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The United States Department of Agriculture (USDA) provides a Rural Development guaranteed loan program that targets home buyers in rural communities. This program allows 100% financing without mortgage insurance!
Call me for a free prequalification.
Purchase your home in any of these communities with zero downpayment!
Canby
Damascus
Banks
Boring
Sandy
Welches
Estacada
North Plains
and many other communities throughout Oregon and Washington
Some of the highlights:
owner occupied homes
NOT limited to first time buyers!
100% financing
no prepayment penalty
fixed interest rates
purchase new or existing single family homes, condos, PUD's (no refinances)
guaranteed by the USDA
closing costs can be financed
no restrictions on the size or design of the home
no mortgage insurnace
must be a residence and not a farm
no minimum credit score required
home buyer education is required but this isn't a big deal
no in ground pools oddly enough
there are income limits but they are not overly restrictive
Call for details!
David H. Steinbrugge
Licensed Mortgage Broker
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