usda: USDA Direct Loans
- 05/17/09 02:47 PM
USDA Direct Loansby Pam SimpsonThe Kudzu Vine Much has been written about the USDA Guaranteed Loan that is funded through cooperating lenders. See USDA Basics, or cruise on over to Jeff Belonger's blog or to Doug Capps for some great information on the USDA Guaranteed Loan. But, there is another USDA loan that is funded directly by the government for low-and very-low income households. This is a 100% (no down payment) loan to purchase an existing dwelling or to purchase a site and build a new dwelling.
The monthly payments are based on the borrower's household adjusted income. The income guidelines are based … (2 comments)
usda: USDA Loans - The Rural Housing Loan - The Basics
- 04/22/09 01:40 PM
This article authored by Jeff Belonger gives a great summary explanation of the USDA Rural Housing Loan. This loan is available in ALL parts of Tate County MS and in certain areas of Desoto County MS. Walls, Hernando, a portion of Horn Lake, and the southeast section of Olive Branch has elgible properties for this loan. The only city in Desoto County MS that is not eligible is Southaven MS. The maximum income limits for the USDA Rural Development loan have just been revised. The maximum income in Northwest MS for a family of 1-4 is $70,750 and the limit for … (0 comments)
This 3 bedroom, 2 bath home on landscpaed 1/2 acre lot is tucked away in The Highlands subdivision near Back Acres Country Club in Senatobia, MS. Popular split bedroom plan with upstairs Bonus Room. The master bedroom has separate sitting room and salon master bath. Open floor plan with eat-in kitchen and separate dining room. This home is a USDA-eligible area ($0 down for qualified buyers) and is priced at $159,900.Take a Virtual Tournow or call to schedule an apointment for your in-home tour. Your offer … (0 comments)
usda: Olive Branch MS Market Report - Jan 2009
- 02/05/09 01:12 PM
Olive Branch MS Market Report - Jan 2009by Pam SimpsonThe Kudzu Vine I do so much business in Olive Branch that I decided to start doing Market Reports for this area like I do for Hernando MS and Tate County MS. This is my first market report for Olive Branch MS. There were 29 residential sales in Olive Branch for the month of January 2009. The average sales price was $175,280 and the average days on market (DOM) was 115. The neighborhoods which saw the most activity were Lexington Crossing, Creekside Estates, and Hunters Ridge. There are currently 628 Active residential … (6 comments)
usda: 100% Rural Housing Loans for Northwest MS
- 10/30/08 06:00 AM
100% Rural Housing Loans for Northwest MSby Pam SimpsonThe Kudzu Vine The US Department of Agriculture may not the first placeyou think of when it comes to mortgage loans, but they administer one of the best mortgage loans for a good portion of Northwest MS. The USDA Rural Development Guaranteed Housing Loan is a loan made available for low -to-moderate income individuals and families throughout many portions of the U.S. In Desoto and Tate counties of Northwest MS, the maximum income limits are as follows:
If you pay child care expenses, that can be factored into these numbers so the income limits could actually … (3 comments)
USDA Direct Loansby Pam SimpsonThe Kudzu Vine
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