The typically busy spring home buying season has sprung in Lake County which surpassed the 300 unit per month threshold topping out at 317 for the month of June, '09 as reported by the National Association of Realtors. Prior to this April had seen the best sales so far … (2 comments)
Today the USDA announced it regular allocation of funding had been credited is now available for use. These are the funds that can be used to guarantee refinance loans (you can only refinance a current Rural Development loan) and homes with pools.
Remember pools still require a special exception … (2 comments)
zero down: USDA income limits change April 20, 2009 for Lake County - 04/10/09 07:19 AM
It's been confirmed! The income limits in Lake County (and the entire Orlando area) for USDA Guaranteed Rural Development loans will go up to $70,750 for households from 1-4 persons and $92,400 for households from 5-8 persons. No false start anymore folks. We can start taking and processing applications … (0 comments)
zero down: Rural Development loans not jumping on the appraisal change bandwagon - 04/07/09 03:10 PM
I just confirmed that the USDA will not be requiring the new 1004MC form for their appraisals. This in spite of the fact that Fannie and Freddie, FHA/HUD and the VA are requiring them. That effectively makes RD loans the only ones NOT requiring this additional info.
Coupled with the fact you … (0 comments)
zero down: FHA downpayment 101-rules to live by - 03/06/09 07:21 AM
First Time and FHA buyers have always had down payment as their biggest hurdle to homeownership. As recently as last year we had seller funded down payment assistance that often bridged that gap but it seems pretty clear that option may not come back. So what can we do to … (4 comments)
zero down: Latest update on availability of funds for Rural Development loans - 02/26/09 10:12 AM
Pursuant to my sources at the USDA it will be taking about another two weeks for the funding allocated by the recent economic stimulus bill to trickle down to retail levels. For those who are seeking a Guaranteed Rural Development loan from a lender such as myself, this should not … (7 comments)
zero down: FHA downpayment 101-rules to live by - 02/19/09 05:17 AM
First Time and FHA buyers have always had down payment as their biggest hurdle to homeownership. As recently as last year we had seller funded down payment assistance that often bridged that gap but it seems pretty clear that option may not come back. So what can we do to … (10 comments)
zero down: First Time Home Buyers- don’t miss this great opportunity! - 01/07/09 08:29 PM
This real estate market has become a unique opportunity for first time buyers, who aren't saddled with trying to sell a home, to take advantage of the long list of reasons to buy.
As a first time buyer in Lake County, FL now you can:
•· Take advantage of some of the … (0 comments)
USDA Rural Development loan expert Sue Botelho was quoted in an excellent article regarding the increased popularity of RD loans in the Wall Street Journal today. Sue has done a great job getting word out regarding the strengths of the program and its zero down features. Congratulations Sue!
The … (6 comments)
Local information regarding Mortgage lending in Lake County, Florida including Mount Dora, Eustis, Tavares, Leesburg and the surrounding areas. Also providing up to date information on HUD and government loan programs, and first time buyer programs.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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