Get a custom USDA Rate Quote in Murphy Texas - USDA is your path to 100% mortgage loan financing.
Learn about one of the best home financing options available today, the USDA Rural Guaranty home loan program in Murphy TX and the surrounding areas. Low monthly mortgage insurance, 100% financing, and competitive rates will lead to a low monthly payment on your new Murphy home loan.
Here are the highlights of the USDA Rural Housing home loan program:
- Your home 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 required - 100% financing is available.
- Must fall under household income limits.
- Make-sense underwriting standards. Some credit blemishes are OK.
- Stable, fixed, 30 year terms and low rates you can rely on.
- Monthly mortgage insurance is .30% of loan amount per year as of July 2013.
To help you qualify, USDA offers a series of credits. These credits are based on if you have to pay child care or have any dependents under 18 years of age.
Working with a lender who provides "in house" USDA underwriting and funding is very important. The USDA has many aspects that are different than other types of loans, so working with a lender who understands the program is critical to a hassle free, on-time closing.
To obtain more information about Murphy Texas USDA Mortgage Loans or to find out your USDA Mortgage Rate for Murphy Texas, please contact Joy Bates at 817-860-3232 or email: email@example.com.