Did you know you may qualify for a $0 down loan in the Rockwall area?
Watch this: http://www.irs.gov/newsroom/article/0,,id=215791,00.html?portlet=7
Are you ready to own a home but are not sure you will qualify due to lack of a down payment?
Rural Development may be able to help you! USDA Rural Development has partnered with local lenders to help them extend 100% financing opportunities to rural individuals and families.
- No down payment required - 100% Financing Available
- No monthly mortgage insurance - you may qualify for a larger loan.
- Flexible credit and qualifying guidelines.
The Rural Development guaranteed loan program has assisted thousands of customers just like you. Tell your mortgage lender you want the USDA Rural Development Guaranteed Housing Loan.
The Advantages:
- No Down payment is required.
- Flexible credit score guidelines.
- No maximum purchase price limit.
- Closing costs can come from any source including gifts.
- Repairs and improvements can be included in the loan.
- Competitive fixed 30-year rates.
- Apply with a local participating lender of your choice.
Eligibility criteria:
- Occupy the property as your primary residence.
- Do not own an adequate home.
- Do not have sufficient cash for a 20% down payment plus pay typical loan closing and relocation expenses.
- Be a U.S. citizen, a U.S. non-citizen national or a “qualified alien”.
- Provide stable and dependable income for repayment ability.
- Have a credit history that indicates a willingness to meet obligations as they become due.
- Have an adjusted household income that is within Rural Development guidelines based on the number of persons who will occupy the home.
- Purchase a residential property that is located in a Rural Development eligible area.
http://www.rurdev.usda.gov/RHS/sfh/GSFH_Information/individuals.htm
Call me for details!
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