Thomaston CT Homes for Sale – Eligible for 100% USDA Financing

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Smart Home Buyers in Thomaston CT are very interested in the USDA Rural Development Guaranteed Housing Loan.

They find this mortgage particularly attractive because:

• No Down Payment is required

• Have the ability to finance 100% of the home’s appraised value

• Lower mortgage insurance than conventional or FHA loans

• More lenient credit score requirements than for conventional loans

• Unlike VA loans, there is no military service requirement

• The only zero-down loan on the market besides the VA mortgage

OVERVIEW

The USDA Rural Development Guaranteed Housing Loan program offers many benefits to qualified buyers

• Up to 100% Financing of the home’s Appraised Value – No Down Payment is required on eligible homes

• Ability to finance Closing Costs when the Appraised Value is higher than the contract sales price of eligible properties

• One 30 year fixed rate mortgage at today’s low-interest rates

• Buyers with <20% down payment can afford higher priced listings because Monthly MI is cheaper than premiums associated with conventional and FHA mortgages

• No Pre-Payment Penalty. No Re-Capture Tax like CHFA

• No limit on Seller Contributions. No limit on Gift Funds

• No Cash Contribution required from buyer

• Credit Scores down to 620.

CAVEATS

The USDA Rural Development Guaranteed Housing Loan program does have a few restrictions:

• The home must be in USDA “designated rural areas” like Thomaston, CT

• Adjusted household income cannot exceed established income limits

• Available to First Home Buyers and Repeat Buyers purchasing a single family home as their primary residence in a USDA eligible area

> Cannot own any other type of residential property at time of closing

My expertise with the USDA Rural Development Guaranteed Housing Loan expands my ability to provide clients with the right home financing solution. Get Pre-Approved

Call Me to discuss your mortgage options and to take advantage of my FREE  Jump Start Mortgage Pre-Approval service.

You just might be able to move into your new home in Terryville, CT with little or no out-of-pocket money and low affordable monthly payments.

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Connecticut Home Buyers Like the USDA Guaranteed Rural Housing Development Loan

Astute home buyers in select Connecticut communities  are very interested in the USDA  Guaranteed Rural Housing Development Loan.

They find this mortgage particularly attractive because they:
usda 3•  Have the ability to finance 100% of the home’s appraised valueNo Down Payment is required
•  Don’t have to fear risking all their earned savings in a new home
•  Can take advantage of today’s low-interest rates
•  Afford a more expensive home and still enjoy low monthly payments

OVERVIEW
The USDA  Guaranteed Rural Housing Development Loan  offers many benefits to qualified buyers:
• Up to 100% Financing of the home’s Appraised Value – No Down Payment is required
• Ability to finance Closing Costs when the Appraised Value is higher than the sales price
• One  30 year fixed rate mortgage  at low-interest rates
• Buyers with <20% down payment can afford higher priced listings because Monthly MI is cheaper than premiums associated with conventional and FHA 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:
•  The home must be in a USDA “designated rural area”
•  Adjusted household income can not exceed established income limits
•  Single-family Property only. Must  be buyer’s’ primary residence

My expertise with the USDA Guaranteed Rural Housing Loan expands my ability to provide you with the  “Right” home financing solution.

Call Me at 860.945.9284 to discuss your mortgage options and to take advantage of my FREE  Jump Start Mortgage Pre-Approval service.
You just might be able to move into your new home in select areas of CT with little or no out-of-pocket money and low affordable monthly payments.