Talk with us about this 100% financing program if you are looking to buy or refinance a single family home in a rural area designated by the USDA.
Some key features include:
- No private mortgage insurance (pmi). While VA loans have a funding fee, this program has a Guaranteed Fee that can also be financed into the loan.
- 6% seller help/contribution is allowed
- No minimum contribution from your own funds. FHA has a 3.5% downpayment requirement and your typical conventional loan requires cash reserves, which this program does not.
- This program offers a fixed rate option for a one unit, primary residence. Maximum loan amount is $417,000.
See if your property is eligible, and considered in a rural area.
All of Delaware is eligible for this program
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