Eustis, FL

It's been confirmed! The income limits in Lake County (and the entire Orlando area) for USDA Guaranteed Rural Development loans will go up to $70,750 for households from 1-4 persons and $92,400 for households from 5-8 persons. No false start anymore folks. We can start taking and processing applications immediately but cannot submit them to the USDA until 04/20.

Folks don't take this lightly. I did my preliminary research on this change when it was first announced and discovered EVERY FHA deal I had done would have qualified for RD. Why is this a big deal? RD has no monthly private mortgage insurance and can save our customers an average of $50-$80 per month.

Please communicate this to any buyers you had going FHA. In some cases it can mean the difference between qualifying or not, and of course feel free to call with any questions!

Gerry Suarez, Jr.

Your FHA Loan Pro!

NOT A SHORT SALE OR FORECLOSURE BUT PRICED TO COMPETE WITH THEM...  3 Bedroom Home in a charming neighborhood reduced $20,000 to $129,900 TODAY

NEW PRICE
Cozy 3BR home in quiet neighborhood complete with hurricane wind protection, Alarm System, Screened Lanai,Ceiling Fans and automatic irrigation system.

Located on a Quiet Cul-de-sac just minutes away from Mount Dora Shops, restaurants and events!

This Block Construction Home features a generous 16 x 17 Living Area and Inside Laundry.

Call us today for a private showing.

Ray Levy

352-978-8551

www.lakecountyhomepros.com

The Lake and Sumter Counties Home Builder's Association Parade of Homes kicks off this weekend, Saturday February 21 with great deals on new, never lived in homes for sale. The great incentives being offered by builders, coupled with the new $8000 tax credit for first time buyers makes it an excellent time to buy.

Also remember if you want to have a home built to order, and want to be able to collect on your $8000 credit, you need to start construction within a few months so you can be closed by the November 30, 2009 deadline.

You can get more information at the Lake/Sumter HBA website here.

Look forward to seeing you there, and Happy Parading!

Gerry Suarez, Jr.

Your FHA Loan Pro!

Eustis, FL (32726 and 32736 zip codes) is eligible for the government backed USDA Guaranteed Rural Development home loan program. Potential homeowners can finance their new home at 100%. However, they can get a 102% loan to cover the 2% USDA loan fee. And if the appraised value is greater than the purchase price, most if not all of the closing costs can be financed into the new loan provided the closing costs do not exceed the difference between the purchase price and appraised value.

Home prices are down. Mortgage rates are down. Now, is the time to buy.

Call Knightlines today at (352) 308-7219 to get your financing reserved, or click here to apply online.