Do you have buyers that want to buy but may not have the down payment? Your clients may qualify for the USDA Loan. Below are a few of the duidelins for the USDA loan. Feel free to contact me if you would like more details. 602-531-7040 or jafonso@azhomerates.com 

620 minimum credit core

•· No down payment

•· Finance closing costs and pre-paids

•· Unlimited seller contributions

•· Unrestricted gift funds

•· 100 % LTV of appraised value

•· Guarantee Fee = 3.5% - One time fee, up-front at closing; May be financed into loan amount Above the Appraised Value **

•· No monthly MI premium

•· House located in a Rural Housing designated area

•· No other real estate owned

•· Full Documentation

•· Employment history (24 months) Ancillary income (24 months)- Bonus / Overtime / Part-time- SSI- Disability

•· Meet income requirements

•· Must be owner occupied/principal residence