I just received an email from the USDA Rural Development that funds have been released again this year for the USDA Guaranteed Rural Home Loan Program. This means that we are again able to provide funding for financing up to 100% of the purchase price for Oregon and Washington loans in qualified areas.
Small towns such as Sherwood, Newberg, Sheridan, Dallas, Canby and Forest Grove qualify in my neck of the woods.
The USDA Guaranteed Rural Home Loan program is unique in that it is one of the few loans left that will allow a qualified home buyer, in a qualified area, to purchase a home with $0 down. Of course, the purchase does have to be structured correctly, but it is fairly easy to set up.
Rates today are incredibly low due to recent action by Congress and the Fed. This is a GREAT loan for a 1st time home buyer and a GREAT time to take advantage of low rates and reduced home prices.
Call me today, or visit my website to learn more.!!
Larry Morris
503-421-0096
Larry Morris is a Certified Mortgage Planning Specialist in Portland, Oregon. He specializes in USDA Guaranteed Rural Home Loans, FHA Purchase and Refinance, FHA 203k Rehab loans, FannieMae HomePath loans, Oregon VA Loans and conforming purchase and refinances in the states of Oregon, Washington and Idaho.
He can be reached at 503-421-0096.
Good news - A great program. It will come in handy with all the land and acreage properties we have for sale and the dozens we have coming up! Thanks for the info.
Yes, we live and work in a pretty unique area right now. Let me know if I can help with financing for borrowers or flyers for your properties. Thanks for the comment Amber.