100% Financing is STILL here!!
USDA - GUARANTEED RURAL HOUSING LOAN PROGRAM.
100% Financing - 1 loan, No Down Payment or Reserves Required!
30 year fixed as low as 6.00% today for this product!
Check out the Highlights below for one of the last true 100% options available for your borrowers.
. Loan can include closing cost if appraisal is higher than sales price.
. No Monthly Mortgage Insurance premiums.
. Income limits based on number of people in the household.
. No Reserves.
. Area Restrictive. Can not loan in Salem & some parts of Woodburn, but all other surrounding area's are fine.
. Not just for 1st time homebuyers.
. 580 min. credit score for all borrowers.
. 29/ 41 Ratios.
. Higher Ratios considered with compensating factors, including credit scores greater than 660, job stability, savings, similar housing expense and conservative use of credit.
. 6% seller contributions.
. Temporary buy downs qualify at the bought down rate. This is great as it allows for more buying power.
. Purchase transactions for owner occupied properties.
. Loans are Assumable w/ Rural Development prior approval.
. No Pre Payment Penalty.
. 30 Year Fixed Product
Click on the link below for income and property qualifying.
*This is also a great tool to check out the listings you have, as the property might be eligible for promoting -0- down!!!!!!!
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
Please let me know if you have any questions about this, or any other program.
Have a wonderful day!
Travis
503.931.440
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