USDA RD LOANS - Rosa Rojas

USDA Rural Development Loans

USDA- RURAL DEVELOPMENT

WE ARE FUNDING USDA-RD LOANS!

103.5% PURCHASE PROGRAM USING THE APPRAISED VALUE

Program Guidelines

· 620 + Mid Score Required

· 30 Year Term

· No Mortgage Insurance

· No down payment

· No pre-payment penalty

· No cash reserves required

· 6% seller concessions

· No minimum cash contribution from borrowers

· No declining market hit

· Broker to Order Appraisal

· First time homebuyers allowed

· Finance all closing costs up to appraised value

· 100% gifting permitted

· SFR, Agency Approved Townhomes allowed in Eligible areas

· Upfront 3.5% guarantee fee required - can be financed

Please note this program is based on geographic restrictions and moderate income limitations, you can view eligibility at: http://eligibility.sc.egov.usda.gov

www.NorthStarMortgageServices.Com

Steve O'Day

770-995-8078

USDA Rural Development Loans