USDA Guaranteed Rural Housing Loans

USDA Guaranteed Rural Housing Loans

USDA Guaranteed Rural Housing Loans
Did you know that home buyers can still get a mortgage with no money down, even with less than perfect credit?
The Guaranteed Rural Housing Loan Program offers these options in a wide range of areas, including many
suburbs.
This loan program is offered through the Rural Housing Service, an agency of the U.S. Department of Agriculture
and designed to assist low and moderate-income residents by providing better access to affordable housing
finance options including little or no out-of-pocket costs in eligible areas.
To see if your market area falls in a designated rural area visit:
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
Available to low- and moderate-income borrowers whose adjusted income is equal to or less than 115% of the
area median income.
Owner-occupied single family non-farm residences, approved condos and PUDs
New construction properties are eligible.
Purchase or rate/term refinance
Home buyer can finance up to 100% of the market appraised value, including all recurring and non-recurring
closing costs, in some circumstances loan amounts as high as $417,000 in the continental U.S. Higher in
Alaska and Hawaii.
Credit scores as low as 640. No asset or reserve requirements. Gift funds are allowed.
Call us today to learn more about this program

 

 

 

Advertisements

One thought on “USDA Guaranteed Rural Housing Loans

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s