| T O P I C R E V I E W |
| Alee |
Posted - Jan 16 2008 : 09:36:43 AM
Hi Ladies!
I know that I have brought this up before- but as I talk with the USDA Rural Development people more and more- I can help but think that this is just about as perfect a program as can be.
Let me be brutally honest here. I have really bad credit. Like scraping the bottom of the barrel credit. I am in the process of fixing it- but it is going to take awhile. I figured I had pretty much shot my chances of getting a house any time soon.
I just talked with the Rural Development lady in Yellowstone County of Montana yesterday. She said in cases like mine they will look at "alternative credit" such as how often you pay your utilities on time, length of employment etc.
They honestly really truly want to help people. Also they give you a lower interest rate that the market norm and depending on your situation, they sometimes will subsidize part of your mortgage payment!!!
You can buy up to 5 acres of land, you can buy land with or without a home on it, if you already own a mobile home, you can move the mobile onto the land you bought instead of paying lot rent all the time.
I urge anyone that is renting to look into this program.
http://www.rurdev.usda.gov/
Eligibility calculator for the programs:
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
Please let me know if the program works for you! I am so excited about it!!
It Came It Came It Came!! Yay!! I am so very happy right now!! My packet to fill out for the USDA RD of Montana came today!!
Alee
Farmgirl Sister #8
Please come visit Nora and I our our new blog:
http://FarmgirlAlee.blogspot.com" target="_blank"> http://FarmgirlAlee.blogspot.com |
| 25 L A T E S T R E P L I E S (Newest First) |
| ddmashayekhi |
Posted - Oct 15 2008 : 7:12:02 PM
Good luck to all of you who are looking to buy your own little piece of land! I hope everything works out for each of you!
Dawn in IL |
| Alee |
Posted - Oct 15 2008 : 1:28:49 PM
Bump
Alee
Farmgirl Sister #8
www.awarmheart.com
Please come visit Nora and me on our blog: www.farmgirlalee.blogspot.com
Put your pin on the farmgirl map! www.farmgirlmap.blogspot.com |
| Alee |
Posted - Mar 25 2008 : 1:27:57 PM
Brenda-
This program is to help those who are unable to afford adequate housing of their own. Since you already own a house, you probably won't qualify since you have such a major asset already, but it wouldn't hurt to ask!
Alee
Farmgirl Sister #8
www.awarmheart.com
Please come visit Nora and me on our new blog:
www.farmgirlalee.blogspot.com |
| Past Blessings |
Posted - Mar 19 2008 : 12:32:08 PM
I am rather confused. We don't qualify for the direct but do qualify for the guaranteed. However, when I read more, it said "applicant must not have adequate housing but need to be able to qualify for housing." So does that mean because we have a house, we are eliminated from having rural property?
Brenda
Past Blessings . . . Celebrating Life as it used to be . . . when people loved God, loved their families and loved their country. |
| Alee |
Posted - Mar 16 2008 : 12:39:52 PM
Heather-
Have you heard any good news yet?
Alee
Farmgirl Sister #8
Please come visit Nora and me on our new blog:
www.farmgirlalee.blogspot.com |
| MagnoliaWhisper |
Posted - Mar 09 2008 : 11:40:34 AM
Yeah I probably should. Cause really I don't think we have any credit! lol haha :) Thanks again! |
| Alee |
Posted - Mar 09 2008 : 10:51:52 AM
I suggest that you start the process now, so if there are any credit hangups, they can help you start to fix them. That is what Doug and I are doing. :D
Alee
Farmgirl Sister #8
Please come visit Nora and me on our new blog:
www.farmgirlalee.blogspot.com |
| MagnoliaWhisper |
Posted - Mar 09 2008 : 09:32:51 AM
Thanks Alee! I will call them! :) I hope I remember all this next year when we are ready! :) lol |
| Alee |
Posted - Mar 08 2008 : 7:37:55 PM
Hi Ladies!
There are two important links that I will go find for you on the USDA website- which is horribly planned out and very confusing, I agree!
The first link is an online calculator to see if your income qualifies you and for which program.
http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state&NavKey=income@11
The second is information on your county, income limits plus loan limits.
http://www.rurdev.usda.gov/rhs/sfh/sfh%20guaranteed%20loan%20income%20limits.htm
Heather- Just because you will be living with family in a large house I don't think that will prevent you from participating in the program, since you aren't the owners.
Don't be afraid to call your local USDA office. These people are great and really try to help!
