 Idaho USDA Rural Housing Loan | It is hard to beat the flexibility and great rates of USDA rural housing loans. These programs are geared toward homebuyers who live in rural areas of the Country and who have little to no money to put down. USDA rural housing loan programs offer flexible, common sense underwriting guidelines, relaxed credit requirements, no PMI (private mortgage insurance) options, the ability to finance closing costs into the loan amount, lenient seller concessions, and rates that are comparable to, if not better than, conventional fixed rate mortgage programs. Your first step should be to call an Local Idaho Home Loans Specialist at 208--919-3248 or email at
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to see if you are in an area where properties may be eligible for USDA rural housing loans. An Local Idaho Home loans USDA rural housing mortgage expert will research your property and determine if both you and the property will qualify. In today's shrinking credit market, USDA rural housing loan programs are one of the best 100% mortgage financing options in the marketplace. Give Local Idaho Home loans a call today for more details. | | | Idaho USDA Rural Housing Loan Program Highlights: | | | Loans may be for up to 102% of the appraised value or sales price (whichever is lower). A one time 2% guarantee fee can be included in the loan which is how the loan can go up to 102%. This feature allows buyers to finance this expense into the loan amount versus paying it out of pocket. | | | | No PMI (private mortgage insurance) | | | Secure, fixed-rate 30 year mortgages | | | Sellers can assist with paying the buyer's closing costs | | | Little cash reserves needed for qualified borrowers. | | | Partial List of Eligibility Guidelines for USDA Rural Housing Mortgages: | | Homebuyers must be United States' citizens, qualified aliens, or legally admitted to the U.S. for permanent residence. | | Adjusted annual household income cannot exceed the moderate income limits for the area. A family's size and child care considerations may increase chances for qualification if deductions are applicable. | | Primary residences only | | Home must be located in rural areas. This may include open country, and places with populations under 25,000 residents. An Local Idaho home Loan Advisor will be able to assist you in researching the eligibility requirements in your area. | | Local Idaho Home Loans is pleased to provide USDA rural housing loan assistance in the state of Idaho. Call us today 208-919-3248 or email at
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or apply for an USDA Idaho Rural Housing Home Loan a USDA Rural Housing Local Idaho Home Loans Specialist will call you shortly. |
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