Your Path to 100% Mortgage Loan Financing Breckenridge Colorado USDA home loans, 100% financing with Breckenridge Home Mortgage Loans.
USDA mortgage Loans in Breckenridge are an excellent choice to help with your home buying needs. If you are looking to buy a home in Breckenridge there is an amazing 0% down payment option for you to take advantage of. Read more below: -Interest Rates on this program are still competitive compared to both FHA and Conventional Loans.
The best features of the USDA home loan include 100% financing with no down payment and interest rates that are fixed for 30 years. There is 100% financing available with a very small monthly mortgage insurance payment compared to other types of loans (consists of about .30% of loan amount per year). Compare your low MI (Mortgage Insurance) to other loan programs that aren't as low.
There are many differences when qualifying for a USDA loan.
These 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. You must also qualify based on your income, but you can use a series of credits that are afforded for child care and dependents under 18 years of age. An important part is to find a lender that provides "in-house" USDA home loan programs.
We are one of only a few lenders who also offer the Colorado Home Buyer Tax Credit which will save you an additional (on average) 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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