Reply #57: Managed to find one of the rare developments on the fringe of Orlando that qualifies.

[Roland99]

It's actually quite rural and I guess some might call it exurbs but it's closer to downtown than where I am now in Seminole County.

Part of their 502 Loan Guarantee Program. I sneaked under the income guideline by $580 and the development is about 1/2 mile west of the line marking eligible/ineligible areas...it's about 10 min. north of Disney and once ya head out and south, it's all open land. There's even a huge riding stables not far away that have my gf's daughters excited beyond compare (they took riding lessons regularly before they moved out here)

$0 down, seller is covering all closing costs, and house was discounted 6% (new construction). Plus I qualify for the $8k tax credit as long as we close by June 30. It's a deal I would have never thought I could land considering 3 weeks ago I wasn't even thinking of buying a house. lol

Total housing costs (PITI+small HOA fee - <$50/mo) is about $200 more than what we were going to pay in rent. Couldn't pass it up!