port st lucie: They're rockin at USDA....cha, cha, cha changes
- 08/05/14 09:35 PM
To all of you out there who have and do use USDA financing for your clients, and to all who should consider it, to quote Bob Dylan the times they are a changin and you best pay attention the first and biggest change is with the property eligibility maps applications received beginning October 1, 2014 will be subject to the new eligibility maps and that's not received by your lender, but rather received at USDA http://eligibility.sc.egov.usda.gov. should get you there if not google...USDA eligibility if that doesn't work and you're anywhere in Florida, just call Jay (that's me-239-745-5646) and I'll check … (5 comments)
port st lucie: let it rain
- 08/04/14 10:20 AM
i've been away from the Rain for awhile. It seemed to me that since I had moved to the treasure coast from over on the Gulf, Ft. Myers, and Cape Coral more specifically, that Active Rain wasn't as active. At least that's what I lead myself to believe. I've been a Rainer for, I don't know for sure, 6 years 7 years, but today i went to only my 2nd meetup, hosted by Mr. Tolbert, Kevin to most, I believe. The atmosphere was very positive, and it made me remember that Active Rain has been very good to, and for me. I … (44 comments)
port st lucie: BEWARE of that screwball mortgage math
- 08/03/14 09:51 PM
sometimes I just look at what I'm doing, shake my head, and say God help us. the new or most recent mortgage math says that we can allow a buyer, including a first time homebuyer, to use up to 50% or more of their "gross" income towards their PITI and toal monthly debt. does this seem a bit insane to you? do you know anyone who gets to use/spend their "gross" income. me neither so when I'm doing the buyer this favor, I need to stop and wonder am I really helping them or am I doing them a disfavor. Let … (2 comments)
port st lucie: is USDA/Rural Housing the better buy (than FHA)???
- 06/27/13 07:41 AM
Okay let's get it out on the table. USDA/Rural Housing isn't (just) about rural housing. Although it might be sometimes. Rural Housing loans are available wherever the USDA feels they should be. So check out their site and look at one of the maps and/or punch in an address and see where you can use the program. Now is it possible that USDA might just be a better buy than good olde traditional FHA? Tell me now have you given this any thought? In FHA's favor there's no limitation as to where you may buy a home, while with USDA there … (3 comments)
To all of you out there who have and do use USDA financing for your clients, and to all who should consider it, to quote Bob Dylan
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