rural development: Rural Development Homes
- 01/19/14 09:26 AM
Today and tomorrow I am showing homes that qualify for rural development loans. These are zero down loans with no private mortgage insurance. It is really great for people without much down payment. What is the catch? You have to buy in a elegeble area. How do you tell if the area is elegble? Plug the address into this website! In the Treasure Valley that leaves out Boise, Meridian, Eagle, most of Nampa and most of Caldwell. All other areas seem good. The house has to meet criteria similar to FHA but there is a rehab loan available. … (2 comments)
It means that buyers can purchase this property with a rural development loan. What is so great about that you may ask? How does zero down and no private mortgage insurance sound? Sounds pretty good to me. I worked with my loan officer to double check. There are income guidelines but they are not to limiting. So instead of going FHA with a PMI of $150 or more per month you can be in the home for less. You can … (0 comments)
This is a blog about all things real estate (and a few extras). I blog about my buyers, sellers, listings, short sales, the real estate market. I am internet savvy and am trying to learn more skills. I like blogging because I get to share information with other real estate professionals and my clients. I can find you a great home in the Treasure Valley. I was the Democratic Nominee for CD2, Idaho for the US Congress. I have two website: http://www.debbieholmes.net.
Today and tomorrow I am showing homes that qualify for rural development loans. These are zero down loans with no private mortgage insurance. It is really great for people without much down payment. What is the catch? You have to buy in a elegeble area. How do you tell if the area is elegble? Plug the address into this website! 
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