USDA Home Loan 100% Financing

USDA Home Loan 100% Financing

• 1.
  USDA Loans Affordable Housing forRural America Whether you want to buy a home, refinance your existing home or build a new one, Mortgage Advisory Group can help. If your customers are purchasing a home in a USDA Rural Development (formerly the Farmers Home Administration) defined rural area, they may be eligible for financing with the Guaranteed Rural Housing Program which features 100% financing. Rural-area homes may qualify for USDA loans. These loans provide 100% financing, including most or all closing costs. No down payment or monthly mortgage insurance required, so payments may be lower than an FHA. Not limited to first-time buyers. How it Works • 100 percent financing—no down payment required • No monthly mortgage insurance—one time guarantee • Finance full purchase price plus closing costs up to fee at closing which keep monthly payments lower 103.50% appraised value than FHA • 6% seller concessions permitted for closing • Finance required property improvements into total cost assistance loan up to 103.5% of “as improved” value, repairs may be completed after loan closing (Max $10,000) • 100% gifting permitted for all closing costs • NOT limited to first-time home buyers Mortgage Advisory Group is a direct lender who carries and underwrites Conventional, FHA, VA, State Bond, USDA, Reverse Mortgage, High Balance Loans and most every other program offered nationwide. Mike Bon Your Future is Our Focus MLO-119781 Mortgage Advisor Cell: 253-495-2095 Mill Creek Office Direct: 425-224-8347 15117 Main Street B106 [email protected] Mill Creek, WA 98012 Mortgage Advisory Group’s top-notch customer service is the core of our Office: 425-224-8300 outstanding reputation. We pride ourselves on extensive knowledge of mortgage programs and regulations, advising you on the best option for Fax: 425-224-8303 your needs, today and for years to come. Toll Free: 888-618-8007 A Lifetime of Mortgage Advice Everett • Mill Creek • Marysville •Bellevue • Puyallup • Wenatchee • www.MAGloans.com CL-36212 Rev. 3/1/2010 Equal Housing Lender
• 2.
  USDA RURAL DEVELOPMENT INELIGIBLE AREA MAP USDA Rural Development Ineligible Area Map Snohomish County SNOHOMISH COUNTY USDA RURAL DEVELOPMENT INELIGIBLE AREA MAP KING COUNTY USDA Rural Development Ineligible Area Map King County USDA RURAL DEVELOPMENT INELIGIBLE AREA MAP http://eligibility.sc.egov.usda.gov KING COUNTY EFFECTIVE: 11/1/2003 http://eligibility.sc.egov.usda.gov EFFECTIVE: 11/1/2003