In today’s shrinking credit market, USDA rural housing loan programs are one of the best 100% mortgage financing options in the marketplace. This program continues to be one of only two no money down loans available today. Visit our website at http://www.Madisonmortgageguys.com for all USDA rural housing guidelines including income and location limits.
Here’s more information about our Rural Housing loan program and how it works:
- A 30-year fixed rate mortgage loan for 1-unit primary residence properties
- Up to 100% LTV (loan-to-value) allowed based on the appraised value
- Up to 6% seller contributions allowed
- No minimum contribution from the borrower’s own funds required
- Borrowers can finance closing costs into the loan amount up to the maximum LTV amount
- Low, 2% upfront mortgage insurance premium financed into the loan amount
- No monthly mortgage insurance payments required.
Visit our Rural Housing page on our website for additional USDA rural housing program requirements.
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