USDA Rural Development Loans - 100% Financing with No PMI
Are you familiar with USDA loans?
USDA rural development loans offer 100% financing with no monthly PMI to borrowers that meet moderate income requirements.
Loans apply for rural areas only. In some areas, based on where the home is located, it might qualify, such as parts of Pinson, parts of Hueytown, and many other locations. Please contact me by leaving your comment, thru e-mail, or directly and I will let you know if your dream home qualifies. If it does,
All closing costs can be paid by seller
Home has to be primary residence
Last 12 month credit score is closely viewed
Chapter 7, 13 and foreclosures must be completed/discharged for at least 3 years to qualify for this type of loan
PLUS if you have not owned a home in the last 3 years, and you can close before 11/30/09, you can still qualify for the $8000 tax credit!