If you are still looking for a home, I can definitely help you! Most local lenders are approved to do the Rural Development loans which offer the 100% financing. Although I see you have the map address, locally, rural development includes all of Pace, Milton, Cantonment, and Beulah west of 11 Mile Creek Rd. I have a house for sale- 3/2 on a 1/3 acre in Beulah on Woodside Rd. 100% move in ready, completely remodeled, and qualifies for the Rural development loan! It als includes Gulf Breeze (east of Proper of course) and Navarre!
Usually alot of repairs for a loan sake means rotted wood, a bad roof, missing floor covering, etc. If the carpet is stained and in bad shape, you should still be able to qualify for the loan as long as there aren't big holes or missing peices of the floor. Of course, you never want to buy a house with a leaky roof so they would check that, and check to make sure it has a functioning a/c unit, inside and out, hot water heater, etc. Appliances are not usually something they check for.
Let me know if you need help here locally and still havent found a house! i know a few local lenders I can refer you to in order to get your pre-approval which allows you to start shopping for houses!
Thanks and have a great day,
Nicole St. Aubin, Realtor
Realty Masters of FL
(850) 473 3983 phone
USDA homes are in certain areas and below is a link that you can determine if the home you want to buy is in a USDA area.
Make sure you check the household income in the eligibilty website. It is a little tricky and if you are close but over there are certain items that we can subtract from your income to make sure you fit the income requirement.
If there are cosmetic repairs needed it should not be a huge issue, but anything that is structural or suggests structural problems will not be allowed.
If you would like to discuss in more detail, I would be glad to help.
We have a local USDA office located in Crestview. Diane Collar is the area director, she can be reach by phone at 850-682-2416 ext 128 or by email at Diane.Collar@fl.usda.gov. She should be able to help you or direct you to someone local who can.
Here is a link to Florida and you can check for areas that are eligilble for USDA loans.
Just to give you an idea here is a copy of the checklist that is recommended to be used when the apraiser is at the property.