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Michigan Rural Development Loans: Interest Rate Update

Michigan Rural Development Loans: Interest Rate Update

Just a note for you and your clients, if you think those FHA or Conventional rates are good, how would they feel about 5.00% with no...yes NO MORTGAGE INSURANCE.

If you are thinking we need a large down payment to deliver such financing, you are wrong. Rural Development loans are the last 100% financing available.

I have been originating these loans for Mid-Michigan clients for the past 4 years and am pleased at the emergence of their importance. I am always available for any questions about the processing of these loans whether you are using me or another loan officer.

For more information Call Today, or visit our website:

810-953-4266 or www.iconmortgagelending.com

Posted by Matthew Watts on 12/18/2008 09:34 AM

Comments (3)

Rural Development Interest Rates in the Mortgage / Finance Channel

rural development loans, interest rates

This post has been included in Michigan Information Genesee County, MI Information

3 Comments on Michigan Rural Development Loans: Interest Rate Update

DEC

Nice product...is that for land to build homeson? Or rural development as in land and home so as to better populate and develop an area?

Either way it is important to help this heartland while 9.6% unemployemnt threatens it.

Thanks for sharing the information available for Rural Development Loans this program will certainly help buyers.

Michael- for land and home to spur population of underdeveloped areas. It is amazing at how many areas qualify though.

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