100% Financing for Fort Collins Home Loans with USDA Mortgage Loans.
Fort Collins USDA loans are great for home buyer purchases with 100% financing. If you are looking to buy a home in Fort Collins, there is an amazing 0% down payment option for you to take advantage of.
Interest Rates are still competitive compared to both FHA and Conventional Loans. There is 100% financing available with small monthly mortgage insurance (consists of about .30% of loan amounts per year)
There are 2 great benefits to a USDA loan:
1. No down payment with 100% financing and
2. A 30 year fixed interest rate.
You can get very low Mortgage Insurance rate (MI) when compared to FHA and Conventional loans and you'll see the savings!
Some qualifying requirements for a USDA home loan are as follows:
In order to qualify for a USDA home loan your home must be in a USDA eligible area. To determine if you are in a USDA eligible area, simple enter your address into the USDA property eligibility search engine.
If your property is in an eligible area, you can use a USDA loan to purchase the new home. You can use a series of credits that are afforded for child care and dependents under 18 years of age as you calculate the family's "qualifying income."
You can also qualify for the Colorado home buyer tax credit with Fort Collins USDA loans which will take an additional $100+ off your mortgage interest and payment!
An important part is to find a lender that provides "in-house" USDA home loan programs.
For more information on getting a USDA loan, please contact RJ Baxter, NMLS #395819 at 303-670-0137, www.cohomesandloans.com.
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