USDA is now offering the USDA Direct loan in our area, this is a loan specifically being done for low and fixed income buyers, it is not based on credit scores just your need for housing, if you cannot get approved anywhere else this is the loan for you. The interest rates today vary from 1% to 5% depending on income. I closed one of these in the last month and the buyers were able to get in a 140k house for under $400 per month.
If you or anyone you know has any interest in this please contact me at (205) 482-2148 or at timhawkins@remax.net
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved