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I can't afford to buy a home...Check out USDA!



USDA Loan Program PDF
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What is the USDA Loan Program?


This program helps approved lenders make 100 percent-financed, no-money-down mortgage loans to eligible low- and moderate- income applicants. Backed by USDA Rural Development, the 90 percent loan note guarantee encourages lender participation by helping them minimize risk. With a Single Family Housing Guaranteed Loan, applicants can buy an existing home (including the cost of rehabilitating, improving, or relocating the dwelling) or they can build new. The home must be used as their primary residence, and must be modest, decent, safe, and sanitary. This program is not restricted to first-time home buyers.


How do I know if a property I am interested in is eligible for the USDA loan program?


USDA Website...

1. Click Single Family Housing Direct (Tab)

2.Property Eligibility (Tab)




 

What is the Market Doing?


 

Escambia County



Escambia

Month

Closed Sales

% Change Year Over Year

Aug 2023

441

-14.9

July 2023

​420

-16.8

​June 2023

513

-13.3

May 2023

501

-14.1

April 2023

​415

-20.5

March 2023

463

-18.1

Feb 2023

345

-22.6

Jan 2023

304

-28.0

Dec 2022

375

-31.7

Nov 2022

321

-31.1%

Oct 2022

438

-15.8%

​Sep 2022

459

-13.1

Aug 2022

518

-2.1%

Jul 2022

505

-9.8%

Jun 2022

592

-3.6%

May 2022

583

16.8%

Apr 2022

522

0.2%

Mar 2022

565

2.5%

Feb 2022

446

14.4%

Information from Florida Realtors

 

Santa Rosa County







Santa Rosa County

Month

Closed Sales

% Change Year Over Year

Aug 2023

292

-31.6

July 2023

​347

-15.4

June 2023

​434

-11.8

May 2023

437

-2.2

April 2023

331

-21.4

​March 2023

404

-12.2

Feb 2023

257

-35.8

Jan 2023

228

-27.2%

Dec 2022

330

-30.2%

Nov 2022

281

-31.3%

Oct 2022

331

-34.5%

Sep 2022

373

-20.1%

Aug 2022

427

-15.3%

Jul 2022

410

-20.1%

Jun 2022

492

-11.5%

May 2022

447

-4.1%

Apr 2022

421

-7.9%

Mar 2022

460

-0.4%

Feb 2022

400

9.6%

Information from Florida Realtors

 


Current Mortgage Rates


 




 



Plum Tree Real Estate Marketing

850.221.6442







 

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Done Book
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Cary Schmidt's Introduction of Done





 


Gulf Coast Baptist Church Links





 

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Skip Geiser LLC. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Skip Geiser LLC. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


 

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