Forum

Current User: Guest Login Register
Please consider registering

Search 
Search Forums:


 




Home Forums USDA Loans USDA Guidelines

USDA Guidelines
Page: 1
UserPost

9:44 am
August 20, 2008


John McClellan

Moderator

posts 7
1

USDA Loans
102% Financing – No Mortgage Insurance!
• Monthly Mortgage Insurance!
• ALL closing costs and prepaids can be rolled into the loan up to the appraised value of the property
• Loan may exceed the appraised value by the amount of the 2% USDA Guaranteed Fee being
financed.
• No Grants or Down Payment Assistance used
• Other than VA, this is the only true 100%+ financing program out there!
• No Loan Limits
Maximum loan amount based on the applicant's repayment ability and may not exceed appraised
value of the property or up to 102% LTV if entire amount of guarantee fee being financed.
• Owner-occupied only
• Income
Maximum household income limits based on number in family and property location.
Must count ALL household income for eligibility regardless of if the houshold member is on the loan
or not.
• Property must be located in the USDA designated Rural Development area.Call me to get more information on income and property eligibility. 512-279-1150
• Minimum credit score of 580 – must show good payment history or have documentation and good
explanation of any derogotory credit.
• Full Documentation Only
• 30-year fixed Only
Page: 1


Reply to Topic: USDA Guidelines

NOTE: New Posts are subject to administrator approval before being displayed

Guest Name (Required):

Guest EMail (Required):

Guest URL (required)

Math Required!
What is the sum of: 3 + 1        (Required)

Topic Reply:


 
Topic RSS 

About the Austin Real Estate Daily forum

Currently Online:

3 Guests

Maximum Online: 8

Forums:

Groups: 4

Forums: 22

Topics: 64

Posts: 80

Members:

There are 64 members

There are 1 guests

Top Posters:

Kevin Bown – 18

John McClellan – 7

Scott Palmer – 7

nitingarghere – 4

John McClellan – 3

Ellen B – 3

Administrator:  | Moderators: John McClellan, Kevin Bown, Jim, John McClellan, Mike Garcia


© Simple:Press Forum – Version 3.1.3 (Build 356)  

Share and Enjoy:
  • Print
  • Facebook
  • Digg
  • Sphinn
  • del.icio.us
  • Mixx
  • Google Bookmarks
  • Blogplay
  • MySpace
  • Technorati

Comments on this entry are closed.