USDA Loan -- did you know....

By
Mortgage and Lending with Barr Group Mortgage

Did you know.....

1) Almost all of Baldwin County is eligible!

2) The income limits have increased to over $73,000 for a family of one to four!

3) There is NO mortgage Insurance?

4) You can finance up to 100% of the APPRAISED value!

5) You DON'T have to be a first time homebuyer!

USDA loans have been feeding my family during this mortgage crisis.  They are easy loans to do.  They are fun loans too.  I love putting small young families into thier first homes.  Although the program does not require that you be a first time homebuyer.  That is what I see alot of with these types of loans espically with the Tax Credit.  More on the Tax Credit later. 

 

 

Comments (2)

Richmond Virginia
Richmond, VA

USDA loans area blessing for a lot of folks.  And as you point out are open to others outside of 1st timer status.  The few geographical and income limitations are, I think, reasonable.  I'm glad you found a way to build your business and help others realize their dreams of being a homeowner.  Way to go!

Jun 09, 2009 03:51 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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Dec 21, 2015 12:38 PM