Via Julie Chapman Chapman Realty Homes Brunswick Georgia :

There is still a 100% financing program available to buyers (first time or other) through USDA Rural Development.  This loan program has no monthly mortgage insurance and has requires no down payment, cash contributions or cash reserves from the borrower. 

If the borrower doesn't have a traditional credit history, non-traditional credit may be used - like landlord and utility payment references.  There is no minimum credit score required on some USDA loans and the loans are 30 year fixed rate loans. 

New homes in The Plantations starting from the $150,000's  and new homes in the Cottages from the $130,000's are located in the USDA approved area of Glynn County. See a lender for more information on USDA loan or visit their website online at http://www.rurdev.usda.gov. 

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5 Comments on 100% Financing Available in Brunswick, Georgia....USDA Rural Development Loans

SEP
02
2008
587,699 Points 12 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Carolyn.. This sounds good... but I wonder what the interest rates would be?
5:36am • #1
135,448 Points 4 Featured Posts Outside Blog

There are still many good programs out there.  The problem I am hearing is getting qualified without perfect credit.  Good scores will prevail in any market.
6:15am • #2
565,047 Points 38 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Valerie, I have no idea. Since one's credit rating tends to influence the interest rate, I wouldn't want to speculate on the point spread.

Mel, good scores are definitely key, but it is nice to know people with less than perfect credit still have a chance at turning it around and purchasing a property.
6:19am • #3
139,351 Points 1 Featured Post Outside Blog

Hi C,

Great benefits for first time home buyers are still available. Credit scores and contributing elements are taken into consideration. Locally, the interest rates offered aren't out of line. More important, the lender takes precautionary steps to assure the purchase is within the buyers means.
4:57pm • #4
565,047 Points 38 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hal, thank you! I appreciate your perspective and for you taking the time out to comment on my re-blog. :-)
8:05pm • #5


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Disclaimer: Any comments and contributions provided on ActiveRain.com (or other electronic or print media) does not establish an agency relationship with any third party. Blog posts are intended to be informational only. Please be advised that real estate practices vary in regions and from state to state and market to market. The information contained herein does not constitute legal advice. All parties in need of legal, accounting, tax, or real estate guidance are directed to consult with the licensed professional of their choice. Please seek specific guidance from a retained professional in the specific field(s) required to service your interests. I and/or team blog writers make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this web site and its associated sites inclusive of but not limited to ActiveRain Group Club Chaos ClubChaosAgents.com CyberMinions.net CTannStarr Outside Blog CTannStarr Localism Blog TannStarr.com CarolynTannStarr.com TannStarr.net UberMental.com © Carolyn Tann-Starr, 2008-2011. Unauthorized use and/or duplication of this material without express and written permission from the re-blog authors (when appropriate)and Carolyn Tann-Starr is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Carolyn Tann-Starr, (the re-blog authors when appropriate) and Wordy C's Blog with appropriate and specific direction to the original content.


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