Making Home ownership Dreams a Reality for all of Flagler County 100% Financing Plus $8,000 tax credit.

USDA Rural Development

Did you know that all of Flagler County is classified as rural development?

Why Choose a Rural Development Guarantee Loan?

1. 100% financing: No Down Payment
2. No private mortgage insurance
3. 30 year Fix interest rate
4. Flexible credit guidelines
5. Flexible qualifying guidelines
6. No maximum purchase price
7. Closing costs, legal fees, and other eligible costs may be rolled into the loan
8. Any residential dwelling is available for this loan in Flagler County Map and USDA loan info. link below

Will I qualify for 100% Guaranteed financing?

1. Have a steady and dependable income
2. Demonstrate a reliable credit history; the ability and willingness to repay debts when they are due
3. Be a U.S. citizen, or be legally admitted to the United States for permanent residence
4. Meet Rural Development's "Adjusted" income limits for the county in which they are purchasing
5. Qualify within the flexible guidelines offered by Rural Development for housing and debt loads
6. Purchase a New Construction or Existing Dwelling located in an eligible rural community

What are Rural Development's income limits?

Rural Development income limits are based on the number of members residing within the household. Rural Development allows deductions for children, childcare, and other eligible expenses. By allowing lenders to "adjust" the annual income, more individuals and families can qualify for 100% Guaranteed financing. Ask your lender for more information.

Adjusted income limits for all counties Except: Collier County and Palm Beach County which have considerably higher limits. See the web:

http://eligibility.sc.egov.usda.gov, click income limits

# in house hold "Adjusted"Income Limit

1 $48,000

2 $54,850

3 $61,700

4 $68,550

5 $74,050

6 $79,000

7 $85,000

8 $90,500

* add 8% of a 4 person limit for each person in excess of 8 persons

Where can I find more information?

www.rurdev.usda.gov/fl This website provides more information on 100% Rural Development financing and property eligibility.

http://eligibility.sc.egov.usda.gov For maps and income calculator

Plus if you close on a dwelling before November you can receive $8,000 tax credit that you won't have to pay back.

WOW 100% Financing Plus $8,000 What would you do with your money?

http://www.floridarealtors.org/AboutFar/homebuyercenter/index.cfm Home Buyers Tax Credit information

So now you have 100% financing and know that you could receive $8,000 tax credit (that you don't have to pay back) but what will you buy? You want a good deal but you just don't know there are so many questions about home ownership and the market. Well start by visiting www.FlaglerBeachCoastalLiving.com Then give me a call and we will sit down and I will answer all of your real estate questions.