About Riverview's Fishhawk Ranch

No Money Down Rural Housing USDA Loans in Riverview 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

I recently received my TRIM notice and was pleased to see that I am going to pay less in property taxes this year. Obviously Amendment 1 that was approved by voters on Jan 29, 2008 on property taxes is working. Owning a home is becoming affordable again in Hillsborough County Florida. Home prices are pretty close to bottoming out, mortgage rates are at an all time low, and now property taxes are affordable. WOW! What a great time to buy a home.