100% financing with Aspen Home Mortgage Loans.
USDA mortgage Loans in Aspen are an excellent choice to help with your home buying needs. There is an amazing 0% down payment option for you to take advantage of if you are buying a home in Aspen or the surrounding areas. Read more below:
-Interest Rates on this program are still competitive compared to both FHA and Conventional Loans. This program offers 100% financing available with minimal monthly mortgage insurance (consists of about .30% of loan amounts per year). The biggest features of a USDA home loan include 100% financing with no down payment and interest rates that are fixed for 30 years. Compare this to other loan programs that aren't as low, and you will see the savings.
There are many differences when qualifying for a USDA loan that you should be aware of. The differences are: Most of the State of Colorado qualifies for USDA loans however, some geographical areas do not. A very easy and efficient way to determine if you are in an eligible is by visiting this website and putting in your address:http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property%4011
If your property is in an eligible area, you can use a USDA loan to purchase the new home. There are also credits that are afforded for child care and dependents under 18 years of age as you calculate the family's "qualifying income." An important part is to find a lender that provides "in-house" USDA home loan programs. Another program that fits well with the USDA rural housing program is the Colorado Home Buyer Tax Credit. This program will save you an additional average of over $100 per month off your mortgage interest.
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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