This is just a quick note to all who may be reading this blog in the Gillette, WY area.
If you were thinking about getting a no down 100% financing USDA Rural Dev loan, you may want to act soon. If the new census comes out and our area gets bumped from this program - you may only have just a few more months to get in on a great opportunity! We're probably looking at some time in April 2010.
Some of the benefits of a USDA Rural Dev loan are:
- True 100% no money down financing.
- The ability to finance in your closing costs if the appraised value supports the loan amt.
- The ability for the seller to pay up to 6% of the purchase price towards your closing costs.
- No ongoing mortgage insurance payments which means a lower payment for you.
- Low interest rates.
- More flexible qualifying guidelines.
So act soon if you don't want to miss out.
Merry CHRISTmas to all.