Looking to buy a Home in Texas? Interested in 100% financing?
Check out the USDA Loan program in Fairview Texas, a smart choice for your home financing.
The Fairview Texas USDA Loan program has the following highlights:
- 100% financing, meaning no down payment is required. It’s possible to get into your home with nothing out of your pocket including closing costs!
- Low interest rates compared to other loan programs- Fairview Texas USDA Rate Quote
- Low monthly mortgage insurance, just .4% of the loan amount per year as of July 2013.
USDA Loan Eligibility Fairview Texas
So how do you qualify for a USDA home loan? Here are a few points to consider which will help you to determine your Fairview Texas USDA Loan Eligibility:
- 640 Min Credit Score
- Primary residence properties only.
- Check to see if the property is in an eligible area. Visit the USDA website to check your home. http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp If your property is in an eligible area, you can likely use a USDA loan to purchase your new home!
- Income limits apply. When calculating the qualifying household income, there are credits that can be applied for child care and dependents under 18 years old, – Call us at 303-670-0137 and we can help determine if you fall under the limits.
When looking for a lender it's very important to find a lender who provides “in-house” USDA home loan programs. USDA mortgage can be complicated, so in-house underwriting and funding is critical when making sure you meet your contract deadlines. LeaderOne is an in-house USDA lender.
For more information on Fairview Texas Colorado USDA Loans, please contact Joy Bates, at 817-860-3232, http://legacyfinancial.com, or email joybates@leader1.com.
*** note that USDA Loans in Fairview TX are not meant for agricultural properties. This is an owner-occupied rural housing program.
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