If your organization's production has been negatively impacted by:

• Declining Market (Distressed Market) restrictions
• Loan-to-Value  (LTV) reductions
• Increased minimum credit risk scores
• Reduced seller concession limitations
• Increased cost for mortgage insurance
• Increased required borrower contribution / Increased post-closing reserves

Then Raleigh Mortgage Group, Inc. would like to remind you that the USDA Guaranteed Rural Housing Program continues to provide financing for the purchase price as well as closing costs and prepaids up to 102% based on the appraised value.

  Other benefits of the USDA Guaranteed Rural Housing Program include:

• Declining market designations do not affect the loan's maximum loan-to value (LTV), which remains at 102% of the appraised value.
• No minimum credit risk score required provided USDA's credit history guidelines are met.
• Unrestricted seller concessions for closing costs and prepaids.
• No monthly mortgage insurance.  The one-time guarantee fee may still be financed above the appraised value.
• No minimum borrower contribution.
• No post-closing reserves.
• 30-year fixed terms only, attractively priced.

As always we appreciate your support in this much-needed affordable housing program.  If you have any questions or need additional information, please feel free to contact Jason Myers at the numbers listed above.