Alabama USDA Rural Development USDA Loans No Money Down Rural Housing - 01/31/11 07:32 PM
Alabama USDA Rural Development USDA Loans No Money Down Rural Housing
The USDA loan program is available to Alabama moderate income households purchasing a home in a USDA Rural Development designated area.  Alabama rural housing maximum household income and county eligibility requirements for USDA Loans are now available in one convenient location at USDARuralLoan.com.
 The benefits USDA Loans are as follows:
$0 Down Payment Required with Alabama USDA Loans $0 Monthly Mortgage Insurance Premiums on your USDA Loan $0 Cash required is possible at Settlement since: the Alabama USDA Loan allows the seller to pay unlimited closing cost to cover the buyers closing costs and escrows if the house appraises for more than … (0 comments)

$400 Moves You In - For Less Than A Security Deposit On An Apartment You Can Become A Homeowner - 01/28/11 06:43 AM
The U.S. Department of Agriculture USDA Rural Development Loan is the only national loan program* that is available to all home buyers that allows for No Money Down Financing and No Cash Required by the borrower to settle on the purchase of a house.  These flexible loan terms are made available by the USDA through their Rural Development Loan Program, which is designed to promote home ownership in rural communities for moderate income households.
Since the USDA Rural Development Loan will finance 100% of the purchase price there is no down payment required on the USDA Loan.  This means the only … (0 comments)

Fannie Mae Increases Allowable Renovation Budget on the HomePath Renovation Loan - 01/25/11 03:03 PM
Fannie Mae Increases Allowable Renovation Budget on the HomePath Renovation Loan
Fannie Mae has improved the HomePath Renovation loan program by increasing the renovation budget to the lesser of 35% of the "as completed" appraised value or $35,000. Previously Fannie Mae limited the HomePath Renovation loan program to the lesser of 20% of the "as completed" appraised value or $30,000.
The HomePath Renovation budget includes not only the contractor invoice cost of the repairs, but also the contingency reserve and other soft costs such as permits. The contingency reserve is only required when putting down 5% or less.
This increase is … (0 comments)

Fannie Mae Scratch and Dent Overstock Sale - HomePath Renovation Mortgage Financing For Well Qualified Buyers! - 01/21/11 04:39 PM
Fannie Mae Scratch and Dent Overstock Sale - HomePath Renovation Mortgage Financing For Well Qualified Buyers!
Fannie Mae's portfolio of homes is bulging with inventory, ready to sell at drastically reduced prices.  No reasonable offer refused.  For well qualified home buyers there is even special financing for Fannie Mae REO's, that need anything from a little TLC to an overhaul.  No problem if the house needs work since Fannie Mae has the solution through HomePath Renovation mortgage financing. 
The HomePath Renovation Loan Program offers home buyers, move-up buyers, and investors (yes now even investors): 
One loan to purchase the house and establish a repair renovation budget  … (0 comments)

 
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David Zuckerman

Sykesville, MD

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Emery Federal Credit Union

Address: 1722 Splendor Drive, Woodbine, MD, 21797

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