USDA Rural Housing Program....Why you can't afford to not know about it!

If you are a builder or realtor who does any business at all in the rural housing markets, it's imperative to know about the USDA Rural Housing Program Loan.

For Real Estate Professionals and Builders that like to "make deals", this is the loan for you. With it's unlimited seller concessions, it allows for very creative structured contracts.

My last USDA loan allowed me to help my realtor construct a deal in which the borrower had no closing costs, no money down, and we bought the rate down to 4.5% fixed for 30 years. This was also a condo and all of the borrowers HOA fees were paid through the year by the seller.

This is the strongest loan program I have ever seen. If you're not using this program, you're losing business as the financial benefit to the borrower is immesurable.

Apollo Beach, Pasco County, Polk County, and some areas in Hillsborough qualify as with many other areas in the state. Call us to see if your property is eligible.

Here are some of the highlights to the program:

• Loan up to 102% of appraised value
• No limit on seller contribution towards closing costs
• NO MI
• No maximum loan amount
• No cash contribution required from the borrower
• Unrestricted gifts, no need to document source
• Non-traditional credit may be substitute for lack of traditional credit history
• No credit explanations when credit score is 620 or above
• No minimum credit score
• No reserves required
• Not limited to first-time home buyers
• High earnings potential
• 30-year fix rate loan