“USDA a Wonderful Mortgage Program”
This
program is a NO Brainer, if the area allows USDA loans. It is so
important however to speak to someone that understands the program as it
has many quirks, such as income limits. These income limits include
everyone under the roof, rather than only who is on the mortgage
application.
The
funding fee is lower than FHA or VA and the monthly mortgage insurance
is less than half of FHA, so lots of positive reasons to consider this
mortgage program.
Hi Joe-
Thanks
again for chatting with me regarding USDA loans. The blog that you
wrote on the topic was most informative, but I’m sure I will have many
more questions. You mentioned that I could send you a couple numbers and
get a ball park estimate of what my payment would be in Maine. If I was
to purchase a home for $190K with taxes at $2500- wrapping in as much
as possible to the loan. What would payment be and how much would I have
to bring to the table? So hard to believe that this program requires no
down payment.
Thanks
Tom
“Who else do you know that needs my help?”
