If you think that mortgage rates are low, just wait until you hear how much more you can save (and afford) with the new Rural Development loans available through USDA.
USDA Rural Development loans are designed to open the door to homeownership in rural areas. This loan is designed for low to moderate income families. The Freeman/Davis team of lenders originates these loans and they are guaranteed by the USDA. As of January 10, 2009 the income limit for a family of 2-4 is $86,100 and for a family of 5-8 it is $106,750. This loan requires “0” money down and there is no monthly private mortgage insurance. Rates are very attractive (5-5.5%) and the seller can pay up to 6% of the closing costs for the loan.
Currently you can obtain this USDA Rural Development loan on properties located in Clayton, Wendell, Knightdale, parts of Wake Forest, Fuquay Varina, Youngsville and other surrounding areas.
To look for your new home in a USDA Rural Development area, contact the Freeman/Davis Home Team at www.HomeSearchRALEIGH.com, www.FreemanDavisHomeTeam.com or simply call us at 919-649-6638. We’ll prescreen your selections, assist you with financing and most of all, help YOU make Good Decisions.
Beef…It’s what’s for dinner and these mortgage programs from USDA will have you in a new home AND eating steak!