Based on the information you provided, your best option maybe a special conventional loan program with just 3% down. FHA is a great option but it does have the downside of requiring Mortgage Insurance for the life of the loan!
Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.
Please feel free to contact me for more information or help.
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
They would both be good choices, but don't expect to find a lot of gated communities. There are a few, but for the most part these two communities don't have gates. If gates are a must, I'd suggest Eagle Creek, which has the advantage of being right across the street from both Lake Nona Middle and Lake Nona High.
More than happy to help you with the move. I know the area quite well. Click on my picture and read my reviews. Hope to hear from you.... more
The two dogs will be an issue, but your budget should find you something. Be prepared to act quickly. If you find something you like, act immediately. It could be gone tomorrow. It is a tough market for renters.... more
One bedrooms at Tradewinds rent for about $800 a month and two beds around $1,000 a month. No chance of getting $600 a month cash flow on a one bed. Probably not on a two bed either, although $500 a month looks doable. $6,000 free cash flow on a property costing under $100,000 is not a bad return.... more
That is very possible but most importantly as long as you are happy. I would suggest to work with a real estate agent who specialize in investment properties and can lead you through the process. If you would like, I am part of a real estate company that can set you up with a top agent in the Orlando area. There is no cost to you for our service. Go to my website www.HarrisRealties.com for more details. Let me know if you have any questions.
Doesn't sound right. Out of 1600 sales in Orange County in the past 30 days, almost 1100 were for less than list price and less than 200 were for significantly over list and a lot of those were short sales, bank owned, and auctions, so no this is not true of the market overall. Real estate is hyper local, so there can be variation when you get down to neighborhood.... more