About Gilchrist County, FL

Financing expenses. Financing expenses include the interest paid as well as the costs of obtaining borrowed money. While mortgage interest is deductible, principal payments are not. Costs associated with obtaining borrowed funds, such as commissions, mortgage brokerage fees, and points, must be amortized over the
life of the loan.

information courtesy of Rowlett Real Estate School LLC

www.rowlettrealestateschool.com

P.Stone

Subagents are persons authorized to assist and represent the agent.A broker's sales associates are general agents of the broker and subagents of the broker's principals.

• Duties are delegated by the original agent
  -Sales associate is an agent of the broker
  -In single agency, broker is an agent of the principal
  -Sales associate is a subagent of the principal
  -Sales associates owe same fiduciary obligations to the principal as does broker

Information is courtesy of Rowlett Real Estate School LLC and Captain Wayne Rowlett.

For information on our classroom courses and online courses visit our website at www.rowlettrealestateschool.com Check out our website for a full line up of Online real estate courses including our traditional Live Classroom Training.

We have live classroom training for our Pre Sales Associate Class in Panama City Florida and in Destin Florida every other month.

P.Stone, RRES

No Money Down Rural Housing USDA Loans in Gilchrist County 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

Gilchrist County Florida Home Buyer Assistance Program Process and Time Line

1. County sponsored home buyer education class is required.

2. Home buyer is APPROVED and signs contract for home.

3. Lender sends Reservation Form with contact to county.

4. With-in 5 days, home is inspected by county staff.

5. If necessary, lead based paint assessment is completed.

6. Lender sends loan package to county.

IF NO REPAIRS ARE NECESSARY......

7. County approves application package.

8. County contracted appraiser completes appraisal.

9. Home buyer meets with home buyer counselor.

10. Mortgage package e-mailed to title company.

11. Home buyer assistance check is released by county after HUD 1 is approved.

12. Closing occurs at the offices of the title company.

FOR MORE INFORMATION PLEASE VISIT:

HUDS List of Home Buyer Assistance Programs in the State of Florida by County

For More Information on Government Loan Programs in the State of Florida Please Visit:

Government Home Loan Programs in the State of Florida