympic size pool, tennis, park, and over 6 miles of walking/cycling trails . Walden Lake even has polo. The top-rated Walden Lake Elementary School is a short walk away, Tomlin Middle School and Plant City High School are also close by. Residents can even go fishing and sailing on beautiful Walden Lake. Many of the homes have backyards that either border the golf course, lake or woodlands. There is also a day care center on-site. To look for homes for sale or rent on MLX in this subdivision and others in Tampa Bay and Pinellas area go to my website by clicking on Tampa Homes.

The contents of this posting are the property of Pam Joffe and Solaris Realty of TampaBay. Pam Joffe is a broker working in the Pinellas and Hillsborough area helping buyers and sellers buy and sell homes. Contact Pam at 813-245-0316 to list your property for sale or to purchase a property in Hillsborough, Pinellas or Pasco County area. Information is provided in this blog with the intent to educate homeowners and buyers about Tampa, St. Petersburg, Clearwater, Brandon, Wesley Chapel, Lutz, Valrico, Odessa and other communities in the Tampa area. For more information on different communities and subdivisions go to my website by clicking on Tampa Homes. You can also call 813-245-0316

FHA Loans Now Available With Credit Scores As Low As 500

GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores.

Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500.

Some of the necessary common sense requirements are:

1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!

2) Borrowers must show a propensity to save money and/or pay down debt

3) Borrowers must have a solid 2 year work history with 6 Months minimum on current job

Exceptions to this rule can be made on recent college graduates with a job that is related to their degree

4) Borrowers must have their own down payments of 3.5% ( NO GIFTS ALLOWED)

5) NO INCREASE in current Rent/Mortgage payments

6) Owner occupant borrowers only

For more information on this dynamic new loan program call or email me today

Start living the care-free lifestyle in the Eagles Green condominium community located in the heart of Walden Lake! You can find 2 bedroom, 2 bath, 2 car garage condos surrounded by lush landscaping. Every condo is just steps to the heated neighborhood pool. Residents don't have to worry about yard or exterior maintenance as it is all maintained by the community.

The Walden Lake community has villas and single family homes. Sections are gated. Walden Lake has outstanding amenities such as boat launch, dock, playground, fitness, golf course with 36 holes of golf, clubhouse, olympic size pool, tennis, park, and over 6 miles of walking/cycling trails . Walden Lake even has polo. The top-rated Walden Lake Elementary School is a short walk away, Tomlin Middle School and Plant City High School are also close by. Residents can even go fishing and sailing on beautiful Walden Lake. Many of the homes have backyards that either border the golf course, lake or woodlands. There is also a day care center on-site.

Walden Lakes is close to I-4 so there is easy access to Tampa, Lakeland and even Orlando. Shopping, medical, dining and other recreational areas are nearby. Call us today to see the great real estate in Walden Lake of Plant City.

To find out more about Tampa Bay and look for homes for sale or rent on MLX in this subdivision and others in Tampa Bay and Pinellas area go to my website by clicking on Tampa Homes.

The contents of this posting are the property of Pam Joffe and Solaris Realty of TampaBay. Pam Joffe is a broker working in the Pinellas and Hillsborough area helping buyers and sellers buy and sell homes. Contact Pam at 813-245-0316 to list your property for sale or to purchase a property in Hillsborough, Pinellas or Pasco County area. Information is provided in this blog with the intent to educate homeowners and buyers about Tampa, St. Petersburg, Clearwater, Brandon, Wesley Chapel, Lutz, Valrico, Odessa and other communities in the Tampa area. For more information on different communities and subdivisions go to my website by clicking on Tampa Homes. You can also call 813-245-0316.

Government Home Loans FHA/VA/USDA in Plant City Florida are still being used in most purchase transactions. I specialize in FHA, USDA, VA Loan products.

When it comes to less out of pocket expense at a rate that is competitive with other lenders such as the conventional types more people are choosing to go with the Govies; which are aka FHA, VA and USDA Loans.

However lenders are not always willing to adopt into practice the new programs being passed down by HUD. Lets just say it would appear that this particular program isn't being accepted with open arm's on main street so far.

HUD recently launched a program aimed at helping people who are current on their mortgage loans; refinance to the lower prevailing rates being offered through FHA and VA Approved Lenders even if they are under water or up-side down on their mortgages due to reduced property values.

FHA Launched a Refinance Opportunity for Underwater Homeowners who are in good standing with their current Lenders. Not just FHA Loans but all type loans.

Here is how the program is designed:

The program states that if a responsible homeowner can get his or her current lender to WRITE OFF or FORGIVE a minimum of 10% of the current loan balance; then they will do a loan for up to 115% of the property value.

So if the balance is $300,000. the lender must agree to shave off a minimum of $30,000. of the borrowers loan balance. The problem lies in how willing will lenders be to do that for a loan that is currently being paid as agreed?

In the real world lenders are focused on mitigating current defaults rather than reducing the balances owed on loans that are in GOOD STANDING.

So far I have yet to find an FHA Lender who has adopted this program into their portfolio. It seems that in some cases at least there is a disconnect between what is being passed down by HUD and what works in the real world.

The program was designed to encourage principal write-downs for responsible borrowers. Unfortunately lenders have yet to get encouraged by the write downs or by the 115% loan program itself.

I know this article has to do with REFINANCING but everyone probably knows someone personally that is in this situation and would like to use this particular program. What home owner who is current on their loan and owes more on their property than it is currently worth wouldn't want a 10% balance reduction as well as a 2% rate reduction? So my issue is the same as every responsible home owner; why isn't it being made available on main street?

UPDATE 1/26/2011 - Lenders are now adopting this program as part of their portfolio; please contact Jim Poole at 813-205-7958 if you are interested in applying for this program ASAP as the program is only being offered for a limited time.

For more information on Government Home Loans FHA/VA/USDA in Tampa Florida I can be reached by phone at 813-205-7958.

Properties located in the State of Florida only at this time.

Plant City is a great place to live. It has planned communities, rural areas, townhome communities, lots of activites and an easy commute to Tampa.

You can search available homes via the MLS right here: Florida Home Searches.

Looking for a property manager in Plant Ciyt? To see our reasonable rates and great service check out our services on Tampa Homes

Deana E. Cuevas

Solaris Realty of Tampa Bay, Inc

(813)966-3907 - Deana Direct

(813)657-6223 - Office

Deanacuevas@gmail.com

www.tampahomeguides.com

Deana Cuevas is an agent working in the Pasco, Polk and Hillsborough area helping buyers and sellers buy and sell homes. Contact Deana at 813-966-3907 to list your property for sale or to purchase a property in Hillsborough, Polk or Pasco County area. Information is provided in this blog with the intent to educate homeowners and buyers about Tampa, St. Petersburg, Clearwater, Brandon, Wesley Chapel, Lutz, Land O' Lakes, Riverview, Plant City, Lakeland, Valrico, Odessa and other communities in the Tampa area.