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Juliette : Real Estate Advice

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  • Local Info0
  • Home Buying1
  • Home Selling0
  • Market Conditions1

Activity 2
Fri Jun 26, 2015
Kelli Coppock answered:
Monroe County is a highly desired area. Over the last 3 months, there has been an average of 18-19 properties sold per month. The current number of active listings is 111. There is approximately a 6-month supply of marketed homes. The month of June exhibited 26 new SFR listings and 15 were sold. I'll be glad to send you more reports, including a heat map and active and sold trends. When considering how quickly your home would sell, you have to consider the price range as well. If you would like more information, please contact me at ... more
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Sun Aug 18, 2013
Rodney Mason answered:
The USDA program is still offering 100% financing, but there are income & geographic limitations (see links below).

Here are some highlights of the program that you should be aware of:

• Credit score must be at least 640+
• Borrower is not required to be a first-time homebuyer, but a home buyer education is required for all first time home buyers
• No minimum borrower cash contribution.
• Maximum 100% LTV based on appraised value (102.00% LTV including the 2.00% Guarantee Fee financed in)
• Seller contribution typically limited to 6% (may cover closing costs & pre-paids)
• 30 Yr Fixed Rate
• Low Monthly Mortgage Insurance is required
• No borrower reserve requirement
• In-ground swimming pools are only permitted if given no value in the appraisal
• Chap 7 & 13 Bankruptcy/Foreclosures – typically must be discharged at least 36 months

USDA Income Limitations

USDA Property Address Search

Use this map to get an overview of where this program might be available. You can then use the property search link above to determine the eligibility of the actual property address. From the UDA website, you can also zoom in on the map to get more accurate boundaries.

If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
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