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Florida_Cal_…, Home Buyer in Tampa, FL

How do I find homes eligible for an USDA loan? I know there are certain neighborhoods these homes are in and I wanted to know if there was a website

Asked by Florida_Cal_Mommy, Tampa, FL Mon Jan 18, 2010

or something.

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Answers

19
Hi Simone,

Here is the direct link to a map for property eligibility

http://eligibility.sc.egov.usda.gov/eligibility/eligibilityA…

It does take slightly longer, but is a wonderful option if you meet the income requirements. Good luck to you!
Debbi Tinker
Keller Williams Realty
(813) 263-0932
3 votes Thank Flag Link Mon Jan 18, 2010
Hello! You can go to their website and input the address you're interested in. There's a large area in Riverview and Ruskin that qualifies for USDA. Good luck with your search! We have communities with Brand new homes that qualify for USDA.

Yatsira Rivera
Senior New Home Consultant
813-778-4422
1 vote Thank Flag Link Sat May 26, 2012
I found a great house and because it needed to be fixed up the land to value ratio was 70% land and it wouldn't qualify. Since it's an urban renewal program, doesn't that mean they know the homes need repairs and so the value ratio would be off? Maybe I'm misunderstanding the point of offering these loans. It seems the area they approve all have big lots (because it's a rural area) and small, older homes that need repair.
Any thoughts that might help, or is that just how it is with these loans?
Flag Mon Mar 31, 2014
a good example of the TIMELINESS of these Questions:

JANUARY of 2010!!!!!!!!
1 vote Thank Flag Link Tue Jul 26, 2011
http://www.usda.gov will help you find the properties you are looking for .. you must type in the address to see if if it approved for usda
0 votes Thank Flag Link Fri Mar 8, 2013
I have the address to a property the USDA has I want to see if its in inventory and up for sale yet
0 votes Thank Flag Link Sun Jan 13, 2013
I have a great USDA home for sale come to MA Small Town great school call donna at 1
508 757-4200 a cape cod home with a loft bed room and a master bed room with bath take a look moving great place to raise children in a small town of NEWENGLAND come and see for your selfs but you must call donna at 1 507 757-4200 I could not find any USDA sites so I am putting it up so people can see for themselfs Thank you deb P Barre Ma
0 votes Thank Flag Link Fri Jan 4, 2013
Here is the website to check approved locations. http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
USDA funding is alive and well in 2012. Learn more about USDA here in Florida at http://www.usdamortgagesource.com - Florida's USDA leader.
0 votes Thank Flag Link Thu Jun 21, 2012
Hello there, here is the website from the USDA itself :
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

They have the maps and everything. Nothing better to know directly from them, Even if the fund is exhausted eventually it will come back. Check your area and find out, next find a good lender, someone responsive, no good if they have tons of experience, if you can't even talk to them right?
0 votes Thank Flag Link Fri Mar 16, 2012
Correct. But still you have seen my response that's all that matters. I just get pissed off when people don't know what they are talking about. I know companies that have been funding USDA loans none stop over the last several years.
0 votes Thank Flag Link Sun Mar 4, 2012
This question was from 2010...
0 votes Thank Flag Link Sun Mar 4, 2012
It's funny how many people will just tell you that the funding is gone and you are out of luck. Not Tru! There are lenders funding the loans with a conditional commitment from RD. To answer the question at hand here is a page you can find the USDA eligibility tester on http://www.usdaloans.net Just put the address in but don't put the city it seems to work better that way.
Web Reference: http://www.usdaloans.net
0 votes Thank Flag Link Sun Mar 4, 2012
I am certainly no expert. If the question is about finding USDA eligible homes, this little widget really may help answer your questions: http://www.usdaloanagency.com/propertysearch/
All you do is put in your zip code and it will highlight eligible areas.
0 votes Thank Flag Link Thu Nov 3, 2011
Debbi posted the correct link where you search to see if a property is located in a USDA eligible area. Rick is 100% incorrect that USDA financing is no longer availble. USDA loans were only unavaible from May to September 2010 when USDA funds were exhausted. Since that time, there has been absolutely no interruption with USDA funding.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
0 votes Thank Flag Link Sun Aug 7, 2011
Starting October 1st for USDA loan funding’s, there will now be an Annual (monthly) fee, just like FHA. The annual fee will be .003%. The funding fee will drop from 3.5% to 2%. They say right out no mortgage insurance so in my mind the annual (monthly) fee may not be tax deductible. The good news is there is plenty of money available. My lender are closing these loans fast. My lender can help you get a USDA loan close don’t hesitate to call. The ever constant changing world of lending.

Thanks,
Angela Davis - Associate Broker
GRI, CLHMS, CRS, AHWD, CNE
Million Dollar Guild Member

Signature Realty Associates
Direct: (813) 545- 3118
Fax: (813) 643-5776
http://www.Go2TampaHomes.com
http://www.AngelaSellsTampa.com
0 votes Thank Flag Link Sun Aug 7, 2011
Funding for the USDA program has been exhausted. Unless you were previously approved and under contract, that lending program is no longer available. The next program for money down would be an FHA or VA program. Contact a lender that way you can get the most updated answer.


Angela Davis - Associate Broker
GRI, CLHMS, CRS, AHWD, CNE
Million Dollar Guild Member

Signature Realty Associates
Direct: (813) 545- 3118
Fax: (813) 643-5776
http://www.Go2TampaHomes.com
http://www.AngelaSellsTampa.com
0 votes Thank Flag Link Tue Jul 26, 2011
wrong. no problem in Oklahoma in 2014.
Flag Fri Jun 27, 2014
I was just told in the end of May by our Affiliated Mortgage company that there is still funding available for USDA and that there is no delay in funding and they are continuing to accept and process application packages. Please contact me if you would like more information.
0 votes Thank Flag Link Wed Jun 23, 2010
Simone,

I hope that you will be approved. My mortgage person informed me that once their funds are exhausted they will not be getting any more money.

Phil

Phil Fowler, Realtor e-PRO TRC ILHM
Keller Williams Realty
813-401-8078
Phil@PhilFowler.com
Web Reference: http://www.PhilFowler.com
0 votes Thank Flag Link Tue Apr 27, 2010
Dear Simone,

http://eligibility.sc.egov.usda.gov/eligibility/incomeEligib…

At the above site you can see if your level of income will qualify and you can also input the property address to see it it is eligible.

From what I understand it takes a couple of weeks longer to close USDA so just be sure your Realtor writes your contract with sufficient time to close your loan.

Hope this helps.

All the best,
Alma
Alma Rose Kee, P.A.
Charles Rutenberg Realty, Inc.
813.244.9898
http://www.SoldOnTampa.com
0 votes Thank Flag Link Mon Jan 18, 2010
Hi,
Please contact a lender or a Real Estate Professional in your area. Here in my area of Colorado, the counties that are available (designated rural) for the USDA loan are Clear Creek County and Park County.
These are wonderful loans and readily available. The best part is that we can close them quicker than conventional loans.
~Deb
0 votes Thank Flag Link Mon Jan 18, 2010
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