USDA Rural Housing Loan (Mortgage) Property and Income Eligibility in Walton County, FL

Yellow Areas are Eligible

The map above shows those areas in Walton County, FL that are eligible for USDA Rural Housing loans. Basically, the entire county is eligible! Under the map is the income guidelines used to determine if a buyer would qualify for a USDA Rural Housing loan based on the number of people in their family. Please note that there are some deductions from a buyer’s income that may help those who are over these guidelines to qualify, ie: medical expenses for disabled family members, a credit for full-time students, a credit for those in the household under 18 years of age, child care expense credit, etc. If you aren’t sure if you or your client are eligible, please call me at 850-424-6866 or email me.

Income Limits for Walton County, FL based on number of people in household:

1 person: $49,550
2 person: $56,600
3 person: $63,700
4 person: $70,750
5 person: $76,400
6 person: $82,050
7 person: $87,750
8 person: $93,400

What a Difference a Week Makes! Why it is SO AWESOME owning real estate in Florida

Last weekened, we were on the edge of Hurricane Gustav; this week, it was a beautiful weekend.  While everybody knows that the real estate market nationally is down, and it is here, as well, the prices in our local market make buying real estate in Florida a great investment!

We have something that makes us different than say, Kansas or Oklahoma, or most of the rest of the U.S……a GORGEOUS COASTLINE!  Here in the Destin/Ft. Walton Beach area, our sand truly looks like snow.  It isn’t too hot to walk on like the Atlantic seaboard, and it even squeaks when you walk. And the water?  Simply AMAZING!  Today, we saw about 20 dolphins, and for a few minutes even had a show worthy of Seaworld with the jumping they were doing.  The color of the water is something that you can’t believe until you see it, but there’s a reason this is called the “Emerald Coast”!  It is a great place to vacation and an even better place to live.  I didn’t have a great day yesterday so I took today to go to the beach and relax and that’s where I took this picture (yes, I used sunscreen!)   It’s the same pier as in the blog from last week about Hurricane Gustav.  What a difference a week makes??

In our area (the Panhandle), we have the best of both worlds – a great resort area with awesome beaches that are easily accessible and certainly not over-crowded, especially at this time of the year, and a “small town” feel, as well.

There is a true sense of community here.  We have 3 military installations very close (Hurlburt Field, Eglin AFB, and Duke Field), we’re within driving distance of Biloxi, MS, (approx. 2 hours), New Orleans (approx. 3-1/2 hours), and Atlanta (5-1/2 hours).  There is a new international airport being constructed in Bay County, and football is KING in the Fall!

I love living in a place where you can go to a high school football game on Friday night and the temperature is comfortable, then drive to see the Florida State Seminoles play on Saturday,  and then go to the beach and spend the day Sunday and get a tan!  We have world-class restaurants and shopping in Destin and the Sandestin/Santa Rosa Beach area, lots of saltwalter and freshwater fishing, and we still have that small town feel that makes living here an experience that most only get to dream of!

I can’t imagine living anywhere else and I am quite certain that our market will come back and our real estate will ALWAYS be valuable just becuase of where it is located!