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Home Ohio Home Loans - 100% Financing with Rura...

Ohio Home Loans - 100% Financing with Rural Home Loan Program

Some information presented here is out of date. Call Tim Bradford for current information.
For those that have not heard about the Ohio USDA Rural Home Loans, you may want to look at the program because it allows 100% Financing and there is no Monthly Mortgage Insurance.
If your household income is below those shown in this table and you are considering a home purchase outside of a major metropolitan area, you should check out the Ohio USDA Rural Home Loan Program.
In Ohio, visiting http://www.firsttimebuyers-mortgages.com for additional information. For out of state buyers or realtors, please use the USDA link at the bottom of this page.
Rural Home Income Limits Cleveland MSA
In order to qualify for the Rural Home Loan program your income needs to be below these income levels if the property is located in the Cleveland MSA. The Cleveland MSA covers most of the Northern Ohio market Area.
If the property is out of the Northern Ohio Area, please call me. I will be glad to assist you.
Cleveland MSA
MOD.INC-GUAR.LOAN		 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50000 57150 64300 71450 77150 82900 88600 94300
Base Income Limit
for Ohio		 49550 56600 63700 70750 76400 82050 87750 93400
Some Counties have higher Limits.
If you are above these limits you may wish to look here to see all limits.
Below is a map showing the eligible area for the Ohio Rural Home Loan Program. Below this initial map are one for some Northern Ohio Counties.

USDA - Rural Home Northern Ohio Area OHIO
This Map shows Eligible Areas in Northern Ohio

More information is also available at http://www.rurdev.usda.gov
The program does have an upfront Guarantee fee of 2.00%
which is very similar to the upfront fee charged on VA Loans.
Posted Wednesday Nov 19