Colorado USDA home loans, 100% financing with Central City Home Mortgage Loans. USDA mortgage Loans in Central City are an excellent choice to help with your home buying needs. If you are looking to buy a home in Central City , 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. 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 your low MI (Mortgage Insurance) to other loan programs that aren't as low.
There are many differences when qualifying for a USDA loan. 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. 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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