Alee
Farmgirl Sister #8
Please come visit Nora and me on our new blog:
www.farmgirlalee.blogspot.com |
| MagnoliaWhisper |
Posted - Mar 08 2008 : 4:27:50 PM
Ok I went to the site, but I am so confused about this kind of stuff.
We are deffinately moving to rural Kansas. Colwich to be exact (we are hoping!). It's in Sedgewick Kansas (if you want to look on the above site's map).
Any way here's the situation, I met my husband about 12 years ago online. We married in 2001, he lived in NYC, (born and raised), even though I was born in NYC I was raised in Kansas, and when we got married I moved here to NYC cause he is the one with the job. (I've always been a stay at home wife, and now a SAHM) Any way, now we are planning to move to Kansas. Next year when he has 10 years built up on his current job so most of his benifits at retirement can follow us. The thing is he works for NYC transit (the subway system). So he will deffinately have to get a new job in Kansas. He can't be relocated to Kansas working for NYC transit! lol haha (no subways in Kansas). So when we get there, basically he will not have a job (he'll be pounding pavement from day one looking for a job!), and we'll be moving in with my parents.....
My parents.......well they do live in a McMansion. In Colwich, Kansas (and is also a wildlife preserve). They live on about 70 acres, with a lake and a 10 bedroom, 6 bathroom, 2 laundry rooms, 2 family rooms, plus a living room, 2 fireplaces, 6 car garage, yada, yada, yada log cabin.
Can this program work for us? Once we apply my husband's job will be brand new, and we will be living in the above stated McMansion....however, even though my parents are "rich" sort of speak, we are NOT! lol And will never be. My husband is a blue collar worker. And I'm a SAHM. Both my parents are white collar workers........well I think (mom dr-do, dad RN-with a bunch of other initials I never remember/psycho therapist/chaplin).
So can you help me understand! Thanks. :)
BTW, we are looking at a house around 60,000.00 in Colwich. (I think we could afford a 40,000.00 easier, but they are all run down and would need so much work, I don't mind working, but the ones in that range are like work that needs pros, like uh black mold, no floors-can see the ground! lol haha etc). 60,000.00 range is still in need of repairs, but ones I think we can handle doing ourselves and in our budget. |
| Alee |
Posted - Mar 08 2008 : 3:35:20 PM
Hi Katee!
The price is adjusted per county per state. So if modest houses run $200k in your area, they will give you enough money to buy a nicely modest house. Not a McMansion, but a good solid house with enough room. Also the number of people who are in your family affects it as well.
I think the biggest thing you will run up against in Florida is that you have to be in a "rural" area which basically means outside the city limits of any major population center. The town I live in is 30k people and it is consider rural.
And no, if you are renting I don't think that will disqualify you. We rent a pretty nice apartment but rent kills us too. I think renting is considered a non-prime situation for this program because paying for something you don't own does not help your community.
If you go to the website there is a place that tells how much you can get by county in each state. I will try to find that link for you.
Alee
Farmgirl Sister #8
Please come visit Nora and me on our new blog:
www.farmgirlalee.blogspot.com |
| sonflowergurl |
Posted - Mar 08 2008 : 1:30:03 PM
Alee, any idea what a normal loan amount might be? We're in Florida and prices, though dropping drastically, are still kind of high. Just wondering if we could even get anything in our town or not.
Also, we keep bringing up the possibility of moving to Kansas, so I'm just curious what kind of money they give you to work with.
One other thing, do you have to be currently living in sub-par housing? We are renting a new home (we're the first tennants) but paying a lot of money for rent. But because we're in a nice home, I'm not sure if that disqualifies us. Rent is really killing us though.
Katee
A life without love is like a year without summer.
"Looking Toward the Son"---- http://sonflowergirl731.blogspot.com
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| Alee |
Posted - Feb 12 2008 : 10:54:08 AM
Emme-
The houses they list for sale on that site are the ones they have had to re-posses. Instead of looking for something they are selling, instead call your local office, apply to the program, and if you get apporoved they will give you a certain $$$ amount that you can use to buy any house as long as it is in good condition.
They will inspect the house to make sure the roof, plumbing, electric, foundation, water source etc are all good. They don't want people who are in a financial hard spot to be jumping into a mortgage and then having to do tons of repairs.
