GRH USDA mortgage program | MD, VA, DE, FL, more..
Some key features of this program include:
-  No private mortgage insurance (pmi).  This is huge!
Also, VA loans have a funding fee, and this program has a Guaranteed Fee that can also be financed into the loan.
- 6% seller help/credit is allowed
- No minimum contribution from your own funds.  FHA has a 3.5% downpayment requirement and your typical conventional loan requires cash reserves.  This program requires neither.
- This program offers a fixed rate option for a one unit, primary residence.  Maximum loan amount is $417,000. 

See if your property is eligible here

     Contact me to discuss this program and get you qualified.
888-475-0700, Bill Mulligan
 

Tags: MD USDA rural housing program 100% financing, VA rural housing 100% USDA mortgage

This entry was posted on Tuesday, November 25th, 2008 at 5:12 pm and is filed under 1) Questions for Loan Officer, 2) General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.