No Money Down USDA Loan program for Colorado buyers

http://cathyharrisrealtor.com/idx/750-2

USDA RURAL DEVELOPMENT LOAN PROGRAM

Allows low to moderate income rural homebuyers achieve their dream of homeownership!

 

BENEFITS:

  • 30 year Fixed Rate Loan
  • 100% Financing
  • NO down payment
  • NO prepayment penalties
  • Flexible credit guidelines (FICO scores below 640 require an exception)
  • Gift funds and seller concessions are allowed
  • Not limited to first time homebuyers (but can’t currently own a home)
  • Upfront Guarantee Fee of 2% may be added to loan amount
  • Low monthly funding fee of .4%

 

ELIGIBILITY:

  • Income can not exceed 115% of the median household income for the area ($89,350 for FortCollins-Loveland area, $78,650 for Greeley area, 1-4 members of household)
  • Property must be located in rural area as designated by RHS – refer tohttp://eligibility.sc.egov.usda.gov
  • EXPANDED Areas now include Windsor and Timnath!!!

 

EMAIL:  cathy@cathyharrisrealtor.com for a list of participating lenders.  This program is excellent for rural towns such as Windsor, Eaton, LaSalle, Wellington, Mead, Severance, parts of Loveland, Berthoud, Firestone and Frederick.  Or call 970-691-0368 for details.

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