If you’re like many people, you’ve been planning your escape from “big city life” for a while – you need some space. You need peace and quiet. And you need to have plenty of room to just… be. If you’ve been dreaming of moving to the country, North Florida is definitely the place to be.
And it may be within your reach.
Dreaming of Moving to the Country in North Florida? It May Be Easier Than You Think
A lot of people are considering a move to the country right now – and USDA loans can help. These loans, backed by the U.S. Department of Agriculture’s Rural Development Guaranteed Housing Loan Program, are designed to help low- and moderate-income borrowers buy property outside of cities.
USDA Loan Benefits That Can Help You Move to the Country
USDA loans offer several benefits, including:
- Low or no down payments
- Looser requirements for income
- Lower credit history requirements
These loans are available to more people than you may think – and you don’t have to live way out in the middle of nowhere to buy a home with one of them. In fact, homes qualify as long as they’re outside a metropolitan area; even many communities with populations up to 35,000 are fine. You can check out the USDA’s map to look for areas that are eligible for these types of loans.
What About Income Limits?
You don’t have to be extremely low-income to qualify for one of these loans. In fact, the USDA recently increased its income limits for loans. In most places, the income limit for households with one to four people is $90,300. In households with five to eight people, it’s $119,200. Those numbers are subject to change, but they’re accurate as of this writing. Your Lake City REALTOR® can give you the most up-to-date guidance.
Are You Buying a Home or Land for Sale in Lake City?
If you’re moving to Lake City, we can help you find the perfect place to live. Call us at 386-243-0124 to tell us what you want from your home and we will begin searching right away.
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- Bank-owned homes and foreclosure in Columbia County
- Short sales in Columbia County
