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USDA GOVERNMENT RURAL LOAN in Wylie, Texas 75098 IS GONE!!

By
Real Estate Agent with RE/MAX DFW Associates 0534986

USDA GOVERNMENT RURAL LOAN in Wylie, Texas 75098 IS GONE!!

Go to fullsize imageVery unhappy to report that Wylie has outgrown our Rural Status!  The USDA Government Loan had 100% financing but will no longer be available in Wylie, Texas 75098. I knew this was coming because of our rapid growth here but I was hoping it would be next year!! 

I have helped so many families obtain homeownership with this loan that required no down payment! Now buyers will have to use the FHA loan. It is a good product, but it definitely requires 3.5% down payment. Lenders will allow the down payment to be in a gift! So I am not so discouraged. I know people will still buy homes, it was just nice to get families in homes for very little out of pocket.

The loan will still be available in more rural areas such as Lavon, Josephine and some Greenville areas. 

 Click here if you are interested in the USDA Eligibility Map.

There still are some programs with 100% financing through WR Starkey mortgage. Certain criteria will have to be met. Please call me if you are interested in these programs.

Posted by

Tracy Lee Parker

Broker Associate with
RE/MAX DFW ASSOCIATES

Servicing all of North & East Texas Areas for home selling, home buying, leasing & property management since 2005!  

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