Find out today's USDA Rates in Minturn Colorado - Your path to 100% mortgage loan financing. T
he USDA Rural Guaranty home loan program in Minturn CO and surrounding areas remains one of the best financing options available today. Combine 100% home loan financing with low monthly mortgage insurance, and you will be ensured a low payment on your new Colorado home purchase.
Custom Quote Here are the highlights of the USDA Rural Housing home loan program:
- Property must be located in a small town or rural area.
Input your home's address at the USDA website, which will verify if you are in an eligible area: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property%4011
- No down payment is required
- you can still get 100% financing.
- Household income limits do apply.
- Make-sense underwriting standards. Some credit blemishes are OK.
- Stable, fixed, 30 year terms and low rates you can rely on.
- Low mortgage insurance (.30% of loan amount per year as of July 2013).
There are a series of credits through USDA that can help you qualify. These credits are based on if you have to pay child care or have any dependents under 18 years of age. The Home Buyer Tax Credit or Colorado MCC can also save you more money; on average, an additional $100+ off your mortgage interest, but you must work with a lender who is approved for this great program.
Working with a lender who provides "in house" USDA underwriting and funding is very important. USDA loans can be tricky for lenders who don't understand the differences from other loans, so working with a lender who understands the program is critical to a hassle free, on-time closing.
To obtain more information about Minturn Colorado USDA Mortgage Loans or to find out your USDA Mortgage Rate for Minturn Colorado, please contact RJ Baxter at 303-670-0137.
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