6 Common Myths About FHA Loans

by Front Office | Feb 26, 2025 | Blog, Homeowners, Homes, Villas and Condos, Investment Property in Florida, Just Sold, Local Events, Long Term Rental, Mortgages, New Construction, New Listing, News, Property for Sale, Property for Sale in Orlando, Property Management, Real Estate Components, Real Estate News, Retirement / 55+, Uncategorized, Vacant Lot

6 Common Myths About FHA Loans

As home prices continue to rise, more buyers are considering Federal Housing Administration (FHA) loans to make homeownership more accessible. FHA loans are government-backed mortgages known for their flexible lending criteria, making them a great option for buyers with lower credit scores and smaller down payments. However, misconceptions about FHA loans persist, potentially discouraging buyers from taking advantage of this financing option. Here, we break down six common myths about FHA loans and uncover the truth behind them.

Myth #1: FHA Loans Are Only for Buyers with Bad Credit

Truth: While FHA loans allow borrowers with credit scores as low as 500 to apply, they are not limited to those with bad credit. In fact, the average credit score for FHA borrowers is 683, with 80% of applicants having a credit score of 600 or higher (according to 2024 data from Ellie Mae). This means that borrowers with good or even excellent credit can still benefit from FHA loans.

Myth #2: FHA Loans Are Only for First-Time Home Buyers

Truth: Although FHA loans are popular among first-time home buyers, they are also available to repeat buyers and individuals with low to moderate incomes. Many homebuyers use FHA loans as an affordable financing option, regardless of whether it’s their first home purchase or not.

Myth #3: FHA Loans Have Higher Interest Rates

Truth: Contrary to popular belief, FHA loans often come with competitive interest rates, sometimes even lower than conventional mortgage rates. Borrowers with higher credit scores and larger down payments may qualify for some of the best available rates. It’s essential for buyers to compare both FHA and conventional loan options to find the best fit for their financial situation.

Myth #4: FHA Loans Take Longer to Close

Truth: Many assume FHA loans take significantly longer to close than conventional loans. However, data from 2024 Value Penguin shows that FHA and conventional loans take roughly the same amount of time to close—an average of 47 days. The closing timeline depends more on the lender’s efficiency and the buyer’s preparedness rather than the type of loan.

Myth #5: FHA Loans Can Only Be Used for Single-Family Homes

Truth: FHA loans are versatile and can be used to purchase a variety of property types, including single-family homes, townhouses, HUD-approved condos, and even multifamily properties (up to four units). The only requirement is that the borrower must use one of the units as their primary residence.

Myth #6: FHA Loans Have Income Limits

Truth: Unlike some government-backed loan programs, FHA loans do not have income limits. High-income earners can also qualify, as there are no restrictions on how much a borrower can make to be eligible for an FHA loan.

The Bottom Line

FHA loans offer flexibility, accessibility, and affordability, making them a valuable option for many buyers. Whether you are a first-time homebuyer or a repeat buyer, these government-backed loans can help you achieve your homeownership goals.

Before ruling out FHA financing, consult with a mortgage professional to explore your eligibility and compare loan options. Don’t let myths keep you from securing the home loan that’s right for you!

For more information visit: Motto Mortgage

Contact an Expert Today!

What to Expect in the Real Estate Market in 2025?

by Front Office | Feb 26, 2025 | Blog, Buyers, Homeowners, Homes, Villas and Condos, Investment Property in Florida, Just Sold, Long Term Rental, Mortgages, New Construction, New Listing, New Rental Listings, News, Press Releases, Property for Sale, Property for Sale in Orlando, Property Management, Real Estate Components, Real Estate News, Renters, Retirement / 55+, Sellers, Things to Do in Orlando, Uncategorized, Vacant Lot

7 Home Buyer & Seller Market Trends to Watch in 2025

7 Key Real Estate Trends to Watch in 2025

As we step into 2025, the real estate market continues to change, bringing both new opportunities and challenges for buyers, sellers, and industry professionals. Based on early forecasts and expert insights, here are seven key trends expected to shape the housing market this year.

