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100% Financing in Whatcom County

100 % Financing in Bellingham & Whatcom County

Rural Housing Financing: The government is going to give me money for a home? What is this all about?

"The Housing Programs of USDA Rural Development works to improve the quality of life for rural Americans by ensuring that they have access to safe, well-built, affordable homes. Home-ownership builds economic stability and, over the long term, creates equity to finance education, business start-ups and retirement. People with equity in their homes not only take greater pride in them, they also become more involved in their communities."

"Housing and Community Facilities" - Website -http://www.rurdev.usda.gov/wa/Housing.htm

Home Loan Basics

Guaranteed Loans

  • 100% financing is Available for low-income individuals and households.
  • Funds can be used to purchase and/or build a home, to repair, renovate, and/or relocate a home.
  • Applicants must be within income limits & afford mortgage, taxes, and insurance
  • Applicants must have reasonable credit
  • Loans are typically for a 30 year term

SFH Income Eligibility

rural development financing eligibility

Direct Loans

  • 100% Loans are available for low and very low households
  • Funds can be used to purchase and/or build a home, to repair, renovate, and/or relocate a home.
  • Mortgage payments are based on household income
  • Applicants must be within income limits & afford mortgage, taxes, and insurance - Subsidies are available to help with repayment ability.
  • Applicants must have reasonable credit
  • Loan terms range from 30-38 years depending on type of home and repayment ability.
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rural development financing eligibility

Want to See if a property qualifies for 100% financing?

Property Eligibility Map

Have questions? Give me a call I'd be glad to help.

Email Me

Tara is a full time Realtor in the Bellingham, Wa. She specializes in under-valued properties - good deals, bank owned real estate, short sales, estate sales, etc. She is well versed in real estate values, finance, and negotiation. Whether you're looking to relocate, buy, sell, or invest you're in good hands with Tara.

Posted Friday Feb 20