Well, I hope everyone had a great holiday season, and wishing everyone out there a very good 2013. We survived the Mayan media blitz, and gained strength in Ohio's real estate market at the same time.
With more than curiosity, I continue to watch the Buckeye's real estate market and with great enthusiasm, I'm happy to report that more and more, buyers are learning about USDA homes for sale.
When a first time buyer initially contacts me, I'm always pleased to share how to go about buying a home with no money down, and most simply don't realize, the home just has to be in a qualified area, move in condition, and under 5 acres. USDA homes for sale in Ohio include foreclosures, luxury homes and all manner of properties in-between.
We constructed a special Ohio property search to that end. Now buyers can simply select their county, and then their community of choice to see all USDA homes for sale with just a click or two.
The next question buyers have is the financing. Easy enough, our qualified and preferred lenders work with USDA home loans all the time and provide excellent service. The income qualifications are easy enough as well, not to top 70k for a family of four, and a family of five cannot top more than 90k in household income.
Another thing for buyers to consider, is how affordable buying Ohio USDA homes for sale with no money down really is. Buyers that purchase with this type of financing enjoy a much smaller installment on their mortgage payment that buying a home with an FHA loan, and putting 3.5% down. Save substantial money! This can also allow a home owner to pay down a mortgage and also build equity faster for making a smaller extra principal only payment.
Buyers are also amazed to discover how affordable these homes are. For instance, a $150,000 home in Monroe, Ohio would have a payment of around $952.92 including average residential taxes and PMI (private mortgage insurance) which comes off once 20% of the loan is paid off, reducing the payment approximately $82.00.
The affordability, and increasing knowledge of buyers shopping online is creating renewed and growing interest in USDA homes in Ohio. Historically low rates and low but climbing housing values are also fueling this activity and we expect a massive increase in buyer activity spring, 2013
Have a wonderful new year!