Real Estate Related | Liz B. Real Estate

What is a USDA Loan?

25 02 2013

I recently saw this question making the rounds and thought I should take a moment to answer.

First off let me post a link.

http://www.rurdev.usda.gov/Home.html

This is the site you want to go to for all the nuts and bolts of the USDA (Rural Development) Loan

The gist is you get 100% financing for a qualified house if you are a qualified buyer. Use the link above and follow the tab labeled ELIGIBILITY.

The property will need to be in a rural area as specified by USDA. They have a link on the site that allows you to look up an address to double-check. On a side note in March 2013 the boundaries will be changing so a house that qualified last month may not qualify next month.

Maximum Adjusted Household Income for Charles County, Maryland is $101,000.00 annually for a family of 4.

If you want to work through the process and get pre-approved speaking to a loan officer (I would be happy to supply a few names) is going to be your best bet.

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Tags: buyer, Chalres County, Loan, Lona officer, Maryland 100% financing, Rural Development, USDA
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10 Options instead of Foreclosure

7 11 2011

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Tags: bankruptcy, CDPE, Charles county, civil relief act, deed in lieu, Distressed home, forbearance, foreclosure, Maryland, money, mortgage modification, on the edge, Real Estate, refinance, reinstatement, rent the property, renting, repayment plan, sell the property, short sale, southern Maryland
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Busy Mind

8 09 2011

Spoiler alert – this post is about one of my listings 😉

My mind is busy, stuffed, running, going 100 miles a minute, cluttered. What ever you want to call it, I had a lapse in focus this morning because of this Busy Mind issue. I don’t know about all of you but when I shower I have a routine. Shampoo, condition, face, body, rinse (top to bottom). Well, while my mind was focused somewhere else my shower got all confused and out-of-order 🙂

This is where my mind was!!

I was thinking about one of my listing this morning. We just reduced the price to $614,900. This picture is gorgeous but doesn’t do the home justice. You can read about the home specs on my featured listing page. That is besides the point.

The point is…I have come up with a solution to the shower predicament I found myself in this morning. You need to buy this home. Give me a call, I’ll get it all set up and worked out for you 😀