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USDA RD Loans: 100% Financing Available
USDA loans OFFER 100% FINANCING. They are made on properties within a qualifying rural area. Applicants with low to moderate incomes can qualify for these loans, while still being able to afford the housing payments, which include the principal, interest, taxes and insurance that are part of the monthly payment amount.
- Effective 10/1/16 RD upfront fee reduced from 2.75 % to 1.00 %, Monthly fee reduced to .35 %. This will help to reduce your monthly payments.
- Other benefits of a USDA loan include: 100% FINANCING IS AVAILABLE
Affordable to those with lower incomes and good credit histories.
- No required down payment. 100% FINANCING AVAILABLE
- New Manufactured homes are acceptable as long as conditions are met.
- Available in 30-year or 15-year fixed rates.
- With most loans the CLOSING COST and PREPAIDS can be part of the LOAN if the appraisal allows.(http://eligibility.sc.egov.usda.gov/eligibility/welcomeActiondo?pageAction=sfp&NavKey=property@11).
For more information on USDA loans, please click here. (http://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program)
📞615.924.6215
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