Federal Housing Grants Available In Hernando County Florida

Federal Housing Grants were approved by the Obama Administration in response to the ailing housing market on December 23rd 2010. In an effort to help families find decent housing and to prevent future foreclosures the Obama administration announced nearly $73 Million in housing counseling grants to more than 500 national, regional and local organizations. As a result of the funding announced, hundreds of thousands of households will have a greater opportunity to find housing or keep the homes they have because of the housing counseling and counseling training grants awarded by the U.S. Housing and Urban Development Secretary Shaun Donovan.

For a list of all Federal Housing Grants, organized by state, visit:

http://portal.hud.gov/hudportal/documents/huddoc?id=recommendedawards.pdf

For a summary of each Federal Housing Grant  visit:

http://portal.hud.gov/hudportal/documents/huddoc?id=housing grants descriptions.pdf

PURCHASE AND REHAB YOUR HOME IN HERNANDO COUNTY FLORIDA WITH AN FHA 203(K) LOAN - Most home buyers are turned off at the sight or even thought of buying a fixer-upper; a foreclosure or an older home today. However, educated and informed home buyers are utilizing the FHA 203(k) loan to buy their new home and fix it up with no additional out-of-pocket expense.

The FHA 203(k) loan is a tool that savvy home buyers, successful contractors, Realtors and mortgage originators have been using since 1978. An FHA 203(k) loan is very similar to the traditional FHA loan. The only real difference is that with the FHA 203(k) loan, the home buyer is adding money to their mortgage balance to finance-in any repair/improvement cost.

Whereas the traditional FHA loan requires that certain repairs be done before the home is purchased, theFHA 203(k) loan allows the home buyer to purchase their home and complete the repairs after the transaction closes.

The other traditional FHA qualifications (appraisal guidelines,seasoning rules,credit qualifications, etc...) still apply. But with the FHA 203(K) loan, a home buyer can fix up his home and not have to worry about the additional out-of-pocket expenses for the repairs/improvements. What a brilliant way to purchase a fixer-upper!

HERE ARE THE REASONS SMART HOME BUYERS ARE CHOOSING TO GO WITH AN FHA 203(K) LOAN

1. Better opportunities for a great financial deal on a home purchase

2. Allows buyers who are approved for an FHA loan to buy properties that would not otherwise qualify

3. Allows buyer to put personal touches into the interior/exterior making it feel like more of a home

4. Sellers do not have to pay for repairs prior to listing the property if they do not care to

5. There is less competition to buy fixer-uppers which forces sellers to accept lower offers

6. FHA loans are assumable; so when buyers go to sell house it will be easy to market.

Glen Lakes is a well manicured gated golf course and country club community located 2 miles north of Cortez Blvd. in Weeki Wachee, Florida aka Brooksville, FL. 

The community has 24 hour manned guard gate along with security that patrols the area. 

There is a new Publix grocery  in front of the community along with a new Walgreens and some smaller shops.  No more driving 10 - 15 minutes to pick up a few items.  If you have a golf cart, you don't even have to get in your car.

One of the villas I have listed is a 3/2/2 with 1817 living square feet built in 1991.  This villa features a formal dining room, great room with a gas fireplace and a summer kitchen.  There is a gas-heated in-ground spa on the extended screened lanai.  There are no neighbors to the rear which provides complete privacy. 

The other villa is a 2/2/2 with 1650 living square feet built in 1990.  This villa has brand new carpet.  There is a den which could be used as a 3rd bedroom.  There is a screened lanai off the great room.  This home has been very well maintained and is ready to move into.

These villas are maintained so if this is a second home, you don't have to worry about the yard.  The fees include fertilizing, mowing and edging. 

 There are lots of activities going on at the clubhouse.  There is a gym, olympic size pool, and tennis courts.  The restaurant overlooks the golf course and one of the many lakes that are in the area. 

This is the place to call home.  Perfect for downsizing or a second home to get away from those cold winters up north.