There are true 100% financing options available in Roanoke, Va!
Here is the information regarding USDA financing:
No Down Payment. True 100% product.
No Monthly Mortgage Insurance.
No Cash Reserves Required.
Minimum credit score 600
Not just for 1st time buyers.
No purchase price limits-$417,000.00.
Loans up to 103.5% of the appraised value. The 3.5% funding fee can be added to the loan amount above the appraised value.
No limitation on the source of closing costs: 100% gifted closing costs allowed.
Repairs may be financed up to 100% of the appraised or improved value.
No limit on seller concessions.
There is an income cap which is currently $73,600 for a family of 1-4.
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Providing the best results with the least hassle when buying or selling a house in Roanoke, Salem, Vinton, Botetourt, Franklin, Bedford or Roanoke counties. Visit www.RoanokeRealEstateTeam.com
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