Savannah TX 100% financing for Home Mortgage Loans and USDA Loans. USDA mortgage Loans in Savannah are excellent mortgages to help with your home buying needs.
If you are looking to buy a home in Savannah, take advantage of this 0% down payment option. Read more about this program below: -Interest Rates are very competitive compared to both Conventional and FHA Loans.
There is 100% financing available with small 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 rate loans that are fixed for 30 years. Compare the low MI (Mortgage Insurance) to other loan programs that aren't nearly as low and you will see the difference.
There are several differences when qualifying for a USDA loan. The differences are: Most of the State of Texas 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:
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."
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 Joy Bates, at 817-860-3232, http://legacyfinancial.com, or joybates@leader1.com.
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