Woodlands area USDA loans and 100% financing for Woodlands home loans.
Woodlands, Texas area buyers are now able to get 100% financing through USDA loans.
Home buyers looking to purchase homes in the Woodlands, Texas area can do so with a down payment of 0%. See below for more information on how you qualify:
- Interest Rates are still competitive compared to both FHA and Conventional Loans. There is 100% financing available with small monthly mortgage insurance (consists of about .30% of loan amounts per year).
- USDA loan benefits: No down payment with 100 percent financing with a true 30 year fixed interest rate loans.
- Compare your low MI (Mortgage Insurance) to other loan programs that aren't as low.
There are many differences when qualifying for a USDA loan. These are:
- Most of the State of Texas qualifies for USDA loans however, some geographical areas do not.
- To determine if you are in a USDA eligible area, simply enter your address into the USDA property eligibility at http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property%4011.
- If your property is in an eligible area, you can use a USDA loan to purchase the new home.
- A number of series involving child care and dependents under 18 are available for credits using the family's "qualifying income."
An important part is to find a lender that provides "in-house" USDA home loan programs. I make it fast and easy for my clients to get the loan you need for the home of your dreams.
For more information on getting a USDA loan, feel free to contact Richard Smith, NMLS #220593 at (832) 887-1300 or you can e-mail him at richard.smith@southwestfunding.com.
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