THE LOAN
.. ZERO DOWN
.. 30 year fixed rate
.. LOW interest rate (often below conventional and FHA/VA rates)
.. NO mortgage insurance!
.. 6% allowable seller contributions
.. Upfront 2% "Guarantee fee" can be financed.
.. Closing costs and repairs can be financed without a raise in purchase price!
THE PROPERTY
.. 1 unit detached single family residence, warrantable condo, PUD, town home, or modular
.. Owner occupied purchases
.. Eligible areas can be found at: http://eligibility.sc.egov.usda.gov
THE BORROWER(S)
.. Full income and asset documentation
.. No minimum borrower contribution
.. No minimum cash reserves or funds seasoning
.. Credit score as determined by system
.. Non-traditional credit may be acceptable
There are income and area limitations. Call me to discuss.
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