100% Financing for Weld County Home Loans with USDA Mortgage Loans.
USDA mortgage Loans in Weld County are excellent mortgages to help with your home buying needs. Home buyers looking to purchase homes in the Colleyville, Texas area can do so with a down payment of 0%.
Find out more below:
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. FHA and Conventional loan programs both offer a higher mortgage insurance factor- meaning that your payments will be higher.
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 apply for the Weld County Home Buyer Tax Credit, which will save you an additional $100 or more off your mortgage interest per month.
An important part is to find a lender that provides "in-house" USDA home loan programs and the tax credit. For more information on getting a USDA loan, please contact RJ Baxter, NMLS #395819 at 303-670-0137, http://www.cohomesandloans.com.
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