Get a custom USDA Rate Quote in Morrison Colorado - USDA is your path to 100% mortgage loan financing.
One of the best mortgage loan financing options available today, the USDA Rural Guaranty loan program in Morisson CO and surrounding areas offers low rates and payments for home buyers. 100% home loan financing combined with low monthly mortgage insurance means a low mortgage payment on your new Colorado home purchase.
Free Morrison CO USDA Rate Quote
Here are the highlights of the USDA Rural Housing home loan program:
- The home must be located in a rural area or small town in order to be eligible. 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 required
- 100% financing is available.
- Household income limits do apply.
- Make-sense underwriting standards. We can help you determine if your credit meets the standards.
- Stable, fixed, 30 year terms and low rates you can rely on. - Monthly mortgage insurance is .4% of loan amount per year as of July 2013. There are a series of credits through USDA that can help you qualify. You can qualify for the credits if you have to pay child care or have any dependents under 18 years of age.
For first time home buyers, you may qualify for the Colorado MCC credit, which will save you, on average, an additional $100+ off your mortgage interest. Only approved lenders can help you with the MCC. Ask us if you qualify!
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 Morrison Colorado USDA Mortgage Loans or to find out your USDA Mortgage Rate for Morrison olorado, please contact RJ Baxter at 303-670-0137.
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