Want to buy a nice home in the country or outlying suburb with no money down?
I’ve got ‘ya covered!
Here’s some great reasons to use our USDA program…
Up to 100% of the Appraised Value – Total LTV of 102% –
Difference of sales price and appraised value can be used for closing cost
No Down Payment Required
No Cash Reserve Requirement. No cash contribution requirement
Unlimited seller concessions
Unrestricted gifts, not necessary to document source, no seasoning
First time home buyers allowed, but not limited to first time home buyers
Minimum credit allowed is 620
Completed Short Sales are NOT regarded as a foreclosure or negative credit. We will need a clear CAIVRS and an adequate letter of explanation
Collections over 1 year may not need to be paid (cannot be a pattern and depends upon credit score).
Non-traditional credit may substitute for lack of credit history
Repair Escrow financed in loan up to $10,000 or 10% of loan
Ratios as high as 33/45 with Compensating Factors
Investor Properties – No Seasoning – need 24 month chain of title
Brett
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