Here is a list of ALL the homes in that general area which are said to be USDA eligible. I believe a few of them are listed as USDA eligible by mistake, but for the most part, the list at least gives you an idea of what is available. http://sabor.connectmls.com/listings.jsp?dcid=CB931C9464D818
USDA loans take longer to underwrite than FHA, VA or Conventional, and are often subject to limited funding availability. Your agent will have to check out lots of details before you make an offer.
Ellen and Doc Stephens, REALTORS
Code of ethics has verbage about those type of comments.
The loan is 100% financing with no extra cost like the bond loan so you do not always need 6% closing cost. The seller is allowed to pay all the closing cost and rates are usually a little better then FHA plus the mortgage insurance is .40% compared to the 1.25% on FHA additionally there is an upfront guarantee fee of 2% but FHA has the upfront MIP of 1.75% so it is pretty close to the FHA but with a much lower payment and no down payment. The only drawback is that after we have underwritten the file we have to send the file to USDA to review so this usually takes an extra week or so. I love the program and use it as often as I can.
So.. let's just throw out some questions that 99% of agents out there are scared to death you will ask.. :)
#1 - Why would I work with you instead of any one of the other 5000 Realtors in San Antonio
#2 - How many homes have you actually represented the buyer for, and can you show me your stats in the MLS sytem
#3 - How many years experince do you have doing real estate?
#4 - Are you a FULL TIME Realtor (beware of those who do real estate as a 2nd job!!)
#5 - Do you have an references I can call right now?
#6 - Which lender will you refer me to for my loan, and how long have you worked with them?
#7 - Tell me why I need you as my buyer's agent.
#8 - How many buyers are you working with right now?
Most agents really don't have strong answers to these questions. I would intervew quite a few before you settle on one.
You want the agent that is ready to work hard for you to get the best deal. Get the seller to pay your closing costs, come down on the price, make repairs, etc. They need to be more focused on what you need than they are on their commissions. That's the key. There are a lot of REALLY BAD Realtors in San Antonio, and there are some really good ones...
I have some great answers to all of those questions... give me a call, e-mail, or shoot me a text.. I'll throw my name in the hat :)
Jason C Campbell
Option One Real Estate
I have been in business since 1976.
Find your next home at http://www.JoseSellsSanAntonio.com
I have 15 years of San Antonio experience.
I have managed a Real Estate office / Recruited for the company and been the trainer.
I know the area well having lived in this area since 1994.
I am retired from the Air Force.
Real Living/Best Homes
Best of luck!
If you have already found a REALTORÂ®-Congratulations, if not, I would like to ask for an opportunity to interview with you for a chance to respresent you in your home search.
Congratulations on the USDA financing. Way to go!
Call me and we can start setting up some showings.
Justin Werner, ABR, CDPE, CRS, SFR
Accredited Buyer Representative
Certified Distressed Property Expert
Certified Residential Specialist
Short Sale & Foreclosure Resource Certified
Platinum Top 50 Realtor Finalist 2011
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