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Grapevine Texas 100% USDA financing l USDA 100% financing in Grapevine

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Mortgage and Lending with CrossCountry Mortgage NMLS # 243437

In this article, we discuss whether or not you qualify for Grapevine Texas 100% USDA financing and how you can go about seeing if you are eligible for a USDA loan in Grapevine.

 USDA home loans are awesome mortgages to assist you with your home buying in the Grapevine, Texas area.  

 A 0% down payment option for home buyers looking to purchase a home in Grapevine, Texas is available. 

 Most home buyers, though not atll, realize that they can keep their cash reserves and not use it for a down payment on a home.

Home buyers are afforded with a unique USDA home loan government program that can assist them. 

 An important part to home buyer success is the post closing cash reserves they will receive.

 It is a great plan for a home owner to have 6 months or more of reserves saved up in case of emergencies, these reserves can be such things as hot water heaters, washer and dryer, air conditioning and heating units, disposal, oven, and stove. 

 A lot of home buyers probably buy new furniture or draperies to go along with their new home purchase. 

 Our goal is to assure that you spend very little money out of your own pocket.

To find out more about USDA mortgage loans in Grapevine and the surrounding areas, please read below: FHA and Conventional Loans are very competitive still when compared to today's interest rates.

A .30% in loan amounts yearly exists with 100% financing on small monthly mortgage insurance.

There are 2 benefits to a USDA loan, these are: 1. A 0% down payment option with Grapevine Texas 100% USDA financing and 2. A 30 year fixed interest rate on your USDA home loans in Grapevine, Texas and surrounding areas. 

 Low MI (Mortgage Insurance rates are available with FHA and Conventional Loans so that you save your money!

If you would like to know if you know does qualify, than it must be in a USDA eligible area that Congress defines.

 Not all of the State of Texas qualifies for a USDA loan but most parts do. Most of the city of Grapevine is eligible for a USDA loan. However, please be aware that some parts may not be eligible.

 To get more information on your home eligibility, please visit USDA site below to see if you qualify: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property%4011

 A USDA loan can be used by home owners to purchase their new home whose property is determined to be in a USDA eligible area. 

 Calculate the qualify income of you family by using a series of credits that are awarded to child care and dependents under 18.

  To determine what your family's qualifying income is, you can use the Income Calculator on the USDA site mentioned below: http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state&NavKey=income%4011. Use the formula that determines the number of people in your family that are eligible, most families will qualify. Choose a lender that can provide you with the knowledge of USDA home loans for your family. 

 Don't choose a mortgage broker to do your USDA loan approval because delays in your loan approval may happen. Use a mortgage banker to prevent this. To save thousands of dollars at your closing, hire a mortgage lender with all the knowledge that there is to know about USDA loans.  The ultimate goal is to save you money. 

 

 Buyer-seller contribution can be used by sellers who sign a contract that covers their closing costs and helps with setting up title policies, purchasing insurance policies, setting up escrow, and lastly setting up accounts for future taxes. 

 Some provisions for possible purchases of new appliances exist, so you must choose a mortgage lender that can process, underwrite in house and close your Grapevine Texas 100% USDA financing

 

For more information on a USDA home loan in Grapevine, Texas, please contact Joy Bates, Senior Mortgage Banker at 817-860-3232, http://legacyfinancial.com or email her: joy.bates@leader1.com.

Posted by

The Legacy Group of CrossCountry Mortgage

Chad and Joy Bates NMLS #243437

817-860-3232

1205 West Abram St. 

Arlington, TX 76013

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