My vote goes to USDA!
No minimum down payment
- 1/3 the monthly cost of FHA’s monthly mortgage insurance (calculated at .3% of the sale price or loan amount annually – paid in 12 monthly installments, and included in the total payment)
- 30 year fixed rates currently in the high 3′s -low 4′s! (Revised March 2013: Rates are in the low LOW 3′s!)
There are geographic and income limitations – but both are relatively liberal.
- USDA’s property location eligibility search engine is a great tool, to see if your preferred area or address is eligible for USDA financing. You might find my quick video tutorial a good reference for how to navigate the USDA website.
***If it’s easier for you to call or email me with MLS (Property Listing) numbers or addresses – to search them for you, I am always happy to help.
Happy house hunting!
|Tom Pessemier| MLO 117989 Mortgage Advisor|
|Office 425.224.8331Mobile 425.780.6374 or 253.307.7907Toll Free 888.618.8007 x 8331|
|Fax 888.502.3057 | TPessemier@MAGLoans.net|
|15117 Main Street, Suite B106 | Mill Creek, WA 98012 | CL-36212|
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