1. Home Prices Are Likely to Stabilize

After several years of rapid price increases, home values are expected to stabilize in 2025. While some areas may still see modest growth, buyers could finally see relief from the steep price hikes of recent years.

2. Mortgage Rates May Gradually Decline

As inflation slows and the economy adjusts, mortgage rates could see slight decreases. This shift would make homeownership more affordable, especially for first-time buyers who were previously priced out of the market.

3. More First-Time Buyers May Enter the Market

With better affordability and supportive government programs, first-time buyers may play a bigger role in the housing market. Down payment assistance and low-interest loan options could help more people achieve homeownership.

4. Multigenerational Living Will Keep Growing

The demand for multigenerational homes is expected to remain strong. More families are choosing to live together, either to save money or to provide caregiving support for loved ones.

5. Housing Inventory Will Improve

The supply of homes is predicted to grow as new construction increases and more homeowners decide to sell. This gradual rise in inventory could help balance the market, making it easier for buyers to find homes.

6. More Sellers Will List Their Homes

With market conditions improving, more homeowners may feel confident about selling their properties. A higher number of listings will help create a better balance between supply and demand.

7. Technology and AI Will Transform Home Buying

The real estate industry will continue embracing technology, with artificial intelligence, virtual home tours, and digital transactions making buying and selling more efficient than ever.

What These Trends Mean for You

For sellers: More competition means pricing your home strategically will be essential.

For Buyers: More inventory and stable prices could create new opportunities.
For real estate professionals: Using technology and understanding buyer trends will be key to success.
As 2025 unfolds, staying informed about these trends will be essential for making smart real estate decisions. Whether you’re buying, selling, or advising clients, these insights will help you navigate the market with confidence.

Get in touch with an expert!

Live Amongst Nature in Lake Denham Estates

by Elsa Soto | May 21, 2021 | Blog, Buyers, Homes, Villas and Condos, Investment Property in Florida, New Construction, News, Property for Sale, Property for Sale in Orlando

Live Amongst Nature in Lake Denham Estates

Central Florida may be famous for its many thrilling world-class tourist attractions, but just about an hour away from Walt Disney World rests Lake Denham Estates, a Leesburg, FL community comprising of new construction homes surrounded by picturesque nature views.

At Lake Denham Estates, you may choose to buy a move-in ready home or have one built to incorporate your own personal touches. From the assortment of exquisite styles, several sizes and affordable prices, the vast range of options you have for your dream home are outstanding. The houses are priced from the low $200,000s and range from around 1,504 square feet to over 2,601 square feet.

Lake Denham Estates’ affordable HOA fees include a wide range of amenities perfect for the whole family. The community contains a yoga lawn in addition to walking and nature trails for those wanting to stay active in the scenic outdoors. Residents longing for a resort-style experience at home can take a splash in the community’s swimming pool or just kick back in one of their cabanas. Even the kids will get to enjoy lots of neighborhood fun in the Children’s Tot Lot. Soaking up the Florida sunshine while reveling in a nature-filled atmosphere is absolutely a dream come true in Lake Denham Estates.

The residential community’s location lies in Central Florida’s desirable Lake County, home to at least 250 lakes along with numerous creeks, rivers and smaller bodies of water. The opportunities to engage a wide variety of outdoor adventures are limitless, not to mention all the year-round festivals and events held at the City of Leesburg. While Lake Denham Estates is surrounded by nature, it is still in close proximity shops, restaurants, schools and other local attractions as it sits directly on US-27 and is only minutes from the Florida Turnpike.

Please contact us today to learn more about buying a home in the lovely area.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

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Solterra Springs Community

by Elsa Soto | Apr 16, 2021 | Blog, Buyers, New Construction, Property for Sale, Renters, Sellers

Solterra Springs Community

Ariel view of Soltera pool and lazy river

clubhouse lounge area at solterra Resort

Maronda Homes‘ Solterra Springs is a USDA approved new construction, private gated community in Davenport, FL, within the Solterra Resort. All of the amenities enjoyed by those in Solterra Resort are yours to enjoy as a homeowner in this private community. Relax at the clubhouse where you can use the gym facilities, have a nice lunch at the cafe, or enjoy a cold beverage from the bar. Enjoy the aquatic center with the large pool, the water park for the kids, or a leisurely float in the lazy river. Looking for something more active, enjoy the tennis courts, and exercise on the walking trail that winds throughout the resort.

