Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

USDA Rural Development
USDA Rural Development is a fantastic avenue for to obtaining a mortgage in the United States.  Guaranteed Rural Housing Loans allow a home buyer to finance up to 102% of the appraised value, pay NO Private Mortgage Insurance (PMI), and have the lowest possible payment for a 30 year fixed rate mortgage!
USDA Rural Development Benefits:      
Loan-to-Value:  Can finance up to 102% of appraised value. Guarantee Fee:  One time fee of 2% of the loan amount.  It is usually financed. Cash to Close:  Very little or zero cash needed to close in most cases, no minimum contributions. Mortgage Insurance:  NONE what so ever! Term:  30 Year Fixed Rates only Interest Rates:  Rates are typically in line with conventional and FHA rates.  Property Location:  Must be located in eligible "rural" areas.  Go to USDA Property Eligibility to see if an address qualifies.  If the site cannot find the location, then I can do a manual search for you.  New construction usually do not show up, but they do qualify. Household Income:  Must verify all income of all household members.  The adjusted total cannot exceed USDA Rural Development's Income Limits.  You will be surprised by how much the limits are for your ... more

__________________________________________________
Are you on The Rain? Grow Your Network!