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100 financing: The USDA Rural Development 100% home loan is expected to have exhausted its funds by the end of April. - 03/12/10 01:39 PM
 
The USDA Rural Development 100% home loan is expected to have exhausted it funds by the end of April.
USDA Rural Loans are a fantastic way for home buyers to purchase a home, finance closing costs, and close with or without a down payment.  This 100% loan program is rapidly growing throughout the nation.  This is a government insured and funded loan program.  For the past few years, the funds of USDA have been depleted.  Then, it was not a big deal because all the USDA lenders were still providing and closing these loans with conditional commitments that more funds … (0 comments)

100 financing: USDA "Officially" increases income limits for purchase and refinance loans! - 04/19/09 10:44 PM
Tomorrow, April 20th, is the day that the U.S Department of Agriculture increases its maximum income requirements to qualify for Rural Development Guaranteed home loan program.  This increase is long over due.  Technically, USDA is at least a month late in the increase. 
The new income limit will allow so many for buyers of primary residences the ability to qualify for a USDA insured home loan.  Currently, the income requirements are structured on a "per member" household.  Tomorrow, Monday, April 20th, the income limits will be transformed into a two-tier system.
For borrowers that are looking to purchase a primary residence, … (1 comments)

100 financing: Realtors can show buyers how to build great wealth with zero money down! - 01/13/09 03:43 PM
Obviously, the real estate market has many great deals.  For those that have the money, there are so many opportunities.  So, are the wealthy the only ones that can afford to take advantage of all the fantastic deals out there. NO!  Typically, for an investor to purchase a property at a foreclosure sale, or at the court house steps, they must have cash on hand to purchase the foreclosed property.  Or, if an investor plans to purchase a home to flip or to create cash-flow as a rental, then they typically need 20-25% down to get a loan.  For the general … (0 comments)

100 financing: Eligible areas for USDA loans - 11/18/08 11:15 AM
Follow this link to see the Georgia areas of eligibility.  The majority of the state is eligible except for the largers cities and most of metro Atlanta.  The lighter areas are eligible for 100% financing.
http://eligibility.sc.egov.usda.gov/eligibility/eligibilityAction.do?pageAction=countyMap&state=GA&st=13&cnty=023&mapname=GA_S&propertytype=#form.PropertyType
You can also visit http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do to select your state.  If you or your client would like or needs affordable financing, then consider USDA loans and contact the southeast's USDA loan expert.
Justin Messer
… (0 comments)

 


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