Want to buy a nice home in the country or outlying suburb with no money down?
I’ve got ‘ya covered!
Here’s some great reasons to use our USDA program…
Up to 100% of the Appraised Value – Total LTV of 102% -
Difference of sales price and appraised value can be used for closing cost
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
Minimum credit allowed is 620
Completed Short Sales are NOT regarded as a foreclosure or negative credit. We will need a clear CAIVRS and an adequate letter of explanation
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
Ratios as high as 33/45 with Compensating Factors
Investor Properties – No Seasoning – need 24 month chain of title
Have a good day today! …and thanks for reading.
Brett
To see if you qualify for a mortgage right now - CLICK HERE and fill out this simple application.
To sign up for my weekly mortgage quick tips - CLICK HERE.
USDA loans are a great option for low to moderate income families who cannot qualify for conventional financing. Aside from requiring no down payment, USDA loans offer the lowest interest rates and monthly payments of any loan available. Such loans, however, are restricted for rural areas.
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