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usda rural development: 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)

 


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