Tuesday, January 31, 2012

Rural Development loans - 100% financing

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