100% Financing in Spokane County is Available!

Contrary to popular belief, 100% financing is available in the Spokane market. USDA Rural Development Guaranteed Loans are available to help those buyers that want to buy but don't have funds for a down payment, or want to save the money for improvements in the house they are buying.

Areas in Spokane County that qualify for this special financing include, parts of Liberty Lake, North and South Spokane Valley, Deer Park, Airway Heights and reaching into Idaho, Post Falls!

USDA HOME LOAN BENEFITS:

· No Down Payment Required. Borrowers who qualify for a USDA Rural Development home loan have the flexibility to pay nothing out of pocket for a down payment.
· No mortgage insurance payments. Unlike an FHA Program, a USDA Rural Development home loan does not require a monthly MIP to be paid by the borrower.
· Competitive 30 year fixed interest rates
· $417,000 loan limit. Not strapped to the $271,050 Loam limit that FHA currently uses for Spokane County
· Home repairs can be included in loan. Looking to purchase a "handyman special" home? Homes that need refurbishing or rehabilitation may qualify for extra funds to be included in the home loan mortgage to go toward repair costs

The only drawback is that there are some income limitations that vary with each home loan. However, the good part is that there still is 100% financing out there and that gives you 1 more option in the home buying process!

Feel free to call me with questions or to see if the property you are listing or the one you are looking at qualifies!