USDA Home Loan El Paso County Colorado - USDA Loan Rates

Buying a Home in Colorado? Interested in 100% financing? 

The El Paso County Colorado USDA Mortgage Loan program is an excellent choice for your home buying needs.

Features for the Colorado USDA Loan program in  El Paso County CO are as follows:

- Zero down payment- 100% financing is available.The loan can even be structured so that you have no out of pocket expense, no closing costs due at closing!

- Mortgage rates are low on the USDA program which comparing to other types of financing

-  El Paso County CO USDA Rate Quote - Low monthly mortgage insurance, just .4% of the loan amount per year as of July 2013.

- Use the Colorado Home Buyer Tax Credit for additional savings- on average over $100/mo off mortgage interest.

Very few lenders offer the tax credit, so we are lucky to be able to help you with it! Call for details 303-670-0137! USDA Home Loan Eligibility in  El Paso County CO So you may be wondering Do I qualify?

Here are a few basic qualifying standards and will help you determine your USDA Home Loan Eligibility in El Paso County CO:

- Minimum credit score 640

- Must live in the home as your primary residence.

- The property must be located in an eligible area.

You can check if your area is eligible by visiting the USDA website. Here is the site: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp

If your property is in an eligible area, you can likely use a USDA loan to purchase your new home!

- Income limits apply. When calculating the qualifying household income, there are credits that can be applied for child care and dependents under 18 years old

Call us at 303-670-0137 to see if you fall under the limits. When looking for a lender it's very important to find a lender who provides “in-house” USDA home loan programs. With the complexity and unique aspects of USDA mortgages, in-house underwriting and funding can be critical when making sure you meet your contract deadlines.

LeaderOne is an in-house USDA lender. For more information on getting a USDA loan in  El Paso County Colorado, please contact RJ Baxter, NMLS #395819 at 303-670-0137, http://www.cohomesandloans.com, or teambaxter@leader1.com.

*** note that  El Paso County Colorado USDA Loans are not designed for agricultural properties. Rural housing only.