Monday, February 6, 2012

USDA and first time home buyer success

Just closed another first time home buyer sale. This is an amazing time to buy, so renters and buyers, call your favorite local agent now! Our clients were able to trade their 800 sq. ft. apartment and it's $900 rent payment for a 1700 sq. ft. home with only a $1000 payment. They closed with a USDA loan. Yes I said USDA! It is an excellent and unknown loan, typically used for rural community growth, however it has 100% financing, low rates and doesn't have the red tape and delays that FHA loans have. Check with your local loan officer, both the buyer and home need to qualify for USDA approval, however it is well worth it.

Congratulations Boe and Holly on your new home!

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