NorthWest Indiana Real Estate Blog

Just as the Seasons Change here in NW Indiana...We work to Help Families Achieve Their Real Estate Goals in Every Season of Life...Whether Buying or Selling a Home or Land or Investing...Give us a Call @ 219-405-1232.

Information about Buying a Northwest Indiana Home with a U.S.D.A Loan

Map of rural areas in NW Indiana where USDA loans may be used to purchase propeties for saleNot everyone qualifies for a USDA Loan (based on income and credit).

Not every Northwest Indiana Home For Sale is located in a region that qualifies it for U.S.D.A. Financing!

Before we work with any home buyers in NW Indiana, we have them pre-qualified first.

If they qualify to finance their home purchase with a USDA loan, next we narrow down the choices of the homes for sale that are geographically in the rural areas of Lake County, Porter County, or  La Porte County in NWI where U.S.D.A loans are acceptable according to the current Property Guidelines listed below*

*Yellow shaded areas on the map give you a rough idea of where rural housing loans may be used in buying homes in the Region of Northwest Indiana counties of Lake, Porter and La Porte. We verify every address online and with the lender before scheduling showings!

 

 You can Achieve the American Dream with

USDA Rural Development Housing Loan!

Talk To Tucker Today to help you !

This program, through USDA, features 100% financing for qualified moderate income families desiring to purchase single family homes with little to no cash investment.

Overview->

*Fixed Rate Purchase – 30 Year term
*Guarantee Fee of 3.5%-May be financed above appraised value
*Currently no monthly PMI
*Seller Concessions up to 6%
*Income limits based on adults in household
*Single family dwelling or eligible Condo/PUD*

Property Guidelines

Well – water must be tested to state guidelines
Flood Zone – requires elevation certificate
Repairs – based on FHA minimum property standards
Pool - value must be deducted from appraised value
No income producing capabilities-orchards/tillable/cell phone towers/apartment over garage/in law quarters
Outbuildings/pole barns/service buildings – can’t have more than $10k combined value and can’t exceed specific size

Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more.

 F.C.Tucker Indiana's largest Real Estate Company Sincerely,

Jeff & Grace Safrin,  Broker / Owners

F.C.Tucker 1st Team Real Estate

13 Lincolnway Suite # 203 

Valparaiso, IN 46383         

Office # 219-309-9930

serving Lake, Porter, La Porte, Jasper, Newton & Starke Counties in NW Indiana

 Independently Owned & Operated

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4 comments • Jeff & Grace Safrin, Broker / Owners, SFR, CRS, Northwest Indiana • September 30 2011 01:57PM