USDA Loan - 100% Financing

Great news!! Not only have rates dropped, but USDA Rural Development announced that approximately $10 billion in purchase funds are now available.

What is USDA Rural Development? It’s the only 100% financing program available (aside from VA loans).

Key points to note on the USDA loans:

· 2% Funding Fee (can be financed into the loan)

· No limit on Seller Contributions

· Owner Occupants only

· Income Limitations for $53,200 for single person in Honolulu and $60,800 for 2 person

· Must be a U.S. Citizen or Permanent Resident Alien

· Must be in a rural area

For more information on the areas that are qualify for this loan program please see check out the website below:

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do