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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52 Stoughton St, Thomaston, CT For Sale – Eligible for 100% USDA Financing

usda 3It’s so much larger than it appears. Plenty of room to stretch out in this well cared for cape style home boasting 4 BRs with a full bath on each floor. Many possibilities to accommodate small. large or extended families. Ideal for Millennial First Home Buyers.

And it’s Eligible for Up to 100% USDA Financing.

Closing Costs can be rolled into loan amount.
Low Rates! Reduced MI. Beats FHA and CHFA any day.

52-stoughtonhttp://www.zillow.com/homedetails/52-Stoughton-St-Thomaston-CT-06787/57821597_zpid/

Reach out to Rick Cignoli at 860.945.9284 to see if the USDA Guaranteed Rural Housing Development Loan is the right mortgage option for you  and to take advantage of his FREE Jump Start Mortgage Pre-Approval service.

Then call Kristen Butts at Clemens & Sons to schedule a showing and be ready to make an offer.

Thomaston CT Home for Sale-Eligible for 100% USDA Financing

Price Reduced for End-of-Year Sale! $196,900 

Charming 4 BR ranch with finished basement on level lot. 174-edgewoodhttps://www.trulia.com/property/3241641942-174-Edgewood-Ave-Thomaston-CT-06787

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Eligible for Up to 100% USDA Financing.
Low Rates! Reduced MI.
Closing Costs can be rolled into loan amount.
Beats FHA and CHFA any day.

Reach out to Rick Cignoli at 860.945.9284 to see if the USDA Guaranteed Get Pre-ApprovedRural Housing Development Loan is the right mortgage option for you  and to take advantage of my FREE Jump Start Mortgage Pre-Approval service.

Then call Sue Holway at Keller Williams to schedule a showing and be ready to make an offer by year-end.