Shane Sitzmann, Realtor
Cell: 712-541-0387
We need more listings like yours!
Residential, Commercial, Farms,
Home Page
Auctions, 1031
Tax Exchanges, Trade In's...
Possible $2,500 in down payment assistance through the
Iowa Housing Finance Authority (IHFA).
Your local participating lender does the application for you (not all
lenders participate). Click on the following hyperlink for
details.
http://www.iowafinanceauthority.gov/en/for_home_buyers/firsthome_firsthome_plus/
Here is some general information for USDA's Direct 502 Housing Loan Program. The program allows for little or no down payment but there are closing costs. For 2010, the maximum adjusted income limits are $36,250 for a 1 person household, 2 at $41,400, 3 at $46,600, 4 at $51,750, 5 at $55,900, 6 at $60,050, 7 at $64,150. RD loans do not have a monthly Mortgage Insurance Premium (MIP). You can apply directly with RD online or at the local USDA Office located at 1100 12th St SW, Suite C, LeMars, IA 51031 Phone 712-546-5149 ext 4, www.rurdev.usda.gov/ia (check web site for exact numbers and details). To figure maximum adjusted income, deduct $480 for each minor and childcare costs that allow for the applicants to be employed. For an applicant 62 years or older, deduct $400.
The USDA also has loans and grants
available for those 62 yeas of age or older who can apply for help toward common repairs
such as insulation, furnace, windows, roof repairs, electrical, wheel chair
ramps, foundation repairs etc. This program is called a 504 loan. More
details can be found on RD's website.
RD also has another program for homebuyers with moderate income
known as the Guaranteed Housing Loan Program.
You can apply for this loan through a local participating lender and they work
with
RD to make the loan.
To
figure maximum adjusted income, deduct $480 for each minor
and childcare costs that allow for the applicants to be
employed. For an applicant 62 years
or older, deduct $400.
For a
household size 1-4, the maximum adjusted income is $74,400 and 5-8
is up to $98,200 with
a maximum loan amount of $165,000. For more details go to:
www.rurdev.usda.gov/ia
Some local lenders:
American Bank, Prime
Bank,
First National Bank,
NW IA Credit Union,
Kingsley Bank, Great
Southern Bank
Now onto another topic: Would it be feasible for the City of LeMars to market city owned and business/commercial properties that are listed on the Plymouth County MLS and located within the city limits? One example might be, providing a sponsorship on websites such as www.loopnet.com and www.locationone.com. These sites may promote LeMars and provide more regional, state and national exposure. Home Page
For a general list of people in LeMars that own or manage rental homes and apartments, click here: LeMars Home and Apartment Rentals. .