100% Financing Available – USDA Loans

By bohannon • April 16th, 2009

Looking to finance 100% at a great interest rate….now you have options. Your very own Department of Agriculture is offering $16 billion in funding for home loans rural areas. Surprisingly, some areas of Hillsborough County and Pasco County qualify as rural areas. Homes in New Tampa, Wesley Chapel, Land O’Lakes, Lutz and other areas may qualify. To see if a specific address is eligible, go to this page:

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do 

(click on Single Family Housing on the left, then enter the address)

The USDA Rural Development program has a set of eligibility standards to determine if you qualify based upon the county and zip code the home resides in, your current income and credit history, as well as the number of dependents you claim.  USDA guidelines are very specific, and only certain lenders have certification and experience dealing with USDA government financing. Contact Team Bohannon at Coldwell Banker for a list of our go-to lenders for USDA Loans.

Comments(1) Buying a Home, Financing

« Tampa Condo Market Turns The Corner? | Home | Pasco County prices Down 57.3% »