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Need USDA Financing? Call Us!
866-752-5322
Under the USDA Guaranteed Rural Housing Loan Program qualified individuals are able to obtain 100% financing for
- Primary 1 Unit Single Family Dwellings,
- Warrantable Condos,
- PUD’s, and
- Townhomes.
- Max loan amount under the program is currently $417,000.
Other benefits of the Rural Housing Loan Program are
- No Minimum Contribution from the borrower’s own funds is required, and
- Up to 6% seller contribution is allowed.
- There is neither a cash reserve requirement and
- No Private Mortgage Insurance required and the upfront USDA Guarantee Fee of 2% can be financed into the loan amount for Purchase transactions and .5% for R/T Refinances.
There are maximum income limits and minimum credit guideline which can be reviewed by visiting the USDA website or simply give us a call to obtain rates and become approved.
Call US! 866-752-5322
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