USDA Home Loan Program 100% Financing

Get a Great USDA Rural Housing Loan

It is hard to beat the flexibility and great rates of USDA rural housing loans. These programs are geared toward homebuyers who live in rural areas of the Country and who have little to no money to put down. USDA rural housing loan programs offer flexible, common sense underwriting guidelines, relaxed credit requirements, no PMI (private mortgage insurance) options, the ability to finance closing costs into the loan amount, lenient seller concessions, and rates that are comparable to, if not better than, conventional fixed rate mortgage programs.

Your first step should be to call a CFS Mortgage 602-790-0210 to see if you are in an area where properties may be eligible for USDA rural housing loans. A CFS USDA rural housing mortgage expert will research your property and determine if both you and the property will qualify. You may also check the USDA web site to confirm the property eligibility and income limits for the subject property and area (you will see those links on the left navigation). In today’s shrinking credit market, USDA rural housing loan programs are one of the best 100% mortgage financing options in the marketplace. Give CFS a call today for more details.

USDA Rural Housing Loan Program Highlights:

Loans may be for up to 102% of the appraised value or sales price (whichever is lower). A one time 2% guarantee fee can be included in the loan which is how the loan can go up to 102%. This feature allows buyers to finance this expense into the loan amount versus paying it out of pocket.

No PMI (private mortgage insurance)

Secure, fixed-rate 30 year mortgages

Sellers can assist with paying the buyer’s closing costs

Little cash reserves needed for qualified borrowers.

Partial List of Eligibility Guidelines for USDA Rural Housing Mortgages

Homebuyers must be United States’ citizens, qualified aliens, or legally admitted to the U.S. for permanent residence.

Adjusted annual household income cannot exceed the moderate income limits for the area. A family’s size and child care considerations may increase chances for qualification if deductions are applicable.

Primary residences only

Home must be located in rural areas. This may include open country, and places with populations under 25,000 residents. A CFS Loan Advisor will be able to assist you in researching the eligibility requirements in your area.

CFS Mortgage is pleased to provide USDA rural housing loan assistance in the states of Arizona, California, and New Mexico.