Alee
Farmgirl Sister #8
Please come visit Nora and I our our new blog:
www.farmgirlalee.blogspot.com |
| Aunt Em |
Posted - Feb 12 2008 : 10:43:48 AM
I went to the link you listed Alee, and tried to search for listings, but not a single county I checked (in several states) had anything for sale. Am I missing something or using the wrong link? Our credit is pretty good, but we're having a hard time finding farms for sale! If you have any ideas on where they are listed, that would be great! Thanks for any help.
Farmgirl Sister #138 |
| Tammy Claxton |
Posted - Feb 08 2008 : 4:02:43 PM
I told my daughter about this and she's looking into it too. Thanks for the tip. :)
"A friend is someone who does things that count, but never stops to count them"
http://countryintheburbs.blogspot.com/ |
| Alee |
Posted - Feb 04 2008 : 8:02:35 PM
BUMPING
Alee
Farmgirl Sister #8
Please come visit Nora and I our our new blog:
www.farmgirlalee.blogspot.com |
| catscharm74 |
Posted - Jan 18 2008 : 6:16:03 PM
Alee- that is wonderful!! Sometimes people get into debt for other reasons than just being frivalous. I knew of a family who paid medical expenses all on credit and were still able to get home help because they had the proof and they always paid on time and over the amount due. It is nice to see programs like this that really help people out.
Cheers,
Heather |
| Alee |
Posted - Jan 18 2008 : 11:07:24 AM
I am so excited! I can hardly sit still. I am just waiting for my postman to bring me some information and forms to fill out in the mail! yay!!
Alee
Farmgirl Sister #8
Please come visit Nora and I our our new blog:
http://FarmgirlAlee.blogspot.com" target="_blank"> http://FarmgirlAlee.blogspot.com |
| Tammy Claxton |
Posted - Jan 18 2008 : 10:29:44 AM
Very cool site! I am going to show hubby this tonight!We have been talking about making a move in a year or so and this might be the answer we are looking for!
What doesn't kill you only makes you stronger!
http://countryintheburbs.blogspot.com/ |
| Miss Bee Haven |
Posted - Jan 17 2008 : 06:13:53 AM
This sounds like a really great opportunity for you, Alee. I'll keep my fingers crossed that it works for your family. Please keep us posted!
Farmgirl Sister #50
"If you think you've got it nailed down, then what's all that around it?"
'Br.Dave Gardner' |
| KYgurlsrbest |
Posted - Jan 17 2008 : 05:39:41 AM
Hey, Alee. Thanks for posting this...it sure gives me some hope, too. My credit is pretty terrible, really. After my divorce about 10 years ago, it just never really got any better, regardless of how many jobs I worked.
I can't wait to look into it!
Farmgirl Sister #80, thanks to a very special farmgirl from the Bluegrass..."She was built like a watch, a study in balance ... with a neck and head so refined, like a drawing by DaVinci"...
NY Newsday sportswriter Bill Nack describing filly, Ruffian.
http://www.buyhandmade.org/ |
| Annika |
Posted - Jan 16 2008 : 11:11:40 AM
Thank you Alee!
Annika
Farmgirl sister #13
Mud Hen Queen
http://innermountainmudhens.wordpress.com/
http://panzymoon.wordpress.com/ |
| Alee |
Posted - Jan 16 2008 : 10:21:24 AM
Annika-
The local office for Rural Development for us (Moscow) is in Lewiston. I will update the info as soon as I can- the website is just running slow right now.
When I spoke with the lady in charge last year when we were thinking of staying, she begged me to spread the word. Her exact words were "We can't help people if they don't ask!" They have been so great so far. She also said that if our credit was to bad at this time, they would counsel us on how exactly to improve it the fastest so we could get on with them! Yay!
Alee
Farmgirl Sister #8
Please come visit Nora and I our our new blog:
http://FarmgirlAlee.blogspot.com" target="_blank"> http://FarmgirlAlee.blogspot.com |
| mikesgirl |
Posted - Jan 16 2008 : 09:43:32 AM
That really sounds like a great program Alee. I wasn't aware of it - I'll have to pass the info onto some people I know will appreciate it! Thanks.
Farmgirl Sister #98 |
| Annika |
Posted - Jan 16 2008 : 09:42:54 AM
Yay Alee! I hope you get your farmette really soon! I am happy that things are going your way so well. Drew and I really need to look into this if we can find anything close enough to his work, it would be heaven!
Annika
Farmgirl sister #13
Mud Hen Queen
http://innermountainmudhens.wordpress.com/
http://panzymoon.wordpress.com/ |
