We're partnered with a program offering a Guaranteed Rural Housing mortgage, where your clients can still be able to purchase their home and not break the bank financing it! With a variety of loan features and benefits available - including up to 100% financing, a Rural Housing mortgage loan may be the perfect mortgage product for your clients.
Here's more information about our Rural Housing loan program and how it works:
- A 30-year fixed rate mortgage loan for 1-unit primary residence properties
- Up to 100% LTV (loan-to-value) allowed based on the appraised value
- Up to 6% seller contributions allowed
- No minimum contribution from the borrower's own funds required
- Borrowers can finance closing costs into the loan amount up to the maximum LTV amount
- Low, 2% upfront mortgage insurance premium financed into the loan amount; No monthly mortgage insurance payments required!
Here to help...and fell free to call/email if you have questions.
Warmest regards,
Josh Perrington - Branch Manager
Josh@1st-Metropolitan.com | 540.904.0842
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