Whatcom Home Stats: 100% Financing in Skagit County

100% Financing in Skagit County

Rural Housing Financing:  100% Financing in Skagit County

"The Housing Programs of USDA Rural Development works to improve the quality of life for rural Americans by ensuring that they have access to safe, well-built, affordable homes. Home-ownership builds economic stability and, over the long term, creates equity to finance education, business start-ups and retirement. People with equity in their homes not only take greater pride in them, they also become more involved in their communities."

                    "Housing and Community Facilities" - Website -http://www.rurdev.usda.gov/wa/Housing.htm

Home Loan Basics

Guaranteed Loans

  • Available for low-income individuals and households.
  • Funds can be used to purchase and/or build a home, to repair, renovate, and/or relocate a home.
  • Applicants must be within income limits & afford mortgage, taxes, and insurance
  • Applicants must have reasonable credit
  • Loans are typically for a 30 year term

rural development financing eligibility

SFH Income Eligibility

 

Direct Loans

  • Loans are available for low and very low households
  • Funds can be used to purchase and/or build a home, to repair, renovate, and/or relocate a home.
  • Mortgage payments are based on household income
  • Applicants must be within income limits & afford mortgage, taxes, and insurance - Subsidies are available to help with repayment ability.
  • Applicants must have reasonable credit
  • Loan terms range from 30-38 years depending on type of home and repayment ability.

 

rural development financing eligibility

Want to See if a property qualifies?

Property Eligibility Map

Have questions?  Give me a call I'd be glad to help.

Tara Camp

360-26-3244

www.taracamprealestate.com

Email Me

Comment balloon 0 commentsTara Camp • February 20 2009 05:23PM

Comments

Participate