usda 100 purchase: Rural Development 100% mortgage for Hamilton County - 10/12/16 04:25 AM
USDA Rural Development is an excellent home mortgage program for eligible buyers and homes. The program allows no down payment, 100% LTV mortgage. While there is mortgage insurance, the monthly premiums are less that the premiums for FHA and have actually been lowered effective 11/1/2016. See my post USDA 100% purchase program is now even better.
Buyer eligibility is based on household income limits. For a family of 5 or less the eligible household income is 75,650.
Eligible properties are single family residences in designated rural areas. For Hamilton County, the eligible areas are defined by Thrasher Pike, Hunter Road, and Ooltewah-Ringgold Road. … (1 comments)

usda 100 purchase: USDA 100% purchase program is now even better - 09/15/16 02:42 AM
The USDA 100% purchase program has always been an excellent option for eligible properties. Now USDA has lowered the loan fees significantly, effective for October 2016. The new upfront guarantee fee is 1%. Down from 2.75%. The monthly fee is reduced to 0.35%.
These reductions are substantial. They could save families who use USDA 100% financing as much as $200 to $300 yearly in their mortgage payments.
USDA finances home purchases for moderate income families in mostly rural areas. The biggest determiners for eligibility are the income limits for home buyers and the location restrictions for the properties.
In Hamilton County, income limits for … (1 comments)