More GREAT news if you want to purchase a home in Eustis, FL!

Upcoming changes in the Rural Development loan program should allow more families to qualify with ZERO down and ZERO closing costs! The income restrictions are expected to ease, allowing households from 1to 4 family members to make over $70,000/yr and still qualify. Households having 5 to 8 family members would actually be able to qualify even if they make over $92,000/yr! These are substantial increases so if you were told you made too much to qualify for an RD loan, please look again!

This coupled with the fact that every home in Eustis is in the eligible area will allow many young families and first time buyers the opportunity to take advantage of some of the best prices we have seen in four years. In September, 2009 over 57% of the single family homes sold in Lake County were priced under $160,000! Many great deals are being made- are you missing the boat? Remember these RD loans have no monthly private mortgage insurance and very low 30 year fixed rates!

And don't forget, by buying your first home before July, 2009 you can qualify for a $7,500 tax credit! Call me for more information and to see if you qualify for these outstanding programs!

Gerry Suarez, Jr.

Your FHA Loan Pro!