Rural Properties

By
Mortgage and Lending with Washington Financial Group, Inc

New product!!!!  Program Guidelines:

1. Acreage from 5-160 acres, up to 85% LTV with no mortgage insurance, up to 75% LTV for bare land, maximum debt to income ratio 45%, Credit score needs to be 700 or higher

2. Purchase and refinances for properties that do not qualify for traditional mortgages:

   Non-occupment coborrowers allowed, schedule f Income qualifies property, residence only at 30% total value, Flexibility with appraisal, cash out to buy out interest of partners/spouse

The property has to be in a rural area.  Questions please ask!!!

Comments (1)

Valerie Spaulding
Windermere Peninsula Properties~Allyn~Belfair~WA - Belfair, WA
Allyn-Belfair-Hood Canal-Local Expertise!

Great Post Patti with really good info.. I hope this new program shakes out some more buyers while there are some great prices out there!

May 21, 2009 10:25 AM