Every day will be like a Stay-cation when you live in the beautiful resort community. Just minutes from Florida’s most popular attractions like Walt Disney World, Epcot Center, Animal Kingdom, Universal Studios, Sea World, and even Busch Gardens in Tampa, you will never run out of exciting activities to partake in! Whether you are looking to build a new home or need a move-in ready home, our sales representatives are here to help! Leverage their knowledge and experience to learn more about building the home of your dreams in Solterra Springs.

About Maronda Homes

Maronda Homes was founded in 1972 by William J Wolf. After years of working in the home building industry, Mr. Wolf ventured out on his own with the goal of building superior new homes that were cost-effective. With this philosophy, more individuals were able to afford a new construction home.

We continue to streamline our process, while using quality materials, so that we can maintain this philosophy for our current and future customers. Our goal will always be to create affordable homes without sacrificing excellence and style in our home designs.

A Family Affair

Stringing together parts of family names. Mr. Wolf formed the new name for his company “Maronda” with parts of his children’s names — Marietta, Ronald and Daniel. More than 40 years later Maronda Homes remains a private family-owned and operated business, building new homes in Pennsylvania, Florida, Ohio, Kentucky and Georgia.

Philanthropy

Our commitment to the community extends beyond our product as Maronda Homes has long recognized the importance of giving back. The Maronda Foundation, established by our founder William Wolf, strives to provide educational opportunities, scholarship programs, civic inspiration to local communities, youth programs, and spiritual organizations. Goodwill towards all has always been, and will continue to be, a cornerstone of our culture since our founding.

Commitment to Quality

Maronda Homes has been a family-owned and operated business for over four decades, and in that time we have dedicated ourselves to building quality new homes at an affordable price, with unparalleled attention to customer service.

We are continuously striving to improve the home building process by modernizing floor plans, and evolving homes designs with affordable luxury reaching every corner of our new homes.

We Are Proud to be Recognized for Our Quality Homes

At Maronda Homes, we pride ourselves on our quality new home construction. Time and time again we have proven our craftsmanship by receiving numerous awards. Some of these include awards by People’s Choice, Warranty Companies, and Home Builder Association Excellence Awards.

Maronda Homes receives these awards because of our excellence with service, quality, and design. Our team will support you along your homebuilding journey from the pre-planning stage of a project all the way to the end result. Our highly trained project management team will guide you and help you get you the results you want. At Maronda Homes, we will make sure our resources are allocated appropriately to provide the best quality of work for your new home.

We look forward to being your new construction home builder!

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

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Davenport Home in Westridge For Sale

by admin | Apr 1, 2021 | Blog, Homes, Villas and Condos, Investment Property in Florida, New Listing, Property for Sale, Property for Sale in Orlando

Davenport Home in Westridge For Sale

251 CALIFORNIA BOULEVARD, DAVENPORT, FL

Just Listed

Presented By:

Bardell Real Estate

Bardell Real Estate
863-424-2309

Schedule a Showing/Request Info

$ Click for current price
3 BEDROOMS | 2 full baths BATHROOMS | 1578 SqFt

Located in the popular Westridge community on an oversized ¼ acre corner lot. Outside the home benefits from maturelandscaping, a long driveway, extended south facing pool deck with large free-form pool and covered lanai providingplenty of space for relaxing or entertaining. Master bedroom has direct access to the pool deck and the ensuitebathroom, with dual sinks, tub and separate shower also has a large walk-in closet. The garage has a separate outsideaccess door and has been converted making it the ideal place to setup a home office/business or craft room. Justminutes from Disney, easy access to I4, Posner Park, shops and restaurants on 192 and all of Central Florida’s famousattractions. New roof (March 2021) and exterior paint (March 2021) this open plan pool home is waiting for you to turn itinto your forever home, snowbird retreat or vacation villa.