rural loans: USDA Loan Requirements - 03/04/10 01:59 AM
USDA Loan Requirements The USDA home loan is a fantastic way to purchase a home with no money down.  This loan program is insured by the United States Department of Agriculture.  The rural loan is quickly becoming the most popular home loan in 2010 now that FHA has begun to increase their requirements such as credit score, down payment, mortgage insurance, and qualifying ratios. In order to qualify for the USDA rural housing loan, a borrower must meet the following USDA loan requirements. Income Eligibility:
Total Household Income - There are two tiers (income ranges from on average from 70K … (1 comments)

rural loans: USDA Rural Development - 12/01/09 07:51 AM
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 … (0 comments)