USDA Rural Housing Loans up to 102% of Appraised Value

If you live in a rural area of Georgia, and have little or no money to put down on the purchase of a home, we may have very good news for you.

USDA rural housing loan programs offer flexible underwriting guidelines, relaxed credit requirements, no PMI (private mortgage insurance) options, and the ability to finance closing costs into the loan amount. They also offer lenient seller concessions, and rates as low or lower than conventional fixed-rate mortgage programs.

• Loans may be for up to 102% of the appraised value or sales price (whichever is lower). A one-time 2% guarantee fee can be included in the loan (this is how the loan can go up to 102%). This feature allows buyers to finance this expense into the loan amount versus paying it out of pocket.
• No PMI (private mortgage insurance)
• Secure, fixed-rate 30 year mortgages
• Sellers can assist with paying the buyer's closing costs
• Little cash reserves needed for qualified borrowers.

Call Craig Bland at Academy Mortgage today for more details.  678-234-0545