The Guaranteed Rural Housing Program is designed to assist households in obtaining adequate but modest, decent, safe and sanitary dwellings for their own use in rural areas.
 
The United States Department of Agriculture has made available a Guaranteed Loan Program to assist lower income families in rural areas.  These are up to 100% Loan to Value, 30 year Fixed Rate mortgages with absolutely no Mortgage Insurance.
 
That's right...NO Mortgage Insurance is factored into the monthly payment for the borrower as all of these loans are guaranteed by the local Rural Development office.
 
These Mortgages are NOT restricted to a minimum credit score and also allow closing costs to be financed if they can be supported by the appraised value of the property...allowing those buyers with limited assets to qualify.  Up to 6% in Seller Contributions are permitted.
 
This program is applicable for one-unit primary residences including Rural Development approved Condo's and PUD's.

Save money on a resale home purchase see www.CentralTexasHomeRebates.com for more info.

J.