USDA Loans are Drying Up – Act Fast
USDA loans are great for several reasons, but will no longer be available in 2 weeks. Here is why you should take advantage of them if your situation permits: No down payment option: If you don’t have savings or simply wish to retain them, you can still qualify for this loan. 100% financing: This allows more people to be homeowners. No reserves required: Buyers do not need to provide bank statements to qualify. Expanded qualifying ratios: Buyers with satisfactory credit may qualify with higher deb-to-income ratios to accommodate high-cost housing areas. This USDA rural development loan can only be utilized west of I-95. It will no longer be available in two weeks because the Federal Government only allocates a certain amount of funds for the loan. If you are on the fence about what financing option you want, this may be a great option for you. We can put you in touch with one of our lenders and get you all the details you need to qu...