What’s the Best Mortgage Loan Available Right Now?

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!

My Web Links:

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