Engle Homes offering 100 percent financing to qualified customers

Engle Homes is providing a 100 percent financing option for qualified customers in two of its premier Southwest Florida communities, Olympia Pointe and Reflection Lakes in Naples.

Troubles in the U.S. mortgage industry nationwide have caused many lenders to tighten their policies and curtail many of the creative financing programs so popular among homebuyers during the past housing boom. This lending crackdown has left few options for those without large cash reserves, but at least one often-overlooked type of financing is still available for customers looking to buy in the Engle Homes' communities of Olympia Pointe and Reflection Lakes in Naples-100 percent financing.

"People hear 100 percent financing and assume you are talking about the risky piggyback loan programs that have now gone the way of the dinosaurs," says Engle Homes' Regional Vice President Jay Coughlin. "The lenders we work with still offer a 100 percent financing option that is quite different, and remains an attractive option for those interested in a new home."

Taking advantage of Engle's 100 percent financing offer is easy. To be approved, the applicants' credit score must be 620 or higher, he or she must be a U.S. resident with a reliable credit history, and he cannot own another home.