100% USDA Home Loans Buying a Colorado Home? Would you like a 100% financing loan?
The USDA Home Loan program can be a great choice for your Garfield County Colorado home buying needs.
Here are some of the features of the Garfield County Colorado USDA Loan program:
- 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!
- Low interest rates compared to other loan programs
- Garfield County Colorado USDA Rate Quote
- Monthly mortgage insurance is very low compared to other programs- 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. We are one of only a few lenders who can offer the tax credit!
Call for details 303-670-0137! Garfield County Colorado USDA Home Loan Eligibility 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 Garfield County CO:
- 640 Min Credit Score
- Owner-occupied properties only.
- You must check to see if the home is in a USDA eligible area. Check the home by visiting the USDA website. Visit this site and plug in your address or town: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp
If you are in an eligible area, the home qualifies to 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. USDA mortgage can be complicated, so in-house underwriting and funding is 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 Garfield County CO, please contact RJ Baxter, NMLS #395819 at 303-670-0137, http://www.cohomesandloans.com.
*** Agricultural properties do not qualify for Garfield County Colorado USDA Loans. Owner-occupied rural housing only.
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