What are the benefits of Rural Development Loans?
Rural Development Loans are 100% loans that require no down payment. Seller
may pay the homebuyer’s closing costs and prepaids, which lowers the total
cash required from the home buyer’s own funds for the purchase of their new
home. Homebuyer may also borrow up to the appraised value of the home.
This program may allow buyers have credit issues with good explanation.
Rural Development Loans are 30 year fixed rate loans with no monthly
mortgage insurance premium to pay and have rates close to conforming rates.
Many homes are in areas that you might not think of as being “rural” and
qualify for Rural Development Loans.
This information is provided to you by 1st Choice Mortgage. You may Contact them
today to see if the home you or your customer is preparing to
purchase qualifies for a Rural Development Loan. The 1st Choice Mortgage
Government Loan Processing Program has more than twenty years’ experience in
Rural Development loans. Contact Michael Meeks with 1st Choice Mortgage at
803-528-4097 for more information on this program. Visit their website at
http://www.1choicemortgage.