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Are there really that many homes that qualify for USDA funding in Illinois, Wisconsin, Minnesota or Florida?

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With several articles being published on a regular basis about the USDA home loan, many people have the same
question; “are there really that many areas that qualify for the loan?”

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Are there really that many homes that qualify for USDA funding in Illinois, Wisconsin, Minnesota or Florida?

  1. 1. HOME ABOUT US MORTGAGE PROGRAMS REQUEST CALL BACK CONTACT US SUBSCRIBEDAVId LEONARd Are there really that many homes that qualify for USDA funding? To search, type and hit enter by D A V I D LE O N A R D on J ANUARY 5 , 2 0 1 2 · 0 COMMENT S CONNEcT WITH ME: Follow @MtgProfessorWelcome to my mortgage blog. Myname is David Leonard and I am amortgage consultant with InlantaMortgage in Madison, WI. Helpingpeople “Finance Their Dreams“ iswhat I do best. I make it as possibleby coming to you at a time that isconvenient for you. I’ll guide youthrough the entire loan process rightto the closing table and keep youupdated the entire time. I’ll get youthe lowest interest rate you qualify 2for with the term that best fits yourbudget. Put my 10 years of Like 3 likes. Sign Up to see what your friends like.experience to work for you.NMLS ID #248526 With several articles being published on a regular basis about the USDA home loan, many people have the same SUBScRIBEEmail Me question; “are there really that many areas that qualify for the loan?” Entries (RSS)Toll Free: 877-240-5810 Subscribe to Email Updates Since the term “rural” is often used to describe the USDA mortgage program many individuals wrongly assume that only the properties located 50+ miles from any type of city will qualify. However, this is terribly wrong. HOME PAGE Look over the table below to get an idea of the eligible areas in Wisconsin, Minnesota and Illinois. Home Page Eligible counties Counties with Total number of % of countiesCATEGORIES MORTGAGE PROGRAMS
  2. 2. ineligible portions counties eligible for USDAArticles 40 Year Mortgage Wisconsin 72 22 94 76.6%Conventional Cash Out Refinance Minnesota 87 22 109 79.8%FHA Mortgage Fannie Mae DU Refi Plus Illinois 78 24 102 76.4%First Time Home Buyer Fannie Mae Flex  Jumbo Loans FHA 203k StreamlineMortgage Rates As you can see from the table, over 75% of the counties in both Wisconsin, Minnesota and Illinois are eligible for FHA MortgageNews and Updates USDA financing. But what you don’t see is even more important. The second column, “Counties with Ineligible FHA to FHA Refinance Portions” is crucial. Some counties only have CERTAIN SECTIONS that do not qualify for USDA financing. ThisNo Money Down First Time Home Buyer could mean that a nice home located 10 or 15 miles from the center of town could be in an eligible area.Refinance Freddie Mac Home PossibleReverse Loans For a short drive many home buyers could get a loan with no money down, a great interest rate and the closing Freddie Mac Open Access RefinanceUSDA Rural Housing costs could all be paid by the seller. Talk about a win-win situation. Government LoansVA Mortgage If you are wondering about some of the houses you have inspected talk to your local mortgage broker and ask if the HARP Fannie Mae & Freddie Mac USDA program is right for your potential new property. Interest OnlyARcHIVES Jumbo LoansApril 2012 For additional information, including ineligible areas and income limits, see our USDA Rural Housing page. To see if Jumbo VA LoansMarch 2012 you qualify, contact me below or apply online! Lender Paid Mortgage InsuranceFebruary 2012 Less Than Perfect CreditJanuary 2012 My Community MortgageDecember 2011 No Down Payment LoansOctober 2011 You might16 also like: 16 3 3 