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100% tagged posts
I’m seeing contracts for real estate where the seller is being asked to pay the closing costs…and in effect the buyers are financing 100% of their real estate purchases. How is this still happening?Read More
USDA Home Loan Product- 100% financing
As a loan originator, I get lots of questions from home buyers and Realtors about 100% financing. After the recent home mortgage meltdown crisis, nearly all 100% financing options went bye-bye. USDA, however, did not! There are a few basic limitations, however. The main two are income limitations (maximum family income of a family 1-4 people is roughly $75000 in Indiana), and location (house must be located in an approved area). Here’s the link to the maximum income limits for Indiana: eligibility.sc.egov.usda.gov And here’s the link to see if the house you’re considering qualifies location-wise: eligibility.sc.egov.usda...
Mona And Angie Discuss What A USDA Guaranteed 100% Home Loan and The Advantages Of This Type Of A Loan