There are some people that bought vacant land because the price was right, and maybe “one day” they might build a new house. Others bought lots as an investment, and are still trying to figure out what exactly they should do with the property?  If you said “one day maybe I’ll build”, this may be the best time ever.

Whether you own land already or not, here are two great ways to get financing you may not know about.

 All State Homes in Tampa says ”just about across the board, our customers haven’t spent one penny to start construction of their new home.”

How It Works:  You see when you own land, the land itself will become your money down, per say. Instead of the bank you’re financing through, saying you’ll need to come up with a substantial down payment, instead they’ll use your land as the “down payment” and you end up paying nothing out of pocket.

What If You Don’t Own Land Yet?  All State Homes, Inc. offers the only FHA construction to permanent loan available in Tampa, Florida. To a lot of people that sounds like a foreign language. Let me explain. The benefits of an FHA loan are a lower down payment (if you have one), lower costs/fees associated with the loan and more relaxed credit qualifying guidelines.

The benefits of having ONE loan, from construction to the time your home is a permanent structure (we call it “construction to perm”) are huge. First off you have only one closing which encompasses the entire construction project. This equates to you as one closing, one set of paperwork, one set of fees. There are no payments whatsoever during construction and you as the buyer, are fully closed prior to construction. For the first time in a long time, buyers are “able” to secure financing with an FHA mortgage where as before the constraints conventional financing has made it impossible for so many to qualify.

The dream of building your own home, the “maybe one day” just got very attainable as well as very affordable.

If you’d like to see available floor plans, pricing, or receive more information on what All State Homes can offer you please contact us.

See Also: New Construction Tampa-Backyard Bungalow Style!

All State Homes “Back Yard Bungalow” fills need for Tampa area Families who want new construction, designed with the historic Tampa Bungalow feel.

After nearly 60 years of building homes in the Greater Tampa Bay area one would expect All State homes to be on top of the latest housing trends. In fact, one of the reasons All State has survived & flourished year after year is due to the fact that keeping up with trends and a changing need in the market place is something that we pride ourselves on.  

We developed a new concept, we rethought Tampa’s housing needs for changing families- going into the future, and the result is a backyard bungalow; more commonly referred to as a cottage, mother in law suite or guest house-depending on “who” has the need for it. We developed this “cottage” concept as a bungalow, because more than a third of our business tends to be for the bungalow style home. However, if you’d prefer a contemporary or coastal style elevation we can accommodate that too. 

This new product allows families to “come together” yet still keep their independent living options. It should be pointed out that every county and municipality has recognized the need for extended family situations by permitting home owners to build an auxiliary structure in their

back yards (or side yard depending on space & zoning) to accommodate families in need. Although there are certain restrictions, (all based on the specific lot/property you choose to build on) meeting those code requirements and accommodating each particular zoning regulation.

Our homes, whether they are cottage size or full size, are concrete block, energy efficient designs. We offer services like designing, building, pricing & engineering, as well as free site evaluations.

About our pricing, the general rule is all of our floor plans are priced individually based on the plan, so that we can take into account architectural details, size, features, and of course regulations based on the specific lot. 

All State homes is one of the only custom builders in Tampa to offer FHA financing for those who qualify. Additionally, if the customer owns their land and (has a sufficient amount of equity in it) they can finance with zero out of pocket. In fact, 98% of our customers who own their land outright, don’t spend a penny out of pocket to build.

Whether it is adding one of our new “backyard bungalows” or building a new full size home, All State Homes has built more than 15,000 homes on owners lots in the Tampa Bay area in the last 56 years.

The Andros Model starts at $85,500.00 on your lot!    Contact me here for more information on new construction homes in Tampa Bay!

TBO.com reported that developers filed paperwork with the Aviation Authority board at Tampa International Airport for height variances for several new towers in downtown Tampa.

Could this be the comeback we’ve all been waiting for?

Many restaurants and bars have popped up in the last few years in the Downtown Tampa area, however there are only a few residential buildings in Downtown.  My favorite is Skypoint Condos. Sales are strong and currently it is the only Luxury Hi-Rise for sale .

You can check out the development here 

Last year a study was conducted on residential development and the projected growth for housing.  People living within 3 miles of downtown equal 98,080, however there are only 3,000 people who actually live in Downtown.  No wonder developers are planning for the future. You can read the 2010 Downtown Tampa Residential Study here.

Proposed Condo Developments include:

• Twin 320-foot tall residential and retail towers on three acres, directly across the street from the St. Pete Times Forum.
• A 551-foot-tall residential tower, bordered by Jefferson and Whiting streets
• One 557-foot-tall residential tower at the southeast corner of Morgan and Whiting streets

View All MLS Listings for Downtown Tampa and Channelside. Tampa Bay Dwellings

Heritage Isles in Tampa is a golf and country club community located in the very popular and convenient area of New Tampa. Our community has a 5000sqft clubhouse with a restaurant and bar, banquet room, conference room with internet access, fitness center and the locker rooms have saunas. There is also a huge outdoor swimming pool with a large waterpark slide, 4 clay tennis courts, sand volleyball court, childrens playground and picnic area, driving range, golf school and an 18 hole championship golf course.

Here’s the available homes for sale in Heritage Isles:

Hamilton - 2032sqft 4 bdrm, 3 bath, 2 car garage on conservation reduced from $238,990 to $199,990 homesite 0418

Patriot- 2765sqft 4 bdrm, 3.5 bath, 2 car garage and large bonus room on pond and conservation reduced from $276,990 to $239,990 homesite 0508. 

Westshore affordable housing receives financing
Tampa Bay Business Journal

Westshore Community Development Corp. has secured construction financing for Westshore Landings, a work force affordable New Construction town home community in Tampa’s Westshore business district.

The Westshore Landings development consists of 57 two- and three-bedroom town homes with garages, ranging in price from $96,000 to $127,000, a release said.

The Westshore Community Development Corp. provides work force affordable housing opportunities in the Westshore business district. The 501(c)3 nonprofit formed in 2005 to promote community development and redevelopment within the area.

If you would like to receive more information on this project and be notified when pre-sales begin send an email to: realtyrae@yahoo.com with the subject Westshore Townhomes

Search all homes, townhomes and condos for sale in the Tampa Bay area. Visit: www.TampaBayDwellings.com