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rural housing usda loans: USDA Rural Development - 12/01/09 03:51 PM
USDA Rural Development is a fantastic avenue for to obtaining a mortgage in the United States.  Guaranteed Rural Housing Loans allow a home buyer to finance up to 102% of the appraised value, pay NO Private Mortgage Insurance (PMI), and have the lowest possible payment for a 30 year fixed rate mortgage!
USDA Rural Development Benefits:      
Loan-to-Value:  Can finance up to 102% of appraised value. Guarantee Fee:  One time fee of 2% of the loan amount.  It is usually financed. Cash to Close:  Very little or zero cash needed to close in most cases, no minimum contributions. Mortgage Insurance:  NONE … (0 comments)

rural housing usda loans: USDA Rural Housing History - 10/28/09 12:11 PM
USDA Rural Housing History shows this government insured home loan program has had great success over the last 60 years and is gaining in popularity. 
In 1949, USDA's telecommunications loan program was established to provide telephone service to rural America. At the time, only one in three farms had access to telephone service. As it did with the rural electrification program, the Telephone Loan Program revolutionized the lives of millions of rural families and businesses by providing connectivity, access to emergency services and business activities that fueled economic growth. Today, Rural Utilities Service (formerly REA), provides loans and grants for … (0 comments)

rural housing usda loans: USDA Rural Housing Loan - 10/16/09 11:43 AM
USDA Rural Housing Loans are the best way for an individual or family to build wealth, earn the first-home buyer tax credit, and have affordable payments!  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 … (1 comments)

 


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