Comments on: USDA Loan – 100% Financing is Possible http://www.centraloregonbuzz.com/blog/usda-loan-100-financing-is-possible/ For more real estate information please call Thesa at (541) 771-7064 Tue, 24 Jan 2012 21:10:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Lew Corcoran http://www.centraloregonbuzz.com/blog/usda-loan-100-financing-is-possible/comment-page-1/#comment-4435 Lew Corcoran Wed, 28 Jul 2010 20:51:13 +0000 http://www.centraloregonbuzz.com/blog/?p=694#comment-4435 The USDA Rural Development loan program is a great program - and it's not just for first-time homebuyers! Anyone can buy a home in a "rural" area (basically, areas with a population of 10,000 or less) with no money down. And, sellers can contribute up to 6% of the purchase price towards your closing costs. You just have to meet the family income requirements, the address of the property must be in an eligible area, and you meet FHA's credit and underwriting requirements. And the best part - there's no monthly mortgage insurance premiums! Check it out. You'll be glad you did! The USDA Rural Development loan program is a great program – and it’s not just for first-time homebuyers! Anyone can buy a home in a “rural” area (basically, areas with a population of 10,000 or less) with no money down. And, sellers can contribute up to 6% of the purchase price towards your closing costs. You just have to meet the family income requirements, the address of the property must be in an eligible area, and you meet FHA’s credit and underwriting requirements. And the best part – there’s no monthly mortgage insurance premiums!

Check it out. You’ll be glad you did!

]]> By: Danny Thornton http://www.centraloregonbuzz.com/blog/usda-loan-100-financing-is-possible/comment-page-1/#comment-4206 Danny Thornton Sat, 11 Jul 2009 12:46:37 +0000 http://www.centraloregonbuzz.com/blog/?p=694#comment-4206 Fred, what is surprising to me is that people blame 100% financing as one of the major reasons for the crash of the housing industry. Personal, I think that is just a crock. You show me one person that would walk away for granting a 100% loan to a qualified applicant or one Realtor that would refuse to sell to a buyer that has obtained 100% financing. It aint out there. This is a great program for anyone that qualifies under it. Fred, what is surprising to me is that people blame 100% financing as one of the major reasons for the crash of the housing industry. Personal, I think that is just a crock. You show me one person that would walk away for granting a 100% loan to a qualified applicant or one Realtor that would refuse to sell to a buyer that has obtained 100% financing. It aint out there.

This is a great program for anyone that qualifies under it.

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