buyer: FHA vs USDA a Loan Comparison. - 12/10/08 05:55 AM
With all the changes out there its good for Realtors to know about the benefits of alternative financing.  Since 100% financing went away with some of the lenders -USDA has been a popular choice amongst some buyers.  I've found VA and Texas Vet both viable options for many of my buyers recently.  Its great to have options!  Here are some main points of each FHA and USDA. To consider.
FHA
* Allows 3% Gift Money for Down Payment
* Allows up to 6% Seller Concessions
* Rates as Low at 5.375% / 5.638 APR - Depending on Fico and Loan Amount
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Jeannette Morrison

Central Texas Real Estate, NW Austin, Round Rock

Cedar Park, TX

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Cedar Park,Leander,Georgetown & Lake Travis Areas.

Office: 5125(312) 875-2875

Mobile: (512) 233-9775

Central Texas Real Estate- Comments on Central Texas growth, new developments, roadways, buying or selling, residential property, investment opportunities and the benefits of investing in real estate. Get great free widgets at Widgetbox!


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