Here's a great alternative financing option to conventional lending....it's the USDA Rural Housing Program.
FACT: 30 Year Fixed Term
FACT: No Mortgage Insurance(Guarantee Fee of 2% required up-front & can be financed)
FACT: No Payment Reserve Requirements
FACT: No Down-Payment(Program allows 102% Loan-to-Value based upon HIGHER of Appraised Value or Purchase Price)
FACT: No Maximum Seller Concessions (If greater than 6%, comment from appraiser required)
FACT: 100% Gifting permitted. Donor must be disinterested third party
FACT: No Minimum Credit Score requirement
FACT: No First-time Home buyer requirement
FACT: Income Limits apply (Based upon Family size, until 1/20/2009)
Information Courtesy of:
Information Courtesy of:
Tiffany Bergsma-Evans, Mortgage Loan Officer
Horizon Bank - Cornwall Branch
p:360.756.2668
c:360.303.9540
f:360.733.1872
e: tiffany.bergsma-evans@horizonbank.com w: www.horizonbankmortgage.com/tiffanybergsma-evans Equal Housing Lender
To find out it you and your chosen property qualify, contact meor checkout the USDA website.
Happy Home Searching!
www.connectrealtyhomesales.com
Tara Camp...Connect Realty.com
Bellingham Realtor - Specializing in Bank Owned Properties, Short Sales, Lease Options, & Seller Financed properties.
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