USDA Loans - the Steak Loan

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Mortgage and Lending with Gateway Mortgage Group 760290

I call this the steak loan because it is has it all and is offered by the US Departement of Agriculture....

 

Realtors make sure you have access to this program it is AWESOME

Short and Sweet here

SINGLE FAMILY RESIDENCES/PRIMARY RESIDENCES (NO INVESTMENT OR SECOND HOMES)- outside areas not major counties but pretty much every other county qualifies because these maps are outdated.  You can go to usda.gov and look for property eligiblity you would be surprised how many qualify

102% of APPRAISED VALUE

580 FICO SCORES AND UP

UNLIMITED SELLER CONTRIBUTIONS

NO MORTGAGE INSURANCE

RATES ARE AROUND 6 - 6.5 DEPENDING ON THE DAY

IF YOUR PROPERTY FITS THIS IS WAY BETTER THAN FHA...WAY....NO MORTGAGE INSURANCE - USE THIS TOOL TO HELP CLEAR OUT SUPPLY WITH GREAT TERMS.

NOW USUALLY YOU ARE LOOKING AT A MAX OF 250K LOAN AMOUNT THESE CUSTOMERS CAN MAKE 115% OVER THE MEDIAN INCOME WHICH IS THE MAJORITY OF PEOPLE...

 

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