USDA Loans in Granbury Texas
USDA Loans in Granbury Texas and 100% financing for Granbury home loans.
Granbury, Texas area buyers are now able to get 100% financing through USDA loans.
If you are looking to buy a home in Granbury, there is an amazing 0% down payment option for you to take advantage of. More information on how you qualify is below:
-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)
Biggest features of a USDA home loan include 100% financing with no down payment and interest rate loans that are fixed for 30 years.
You can get very low Mortgage Insurance rate (MI) when compared to FHA and Conventional loans and you'll see the savings!
Some qualifying requirements for a USDA home loan are as follows:
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, simple 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.
You can use a series of credits that are afforded for child care and dependents under 18 years of age as you calculate the family's "qualifying income."
Do not use a mortgage broker for your USDA loan, they don't control the entire process like mortgage bankers do.
For more information on getting a USDA loan, please contact Joy Bates, NMLS #243437 at 817-860-3232, http://legacyfinancial.com, or joybates@leader1.com.
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