RefinanceSeptember 2011 Reverse MortgagesAugust 2011 USDA Rural HousingJuly 2011 VA MortgageJune 2011 VA to VA RefinanceMay 2011April 2011March 2011 VA Loans in Wisconsin VA Loans in Wisconsin USDA Rural Housing Benefits of the USDA REcENT POSTS Illinois Minnesota and Illinois Minnesota and Still Closing Loans: Loan Spouse of Military Veterans CanFebruary 2011 Florida: Step 3 of 5: VA Florida: Step 4 of 5: Update 4-26-2010 Many people are looking Apply for a VA Mortgage Loan ... Cho... We will keep submitting for ways to takeJanuary 2011 Today we will review Yesterday we discussed qualified borrowers until advantage of the Mortgage Industry Taking Steps toDecember 2010 step 3 of our 5 step how the VA Funding Fee the last dollar is historically low mortg... Counsel Customers on Reverse series about obtaining a allows a lender to offer guaranteed.... MortgageNovember 2010 VA loan. In y... 100% fina... Understanding the APR of aOctober 2010 Article by David Leonard Conventional MortgageSeptember 2010 Helping people “Finance Their Dreams“ is what I do best. I make it as possible by coming to you at a time Home Affordable RefinanceAugust 2010 that is convenient for you. I’ll guide you through the entire loan process right to the closing table and keep Program (HARP) Extended until 12- you updated the entire time. I’ll get you the lowest interest rate you qualify for with the term that best fits 31-2013July 2010 your budget. Put my 10 years of experience to work for you. Whether you need an FHA, 203k, USDAJune 2010 Rural Housing, VA, Jumbo, or Conventional mortgage, I’ll find the loan that meet your exact needs. If you Are there really that many homes want exceptional customer service delivered by 0ne of the most professional and honest (Eagle Boy Scout) loan officer you’ll that qualify for USDA funding?May 2010 meet in the industry; call me. Consultations are free and always confidential. NMLS ID ##248526 Which is better: A Jumbo Loan orApril 2010 an FHA Mortgage with New Higher DAVID HAS WRITTEN 96 ARTICLES.
  3. 3. March 2010 Limits? Subscribe to our feed via RSS or by EMAIL to receive instant updates.February 2010 The FHA 203K Program Can Be Contact me with questions: Perfect for Some People’s FirstJanuary 2010 Toll Free: 877-240-5810 Home Email: david.leonard@madisonmortgageguys.comDecember 2009 The Push for No Money DownNovember 2009 Mortgage OptionsOctober 2009 Bad Economic News is good for Mortgage Rates Setting up a Realistic Budget for a Home Purchase Tagged as: Addison USDA Rural Housing Login Loans, Altamonte Springs USDA Rural Add New Comment Housing Loans, Appleton USDA Rural Housing Loans, Barrington Hills USDA Rural Housing Loans, Barrington USDA Rural Housing Loans, Bartlett USDA Rural Please wait… Housing Loans, Bloomington USDA Rural Housing Loans, Bonita Springs USDA  Rural Housing Loans, Boynton Beach USDA Rural Housing Loans, Bradenton USDA Rural Housing Loans, BrookfieldBlog Catalog USDA Rural Housing Loans, Brooksville USDA Rural Housing Loans, Cape Coral USDA Rural Housing Loans, Carol Stream Showing 0 comments Sort by newest Sort by newest first first USDA Rural Housing Loans, Chicago USDA Rural Housing Loans, Clearwater USDA Rural Housing Loans, Coral Springs M Subscribe by email S RSS USDA Rural Housing Loans, Daytona USDA Rural Housing Loans, Deltona USDA Rural Housing Loans, Eau Claire Reactions USDA Rural Housing Loans, Eden Prairie USDA Rural Housing Loans, Elmhurst USDA Rural Housing Loans, Florida USDA Rural Housing Loans, Fort Lauderdale USDA Rural Housing Loans, Fort Myers USDA Rural Housing Loans, Fort Walton Beach USDA Rural Housing Loans, Trackback URL http://www.madisonmortgageguys.com/blogs-mortgage-professor/content/property-qualify-usda-rural-housing/trackback/ Gainesville USDA Rural Housing Loans, Glen Ellyn USDA Rural Housing Loans, Hoffman Estates USDA Rural Housing