Sue's Blog

Mortgage and Lending - Waterstone Mortgage Corporation



I have been getting a LOT of calls about financing condos in our area and throughout the Southeast.  At this point, we have been told that if any of the following are present, the project is considered a "condotel":  If an underwriter can Google the name of the project and the city and finds that...
On Monday, April 20, USDA Rural Housing income limits were increased.  Here are our local limits and, if you are located elsewhere, just email me and I can tell you the limits in your area.  Okaloosa County:  If there are 1-4 persons in the household, maximum income is $76,250 and if there are 5-...
USDA Rural Development has confirmed that the proposed change in the income limit structure for the USDA Guranteed Rural Housing Program will be implemented as planned on April 20th!  This will allow a lot more people to qualify for one of the only 100% financing programs left, and certainly one ...

Sue Botelho

USDA Rural Housing Mortgage Pro
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