The USDA Rural Housing program assists in providing low- and moderate-income households the opportunity to purchase rural housing. The goal is to help them purchase adequate, modest, decent, safe and sanitary dwellings as their primary residence. But the home must be located in an eligible rural area. Applicants eligible for USDA Mortgage Loans in Colorado have numerous options available to them. They may purchase an already established dwelling, but also have the option to purchase a new dwelling using the funds from a USDA mortgage loan in Colorado.
Eligible applicants may rehabilitate or renovate a run down dwelling in an eligible rural area. The Rural Housing Program helps families with these options by providing 100% financing to eligible rural home buyers. This means that those who qualify are not required to put any money towards the down payment other than closing costs.
USDA Mortgage Loans in Colorado:
- 100% LTV – No Down Payment!
- USDA Mortgage Streamlines Refinances allowed with 660+ FICO
- Only 1% Guarantee Fee and .35% annual (monthly) fee
- Gifts Allowed for Closing Costs | Prepaid Interest | Escrows
Contact Dave Kevelighan for USDA scenarios & pricing today!