|
What
is the USDA Direct Loan Program?
The
USDA Direct Loan Program is a Federal program offered
through the United States Department of Agriculture
for rural Americans. This will allow many Americans
access to safe, affordable homes as well as the ability
to repair and renovate their homes. And no, it doesn't
have to be a farm!
425-273-0734
BASIC GUIDELINES for the USDA Program (subject to
government changes)
- No Downpayment
- Financing to 102% financing based on appraised value
- 30-year Fixed
- Streamline Refi for reate-reduction only - no cash
back. Good on existing GRH and Section 502 Direct
loans
- No monthly mortgage insurance. One-time guarantee
of 2%
- 100% gift permitted. Donor must be disinterested
third party
There are many more benefits to getting a USDA loan,
so call or e-mail us to find out more!
|
