USDA Rural Home Loans are available in Pierce County and can help you get into a home with up to 102% financing.
Here are some of the features of using the USDA Rural Housing Loan Program to buy your next home.
- Flexible Underwriting. Higher ratios will be considered with compensating factors. 660+ Credit Score, job stability, similar housing expense etc.
- Income Limits 115% of area median (Pierce County $53,250 for 1 person up to $100,450 for 8 people)
- Maximum Loan amount 102% when guarantee fee is financed into loan (2% guarantee fee on all loans)
- Loan can include closing costs and or repairs as neeeded. If appraisal warrants.
- NO Monthly Mortgage Insurance Required!
- No cash reserves.
- Do not have to be first time homebuyers.
- One Day Compliance turn around from USDA will not slow up loan processing.
- No LOAN LIMITS
- No minimum credit score
- No Federal recapture
- Money available all year
This is a very powerful loan program for people who are interested in living in the outlying areas of Pierce County. For example all of Gig Harbor qualifies. All of Lake Tapps qualifies, Parts of Spanaway qualify, Parts of South Hill in Puyallup qualify.
This program is available all across the United States. If you are considering buying a home you need to check with your real estate agent and lender to see if you are looking in an area that will allow USDA financing and if you qualify.
If you are looking to buy a house in Pierce County and you want to work with an agent who is familar with the USDA program please contact me to setup an appointment. I will be happy to make sure you are qualified to use the USDA program and to introduce you to lenders who are experienced with working with the USDA.
Pierce County Buyers remember 100% financing is available. You just need to work with an agent who knows where to look for it.
Contact Scott Cowan, Rainier Real Estate. Licensed real estate salesperson in Washington at 253-219-1194 to list your property for sale or purchase a home in Tacoma, Gig Harbor, Puyallup, and the rest of Pierce County Washington.
Gladly accepting referrals.
Copyright © 2008 By Scott Cowan, "Pierce County Buyers 100% Financing Is Available From The USDA" All Rights Reserved.
Call us today at 253-219-1194. Contact us by email if you prefer by using the email link on the right side of this page under my profile.
Disclaimer: Information provided within this post and blog is supplied by several sources and is subject to change without notice. All information is provided without warranties of any kind, either expressed or implied. Entries on this blog are the opinions and ideas of the author and are not necessary those of Rainier Real Estate, Inc.