USDA Rural Development Mortgage Guidelines

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USDA Rural Development Mortgage Guidelines

This web site will explain the mortgage guidelines for a 100 percent loan to value (100% LTV), USDA Rural Development  home mortgage  that is government guaranteed. Few people are aware this Guarantee program exists.  This is not a subsidy loan so there is no recapture!

The major benefits are:

  • 100% mortgage LTV based on the APPRAISED value
  • Zero down payment and there is no minimum contribution required.
  • No limit on seller concessions or gift
  • No mortgage insurance required
  • No reserves required
  • 30 year fixed rate only
  • Lenders must be USDA approved.
  • Low interest rates, this is not a sub-prime mortgage
  • Flexible Credit Guidelines.

Few people including real estate agents and loan officers are aware of this government program.  If they were, a lot more homes that are on the market today would be selling.  Real estate agents and For Sale By Owners should use this 100 percent loan to their advantage in their advertising.

Not every home or buyer will qualify for this loan, but if they do they are getting one of the top mortgages with low interest rates on the market right now.

We are not part of  USDA Rural Development and we are not a mortgage lender/broker.  We put out this information because we believe in educating buyers and FSBO's so they don't get ripped off in the market.  We have several other sites that cover mortgage underwriting guidelines for FHA, VA, and Conventional Mortgages as well. 

The other websites we operate are listed at the bottom of this page.  As a buyer, you should familiarize yourself with the guidelines of each mortgage product.  Then you will know what program best meets your needs BEFORE you shop for a mortgage loan.  The more you know and understand the less likely it is that you will fall prey to people with a different agenda than your best interest.

This site will also help real estate and mortgage professionals understand the guarantee program's underwriting guidelines.

 
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 Copyright 2008 | Kale Enterprise Corp. | Cartersville, Georgia, 30120

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