The USDA Rural Development Guarenteed Loan is quickly establishing itself as the most cost effective Rural Housing Loan anybody could use.
Our Rural Housing Loan will save your buyers a truck load of cash and help them keep their money in their bank account after closing!
Here's a comparison of an FHA Government Loan, A Conventional Mortgage and a USDA Rural Development Real Estate Loan.
|
|
FHA |
Conventional |
RHL |
|
Purchase Price |
200,000 |
200,000 |
200,000 |
|
Loan Amount |
194,300 |
190,000 |
204,000 |
|
Principal & Interest |
1,228.11 |
1,264.07 |
1,289.42 |
|
Mortgage Ins. Premium (monthly) |
80.96 |
272.33 |
0.00 |
|
Total Monthly Payment |
1,309.07 |
1,536.40 |
1,289.42 |
|
DOWN PAYMENT |
5,700 |
10,000 |
0.00 |
Not only does the Rural USDA loan have the lowest out of pocket expenses to buy Rural Real Estate, it also has the lowest down payment requirement.
Keep in mind that Rural Real Estate isn't a farm, it's often subdivisions just on the edge of town.
Apply for a Rural Housing Loan here.
Paul Dunn
Tucson's #1 FHA Mortgage Loan Originator
Arizona USDA Rural Development Home Loans
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