Rural Properties

By
Mortgage and Lending with Washington Financial Group, Inc

New product!!!!  Program Guidelines:

1. Acreage from 5-160 acres, up to 85% LTV with no mortgage insurance, up to 75% LTV for bare land, maximum debt to income ratio 45%, Credit score needs to be 700 or higher

2. Purchase and refinances for properties that do not qualify for traditional mortgages:

   Non-occupment coborrowers allowed, schedule f Income qualifies property, residence only at 30% total value, Flexibility with appraisal, cash out to buy out interest of partners/spouse

The property has to be in a rural area.  Questions please ask!!!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Washington
Groups:
Mason County Realtors and Friends
Tags:
rural land loan

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
162,354
Valerie Spaulding
Windermere Peninsula Properties~Allyn~Belfair~WA - Belfair, WA
Allyn-Belfair-Hood Canal & Puget Sound-WA-Real Est

Great Post Patti with really good info.. I hope this new program shakes out some more buyers while there are some great prices out there!

May 21, 2009 05:25 PM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
5,199

Pattie Bigford

Ask me a question
*
*
*
*
Spam prevention