Whatcom Home Stats: Washington Real Estate - 100% Financing Isn't ALL Gone...

Washington Real Estate - 100% Financing Isn't ALL Gone...

Here's a great alternative financing option to conventional lending....it's the USDA Rural Housing Program. 

FACT:  30 Year Fixed Term

FACT:  No Mortgage Insurance(Guarantee Fee of 2% required up-front & can be financed)

FACT:  No Payment Reserve Requirements

FACT:  No Down-Payment(Program allows 102% Loan-to-Value based upon HIGHER of Appraised Value or Purchase Price)

FACT:  No Maximum Seller Concessions (If greater than 6%, comment from appraiser required)

FACT:  100% Gifting permitted.  Donor must be disinterested third party

FACT:  No Minimum Credit Score requirement

FACT:  No First-time Home buyer requirement

FACT:  Income Limits apply (Based upon Family size, until 1/20/2009)   

To find out it you and your chosen property qualify, contact me or checkout the USDA website.

Happy Home Searching!





Comment balloon 0 commentsTara Camp • December 16 2008 07:51PM