Good Morning!
I wanted to remind you about the USDA program. It’s a no down payment – 100% financing loan program.
Congress just added funding to this program – so it’s running full speed again.
Here are some unique features of the USDA loan program…
· 100% financing.
· Small monthly mortgage insurance.
· Gifts for down payment are allowed (if you want to put money down).
· No limit on seller help with closing costs.
You need to make sure of two things…
1) The property you want to buy is in a USDA approved area.
2) Your family meets the income guidelines for your area.
You can find this information on the links below…
· Property eligibility: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
· Income eligibility: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
I hope you have a good day today, and a good weekend. Thanks for reading!
Brett
If you are thinking about buying a house, but you aren’t really sure if it’s…
Here is a breakdown of the maximum seller help amounts by loan program… Program: Conventional…
Your property tax bill usually comes out in late November, or early December. There are…
If you want to acquire rental properties, but you are having issues proving your income…
If you receive money from the State or a County sponsored organization for providing foster…
FHA gift questions come up often. I wanted to give you the rules on FHA…