crestview: USDA Rural Housing Program - Buyer Can Get 2/1 Buydown with Start Rate of 3.75%! Less than 4% is HERE!! - 12/10/08 12:13 AM
Based on today's rates, a buyer can get a 30 year fixed rate mortgage on a 2/1 buydown (rate is bought down 2% the first year and 1% the second year) with a rate of 3.75% the first year, 4.75% the second year, and 5.75% years 3 through 30!  This gives you a better payment and cash out of pocket at closing than does a VA or an FHA loan!
There is a cost to do this of 2.1% of the loan amount and this can NOT be paid by the buyer - it can be paid by the Seller, the … (0 comments)

crestview: USDA Rural Housing Eligibility and General Information - 10/23/08 12:02 AM
If you are a Realtor® with a client, or you are a prospective real estate buyer, the USDA Rural Housing loan is a great program!  It is one of the last truly "no money down" program and allows closing costs the the seller isn't paying to be included in the loan amount!
The areas that are eligible will probably surprise you.  Their maps haven't been revised in nearly 10 years and, as this program is based on the full-time population in an area, much of the Florida urban maps  are still considered in this program.  The maps won't be revised until 2012, or later, so … (1 comments)

crestview: Florida FHA Loan Limits - 10/15/08 12:22 AM
Florida FHA Loan Limits
 
 
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crestview: September Special! - 08/29/08 10:47 AM
We are waiving our administrative fee ($150) and doc prep fee ($150) on all loan applications taken from September 1 through September 30, 2008.  This includes primary homes, 2nd homes and investment properties, single family residences, townhomes and condos.
If you couple this fee waiver with today's low rates (6.25%  30 year fixed primary home single-family or townhome, no points, no origination fee, 100% financing with no monthly Mortgage Insurance or 6.5% 30 year fixed for an 80% conforming condo or condo-tel, 2nd home, no points, no origination fee) and your clients with be tickled pink!  They will remember the Realtor … (2 comments)

 

Sue Botelho

USDA Rural Housing Mortgage Pro

Fort Walton Beach, FL

More about me…

Waterstone Mortgage Corporation

Address: 2 Park Circle, Suite A, Ft. Walton Beach, FL, 32548

Office: 8(503) 626-9012

Mobile: (850) 797-7946

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