USDA Rural Guaranteed 100% Loan Program for Polk County

Mortgage and Lending with Guild Mortgage Co - Oak Harbor WA

One of the biggest things stopping people from participating in the American Dream today is the ability to come up with the down payment. While talk of a credit crunch keeps some buyers sidelined because of credit problems, many others with good credit are able to get the best deals in years including programs with no down payment!

The program leading the way in no down payment requirements (for non veterans) is the USDA Rural Development loan. This loan is available right now for Dallas and Independence, and who better to show you homes in these communities than Cecily Parks with Windermere Park West Properties in Salem.

To qualify for the program (it is income limited), a family of four cannot have a total household income of more than $70,750 per year. That is a pretty liberal guideline. After Jan. 1, a family of 1-4 qualifies with the same income. Larger families have much higher income limits.

If you are interested in property in this area and would like to see if the address falls within the USDA "footprint" click here

So - THE TIME IS RIGHT!  We have many properties on the market, we have MONEY TO LEND, and the Federal Government is giving First Time Homebuyers a $7500 tax credit if they purchase prior to next summer!

Call me for more information on USDA loans, and to see if your household income qualifies for this NO PMI loan. If you want to get the mortgage qualification process started, either call me at 541-342-7576 or fill out an application on line.

Authored by Fred Chamberlin, a mortgage loan consultant, Eugene/Springfield Oregon


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Gerry Suarez Jr.
Jet Home Loans NMLS 1660135 - Maitland, FL
FL Mortgage Guru

Covering all the bases Fred- great post!

It really is the right time to buy with the $7,500 tax credit as added incentive. That money can go a long way towards making homeownership comfortable for many first time buyers.

Gerry Suarez, Jr.

Your FHA Loan Pro!

Nov 13, 2008 12:16 PM #1
Fred Chamberlin
Guild Mortgage Co - Oak Harbor WA - Oak Harbor, WA
Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant

Thanks Gerry, it is always great to highlight an excellent person in each area. Cecily obviously is a stand out and is from Polk County, so she knows it well.

Nov 13, 2008 01:10 PM #2
Cecily Parks
iMove Group, Knipe Realty NW, Inc. - Salem, OR

Fred: Thanks for including me in this post. This IS a fabulous program and not everyone is aware of it's existence. There are many small rural areas surrounding Salem that qualify for this program and most of them are within 20 minutes of downtown Salem. The USDA Rural development Loan program is an excellent choice for helping to fill the down payment challenge that many of our first time home buyers are up against.

Nov 15, 2008 03:37 AM #3
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Fred Chamberlin

Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant
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