Your path to zero down home loan financing, learn what Monument CO USDA Rate you qualify for today!
The USDA Rural Guaranty home loan program in Monument CO and surrounding areas remains one of the best financing options available today. 100% home loan financing combined with low monthly mortgage insurance means a low mortgage payment on your new Colorado home purchase.
Here Check out some of the highlights of the USDA Rural Housing program:
- The home must be located in a rural area or small town in order to be eligible.Check the eligibility of your home by visiting the USDA eligibility website, just input your home address: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property%4011
- No down payment is required
- you can still get 100% financing.
- Your household income must fall under USDA limits for your county.
- Make-sense underwriting standards. We can help you determine if your credit meets the standards.
- Stable, fixed, 30 year terms and low rates you can rely on.
- Monthly mortgage insurance is .4% of loan amount per year as of July 2013.
To help you qualify, USDA offers a series of credits. You can qualify for the credits if you have to pay child care or have any dependents under 18 years of age. The Home Buyer Tax Credit or Colorado MCC can also save you more money; on average, an additional $100+ off your mortgage interest, but you must work with a lender who is approved for this great program.
It is also very important to work with a lender who provides "in house" USDA underwriting and funding. USDA loans can be tricky for lenders who don't understand the differences from other loans, so working with a lender who understands the program is critical to a hassle free, on-time closing.
For more information about USDA home loans in Monument CO or to obtain a no obligation USDA Loan Rate quote for Monument olorado, please contact RJ Baxter at 303-670-0137.
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