The Other 100% Financing Program…
You might be surprised to know that there are many realtors out there that are unaware of the USDA program.
If you are looking for a home in the outer suburbs or in a rural area make sure your realtor knows about this great 100% financing program.
Here are some quick bullet points on the USDA program…
Up to 100% of the Appraised Value – Total LTV of 102% –
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
Completed Short Sales are NOT regarded as a foreclosure or negative credit.
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
If you have more questions about getting qualified for this program just shoot me an email or give our office a call.
Have a good day today! …and thanks for reading.
Brett
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