Pender County Homes, Burgaw NC, Land, Acreage, Commercial, real estate, Duplin County, rentals

How To Qualify For A Loan In Difficult Times

Even with the credit markets tightening and the economy virtually in a free fall, there are still some very good mortgage opportunities to be realized. The USDA or United States Department of Agriculture is offering a wonderful opportunity. The program was designed to bridge the gap between government and private mortgage lending which has existed in many rural areas.

With over 2000 lenders participating, this public/private partnership is a proven success story. This program fills a tremendous need for thousands of rural North Carolina families that have the income but lack the down payment abilitiy. If meeting the down payment requirements for most conventional lending has prohibited you from purchasing a home, the USDA Rural Development Guaranteed Loan Program might just be what you need. Through this program you may NOW be able to purchase your dream home.

Highlights Of The Program:

- Applications are filed with participating lenders (WE HAVE A PARTICIPATING LENDER IN OUR OFFICE)
- Buyers must occupy he dwelling
- 30 Year FIXED market interest rates
- Loans up to 102% of market value when financing the loan fee of 2%
- NO LIMIT ON SELLER CONTRIBUTION AT CLOSING
- No maximum loan amount
- Closing costs and/or repairs can be financed
- No Private Mortgage Insurance required

For more information call Afton with 1st Trust Mortgage at Realtyworld Southeastern @ 910-259-7156 or ask any Realty World Southeastern Realtor.

Posted By - Tom Roper - Realtor - 1 day ago

Comments:

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Posted By - rocky point rentals - 07/28/2011

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