Melissa, Texas USDA rural housing home loans, 100% Financing with USDA Loans in Melissa Texas. USDA mortgage Loans in Melissa are an excellent choice to help with your home buying needs.
If you are looking to buy a home in Melissa, there is an amazing 0% down payment option for you to take advantage of. Read more below: -Interest Rates on this program are still competitive compared to both FHA and Conventional Loans.
This program offers 100% financing available with minimal monthly mortgage insurance (consists of about .30% of loan amounts per year). The biggest features of a USDA home loan include 100% financing with no down payment and interest rates that are fixed for 30 years. Compare the low MI (Mortgage Insurance) to other loan programs that aren't nearly as low and you will see the difference.
There are many differences when qualifying for a USDA loan. The differences are: Most of the State of Texas qualifies for USDA loans however, some geographical areas do not.
To determine if your area is eligible is by visiting this website and putting in your address: 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. You must also qualify based on your income, but you can use a series of credits that are afforded for child care and dependents under 18 years of age.
For more information on getting a USDA loan, please contact Joy Bates, at 817-860-3232, http://legacyfinancial.com, or email Joy: joybates@leader1.com.
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