No Money Down Rural Housing USDA Loans in Ballast Point Florida

By
Mortgage and Lending

No Money Down Rural Housing USDA Loans in Ballast Point Florida are back and fully funded. The new sub-prime loans of today are the government backed or sponsored loans. The FHA Loan is one we are all familiar with but how many of you know about the USDA Rural Housing Loan. 

Here's how it works

100% financing on homes located in certain geographical area's with borrower's who are in certain income ranges.

That's it!

Use this link to see if the property qualifies by falling into one of the designated geographical area's

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

Remember when income qualifying to use the income of the ENTIRE family.

Seller can pay up to 6% of buyers closing cost

The 3.5% Guarantee Fee is included (Financed) in with the loan amount

100% of borrowers cash to close can come from a gift.

Must have a minimum credit score of 620.

USDA Loans are Assumable

No Manufatured Homes

For a list of Income limits by Region go to:

http://www.rurdev.usda.gov/HSF-Guar_Income_Limits.html 

 

Posted by

Jim Poole

Senior Loan Officer NMLS #351358

813.205.7958 Mobile

jptampa@live.com 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Florida Hillsborough County Tampa Ballast Point
Tags:
no money down rural housing usda loans in ballast point florida

Spam prevention
Show All Comments
Rainer
156,735
Shirley Soforic
F. C.Tucker co. - New Palestine, IN

Wow, they work here in many areas that surround Indianapolis,  I think they are wonderful for people who lose all their equity in their previous home. 

Feb 27, 2011 11:44 PM #1
Rainer
161,750
Jim Poole
Tampa, FL
Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans

It is but you have to keep in mind that Refinances are only allowed on homes that have a current USDA mortgage loan.

Feb 28, 2011 06:53 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
161,750

Jim Poole

Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
Ask me a question
*
*
*
*
Spam prevention

Additional Information