Loans, Homestead USDA Rural Housing PREVIOUS POST: Which is better: A Jumbo Loan or an FHA Mortgage with New Higher Limits? Loans, Illinois USDA Rural Housing Loans, Jacksonville USDA Rural Housing Loans, Jupiter USDA Rural Housing Loans, La NEXT POST: Home Affordable Refinance Program (HARP) Extended until 12-31-2013 Crosse USDA Rural Housing Loans, Lake Mary USDA Rural Housing Loans, Lakeland USDA Rural Housing Loans, Lombard USDA Rural Housing Loans, Longwood USDA Rural Housing Loans, Madison USDA Rural Housing Loans, Melbourne USDA Rural Housing Loans, Menomonee Falls USDA Rural Housing Loans, Miami Gardens USDA Rural Housing Loans, Middleton USDA Rural Housing Loans, Minneapolis USDA Rural Housing Loans, Minnesota USDA Rural Housing Loans, N. Fort Myers USDA Rural Housing Loans, Ocala USDA Rural Housing Loans, Oconomowoc USDA Rural Housing Loans, Orange Park USDA Rural Housing Loans, Orlando USDA Rural Housing Loans, Palm Bay USDA Rural Housing Loans, Panama City USDA Rural Housing Loans, Park Ridge USDA Rural Housing Loans, Pensacola USDA Rural Housing Loans, Pewaukee USDA Rural Housing Loans, Port Charlotte USDA Rural Housing Loans, Port Orange USDA Rural Housing Loans, Port Saint Lucie USDA Rural Housing Loans, Roselle USDA Rural Housing Loans, Sarasota USDA Rural Housing Loans, Schaumburg USDA Rural Housing Loans, Shorewood USDA Rural Housing Loans, Spring Hill USDA Rural Housing Loans, St. Petersburg USDA Rural Housing Loans, Stillwater USDA Rural Housing Loans, Stoughton USDA Rural Housing Loans, Sun Prairie USDA Rural Housing Loans, Tallahassee USDA Rural Housing Loans, Tampa USDA Rural
  4. 4. Housing Loans, Villa Park USDA Rural Housing Loans, Waukesha USDA Rural Housing Loans, Wausau USDA Rural Housing Loans, Wauwatosa USDA Rural Housing Loans, Wheaton USDA Rural Housing Loans, Whitefish Bay USDA Rural Housing Loans, Williams Bay USDA Rural Housing Loans, Winter Haven USDA Rural Housing Loans, Wisconsin USDA Rural Housing LoansMY LATEST TWEETS REQUEST CALL BACK RECENT POSTS CONTACT METY RT @garymeador: Garys Mortgage Request a call back from David Leonard. Spouse of Military Veterans Can Apply for David LeonardNew Daily is out http://t.co/qbVnwhjH Top Your Name (required) a VA Mortgage Loan NMLS ID #248526stories via @AmarilloWX @PeiWeiJobs Mortgage Industry Taking Steps to Counsel 368 Junction Road@SFAssessor @mix941kmxj Customers on Reverse Mortgage Madison, WI 5371733 minutes ago Your Email (required) Understanding the APR of a Conventional#Mortgage Rates in Wisconsin Florida Mortgage Toll Free: 877-240-5810Minnesota #Illinois Jumbo Refinance Home Affordable Refinance Program www.madisonmortgageguys.comBartlett FHA 203k VA Loans USDA IL 4- Your Phone Number (required) (HARP) Extended until 12-31-2013 david.leonard@madisonmortgageguys.com25-2012 http://t.co/5JzeHfdV 2 hours ago Are there really that many homes that#Mortgage Rates in Wisconsin Florida qualify for USDA funding? Socialize with us:Minnesota #Illinois Jumbo Refinance Best Time to Contact (required) Which is better: A Jumbo Loan or an FHANaperville FHA 203k VA Loans USDA IL 4- Mortgage with New Higher Limits?24-2012 http://t.co/5JzeHfdV 1 day ago The FHA 203K Program Can Be Perfect for#Mortgage Rates in Wisconsin Florida Enter the CAPTCHA Code Some People’s First HomeMinnesota #Illinois Jumbo Refinance Lisle The Push for No Money Down MortgageFHA 203k VA Loans USDA IL 4-23-2012 Optionshttp://t.co/5JzeHfdV 2 days ago Bad Economic News is good for MortgageTY for the mention! RT @garymeador: RatesGarys Mortgage New Daily is out! Sendhttp://t.co/qbVnwhjH Top stories today via@RORTexas @MortgageMike6252 days ago Copyright 2012 www.MadisonMortgageguys.com All rights reserved. Terms | Privacy Policy | Licenses | Contact Us INLANTA is a trademark of Inlanta Mortgage, Inc.
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