USDA Rural Development Financing.....A diamond in the rough!!

By
Real Estate Agent with PalmerHouse Properties & Associates, LLC 316636

There are SOOOOO many costs involved with actually purchasing a home that it sometimes tend to be quite disturbing. Closing costs alone can cost a buyer up to 6% of the purchase price of the home! Not to mention earnest money deposits, home inspection fees, appraisal fees, etc....it could become quite nauseating.

 

HOWEVER......

 

There's rest for the weary....hope for the hopeless....a rainbow at the end of the storm!!! USDA Rural Development has a loan product that provides 100% financing to its buyers!!! Yes....now, you'll still be responsible for a great portion of the above-mentioned costs, BUT....at least you'll have help with not having to make a down payment!

 

Some benefits of this program includes:

100% financing

620 minimum credit score

6% Seller's contribution (Seller can contribute up to 6% to help with buyer's closing costs)

Low interest rates

Repairs can be financed

Primary residence only (Cannot be used to purchase second, vacation, or investment property)

Income limitations

Geographical restrictions

There are so many options available to assist buyers in purchasing their new home! Please be sure that you DO NOT go it alone. Hire a professional Realtor to help navigate you through the process.

Posted by

 

Paving YOUR way to the American dream....brick by brick!!

 

Logo

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Georgia Coweta County
Groups:
The "young" Real Estate Professional
Short Sales Specialists
Short Sales Pre Foreclosures Bankruptcy and More!
Atlanta Homes For Sale
MetroAtlantaRealEstateProfessionals
Tags:
better homes and gardens
homebuying
metro brokers
down payment assistance programs
newnan real estate
coweta real estate
vanessa calhoun
newnan short sales
coweta short sales

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
80,961

Vanessa Calhoun

Your Greater Atlanta Marketing Guru!!
Ask me a question
*
*
*
*
Spam prevention