Good Morning!
I wanted to remind you about the USDA program. It’s a no down payment – 100% financing loan program.
Congress just added funding to this program – so it’s running full speed again.
Here are some unique features of the USDA loan program…
· 100% financing.
· Small monthly mortgage insurance.
· Gifts for down payment are allowed (if you want to put money down).
· No limit on seller help with closing costs.
You need to make sure of two things…
1) The property you want to buy is in a USDA approved area.
2) Your family meets the income guidelines for your area.
You can find this information on the links below…
· Property eligibility: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
· Income eligibility: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
I hope you have a good day today, and a good weekend. Thanks for reading!
Brett
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