USDA 100% Financing Gets An Income Facelift Effective Monday, April 20, 2009, the income eligibility guidelines for USDA 100% guaranteed mortgage loan financing will be changed. The change, unlike most changes in our current mortgage industry, is for the better. So what is the change?… Higher income limits in bracketed tiers versus the original per [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 04-20-2009
USDA Rural Land Development Loans You have another choice for financing property in Florida – have you heard of USDA mortgages? Most people aren’t familiar with that program- We’re all bombarded by Freddie, Fanny, FHA, VA, etc – but USDA financing is alive and well and available in a much larger area then you might [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 02-09-2009
The Crossroads of Renting or Owning Real Estate An interesting thing happened while visiting a friend at his place of business last week. He said, “What’s this?” A form had come over his fax machine and was a verification of employment for one of his employees. I assumed that he must be applying for credit [...]
Continue reading about Why You Shouldn’t Rent to Own in Bonita Springs, Florida
Mortgage financing that you may not be aware of…. Home financing is available through the USDA – the zoning of the property is important, but you would be surprised at how many areas actually do qualify in Florida. Believe it or not, 100% financing IS still available. Features of these mortgages include: No Mortgage Insurance [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 12-08-2008
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