Many are unaware of the Rural Development (RD) loan programs.
If a home is located in certain rural areas - RD programs allow borrowers to purchase loans with:
100% mortgage LTV based on the APPRAISED value
Zero down payment and there is no minimum contribution required.
No limit on seller concessions or gift
No mortgage insurance required
No reserves required
30 year fixed rate only
If you or any of your clients are interested - please call Ray @ 504-782-2203 or email me at
MortgageRay@hotmail.com