Baldwin, FL

No Money Down Rural Housing USDA Loans in Baldwin Florida are back and fully funded. The new sub-prime loans of today are the government backed or sponsored loans. The FHA Loan is one we are all familiar with but how many of you know about the USDA Rural Housing Loan.

Here's how it works

100% financing on homes located in certain geographical area's with borrower's who are in certain income ranges.

That's it!

Use this link to see if the property qualifies by falling into one of the designated geographical area's

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

Remember when income qualifying to use the income of the ENTIRE family.

Seller can pay up to 6% of buyers closing cost

The 3.5% Guarantee Fee is included (Financed) in with the loan amount

100% of borrowers cash to close can come from a gift.

Must have a minimum credit score of 640.

USDA Loans are Assumable

No Manufatured Homes

For a list of Income limits by Region go to:

http://www.rurdev.usda.gov/HSF-Guar_Income_Limits.html

As of this very moment, there are 21 bank owned properties, also called REO or foreclosures for sale in the Multiple Listing Service in Atlantic Beach, Neptune Beach, and Jacksonville Beach.

Here are the ones priced under $350,000:

• America's Cup Circle 3 BR/2 BA , 1188 SF $72,900
• Penman Road 2 BR/2 BA ,1211 SF, $99,900
• Main Street, 3 BR/2 BA ,1352 SF, $132,900
• Sunrise Circle, 2 BR/2.5 BA,, 1472 SF, $174,900
• Magnolia Street, 3 BR/2 BA, 1286 SF, $179,900
• Tallwood Road, 3 BR/2.5 BA, 1966 SF, $194,900
• 5^th North, 3 BR/2 BA 1357 SF, $235,000
• Paradise Oaks Lane, 3 BR/2 BA, 1756 SF, $249,900
• Margaret Street, 3 BR/2 BA, 2198 SF, $275,000
• Paradise Lane, 3 BR/2.5 BA, 1952 SF, $279,900
• Palm Way, 4 BR/4 BA, 2796 SF , $309,900
• 23^rd North, 3 BR/2 BA, 1898 SF, $325,000

Some of these homes are as new as 2007 construction - if you are interested in seeing any of these, or learning more about how to purchase a bank owned home, please call or email me.

Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Prudential Network Realty. She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net