If you are looking for a home in the outer suburbs or in a rural area make sure your realtor knows about this great USDA 100% financing 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
-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
That’s it for today!
Have a good day! …and thanks for reading.
Brett
Texas renters are spending more than 30% of their incomes on rent. It can be…
Do you need cash out of your home, but you don’t want to refinance the…
The bad news is that according to Redfin, 38% of U.S. renters don’t believe they’ll…
Are you planning to use a gift for the down payment or closing costs when…
Do you have investment property, and would like to pull cash out of your property?…
Do you need cash out of your home, but you don’t want to refinance the…
