Rural Home Loans for Qualified Buyers

Now available.......affordable homeownership with a USDA (United States Department of Agriculture) Rural Housing Guaranteed Home Loan.  Rural home loans are designed for qualified moderate income borrowers who purchase a home in a USDA rural mapped area.  Almost the entire Hopkins, SC area is included in this great deal.

hopkins home

hopkins home

 These two homes for sale in Hopkins qualify for this program 

Important features of the Guaranteed Home Loan program include:

•·       Up to 100% financing, based on the appraised value of the home

•·       Available to families with a maximum of 115% of the area median income

•·       Competitive interest rates

•·       Sales price and closing costs can be financed up to the appraised value

•·       Seller may contribute up to 6% toward closing costs for guaranteed loans

•·       No cash reserves required

•·       Low up-front fee eliminates mortgage insurance

Terry Edwards     tedwards@sc.rr.com

New & Existing Home Sales     Columbia SC Real Estate & Business Report

 

Bank Owned Home Just Purchased For 62% of Appraised Value
05/28/2011
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Columbia SC Everyone enjoys a good deal, and here is one that didn't get away from these first time home buyers We had been looking for the right home for nearly a year and when I ran across this foreclosure I called the young couple and told… more
A Baseball Fan’s Analogy of Our Current Economy
05/19/2011
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A Baseball Fan's Analogy of Our Current Economy According to the National Bureau of Economic Research the current economic expansion turns two years old next month. That's good to know. Why don't we see it? This is an attempt at a baseball analogy… more
2nd Annual Schneider Electric Car, Truck and Bike Show
05/15/2011
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Schneider Electric 8821 Garners Ferry Road 2nd Annual Schneider Electric Car, Truck and Bike Show Admission was only $5 and proceeds went to the American Heart Association.. more
Young Home Buyers Realizing Opportunities of Housing Bust
05/12/2011
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Columbia SC Not only have the prices of existing homes dropped in the last three years but falling real estate values have also affected new homes. The local builders are building smaller, less embellished homes. Young buyers are looking for more… more
9711 Garners Ferry Road Hopkins SC 29061 Home For Sale
05/11/2011
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9711 Garners Ferry Road Hopkins SC 29061 Home For Sale On April 30, 1924 the Horrell Hill area of Hopkins was struck by a tornado that killed 24. Four children died at the Horrell Hill Elementary School when the storm demolished it. This… more
How To Lock In A 4% Mortgage Rate For 10 Years
05/05/2011
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Columbia SC I have never been a big fan of adjustable rate mortgages… until this week. A large mortgage bank in the midlands has just announced an ARM with a locked in rate of just 4. 0% for 10 years that provides a great opportunity for home… more
How Columbia Rolled in 1930
05/04/2011
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Columbia SC Check out this black and white film footage of the grand opening of Owens Field and the Curtiss Wright hangar in Columbia, SC in 1930. Bi-planes, aerial views of Columbia and the State House and one of the first Goodyear Blimps are all… more
Verizon Joins T-Mobile With 4G Service To Columbia Area
04/20/2011
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Columbia SC Verizon Wireless will join T-Mobile this week as Columbia's fastest 4G network service providers for smartphones and tablets. 4G service, which is short for 4th generation, is several times faster than 3G technology and will cut the… more
Rosewood Homes For Sale in Columbia SC 29205
04/13/2011
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Columbia SC Spring has popped out all over Columbia and the home sales in the Rosewood area are picking up. Rosewood is centrally located and is only five minutes from 5 Points and USC and about 10 minutes from The Vista Fort Jackson and the VA… more