Thomaston CT Real Estate – Homes for Sale in Thomaston CT Eligible For 100% USDA Financing

Astute Home Buyers searching for Homes For Sale in Thomaston, CT are very interested in the USDA Guaranteed Rural Housing Development Loan.
They find USDA Guaranteed RHD Mortgage particularly attractive because:
usda 3•  No Down Payment is Required
•  Buyers Have the ability to finance 100% of the home’s appraised value
•  Don’t have to fear risking all their hard-earned savings in a new home
•  Can take advantage of  low-interest rates
•  Afford a bigger home with low monthly payments

OVERVIEW
The USDA  Guaranteed Rural Housing Development Loan  offers many benefits to qualified buyers:
•  No Down Payment Required. Finance Up to 100% Appraised Value
•  Ability to Finance Closing Costs when the Appraised Value is higher than the Contract Sales Price
•  No First Home Buyer requirement. Available to Move-Up Buyers and Downsizers.
•  One  30 year fixed rate mortgage at affordable interest rates
•  Buyers with <20% down payment can afford higher priced homes because the Monthly MI is cheaper than premiums associated with conventional, FHA or CHFA  mortgages
•  No Pre-Payment Penalty. No Re-Capture Tax.
•  No limit on Seller Contributions.
•  No limit on Gift Funds
•  No Cash Contribution required from buyer
•  Credit Scores down to 620.

CAVEATS
The USDA  Guaranteed Rural Housing Development Loan does have a few restrictions:
•  Property must be in a USDA “designated rural area” like Homes For Sale in Thomaston CT
•  Adjusted household income from all occupants can not exceed established income limits
•  Single-Family Property only. Must  be buyer’s’ primary residence. Can’t own any other residential property at time of closing.

My expertise with the USDA Guaranteed Rural Housing Development Loan expands my ability to provide Home Buyers with an attractive home financing solution.
Call Me at 860.945.9284 to discuss the Right  mortgage options for your family and to take advantage of my FREE Mortgage Pre-Approval service.
You just might be able to move into your one of the eligible Homes For Sale in Thomaston CT with little out-of-pocket money and low affordable monthly payments this Spring!

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