One Of The Best Loans Available To You... ...No Down Payment!

Hello,

Here are some reasons why you should consider the USDA loan product to buy your house with...

...No down payment.

...No monthly mortgage insurance.

...No cash reserves are required.

...No limit on cash assets.

...Home purchase loans up to 102% of appraised value (100.5% on refinance of Rural Development loans).

...No limitation on source of closing costs. 100% gifted closing cost or down payment assistance is permitted. Funds from community based down payment assistance organizations can be used. Soft second mortgages are allowed for closing costs even if the total debt exceeds the appraised value of the property.

...Repairs, closing costs, and the one time Rural Development guarantee fee of 2.0% can be financed up to 102% LTV.

..Seller concessions are allowed to pay loan closing costs and repairs. No limit on seller concessions.

Just remember - you won't be able to use USDA in the heart of larger cities. It's available in many suburbs, and all smaller towns and rural areas.

It's a great product if you're looking to buy in a qualified area.

I hope you have a good day today. Thanks for reading!


Brett