Colorado USDA home loans, 100% financing with Del Norte Home Mortgage Loans.
USDA mortgage Loans in Del Norte are can help you with your home buying needs, and can be an excellent choice. If you are looking to buy a home in Del Norte , there is an amazing 0% down payment option for you to take advantage of. Find out more below:
-Interest Rates are still competitive compared to both FHA and Conventional Loans.
This program offers 100% financing available with minimal 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 rates 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 that you should be aware of. These differences are: Some geographic areas don't qualify, but most of the State of Colorado does qualify for USDA loans. To determine if your area is 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. Another program that fits well with the USDA rural housing program is the Colorado Home Buyer Tax Credit.
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 RJ Baxter, NMLS #395819 at 303-670-0137, http://www.cohomesandloans.com.
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