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USDA home loans available in Monroe

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SherryObermeyer View Drop Down
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    Posted: May 03 2014 at 2:38pm

Did you know that Monroe qualifies for a Government backed loan program, USDA, that offers 100% financing?  That means NO MONEY DOWN!!  

I have multiple listings in Monroe that meet the qualifications for this type of loan.  Please contact me for more details!  

Sherry Obermeyer, Realtor
HUFF REALTY, a Berkshire Hathaway Affiliate
6192 Muhlhauser Road
West Chester, Ohio 45069
Cell 513-304-9042
I-Fax 513-297-7465
http://www.huff.com/sherry.obermeyer - www.huff.com/sherry.obermeyer 
Oh by the way, I'm never too busy for any of your referrals!

http://sherryobermeyer.huff.com/for_sale/1400897_ml;1399567_ml;1398973_ml;1398139_ml;1396550_ml;1395650_ml;1393079_ml;1393059_ml;1388967_ml;1386768_ml;1383327_ml;1383031_ml;/price_dsort/

http://www.rurdev.usda.gov/HSF-About_Guaranteed_Loans.html

USDA Rural Development Single Family Housing Guaranteed Loan Program

Guaranteed Loans Offer Affordable Financing To Rural Homebuyers.

The mission of USDA Rural Development’s Single Family Housing Guaranteed Loan Program is to assist low to moderate income rural homebuyers achieve their dream of homeownership!

Rural Development partners with approved local lenders to extend 100% financing opportunities to eligible rural individuals and families for the purchase of safe and sanitary dwellings. Guaranteed loans have assisted thousands of homeowners to purchase a home with affordable interest rates and loan terms.

Applicants must purchase a home within the eligible rural areas, and have a household income that does not exceed the established limits where the home is located. Additional Guaranteed Loan Features include but are not limited to:

  • 100% financing, no down payment is required. The loan amount may not exceed 100% of the appraised value, plus the guarantee fee may be included.
  • Guarantee Fee applies: may be rolled into the loan amount.
  • Flexible credit guidelines. Non-traditional credit histories may be accepted.
  • Fixed 30 year interest rates apply. Lenders and applicants agree upon interest rate.
  • Qualifying ratios are 29% for housing costs and 41% for total debt. Lenders may request an exception to exceed these ratios when strong compensating factors are identified.
  • No maximum purchase price. Qualifying ratios and the applicant’s stable and dependable income will determine home affordability.
  • Eligible property types include existing homes, new construction, modular homes, Planned Unit Developments (PUD’s), eligible condominiums and new manufactured homes.
  • Eligible closing costs and lender fees may be included in the loan or paid by the applicant.
  • Gift/Grant Funds/Mortgage Credit Certificates (MCC’s)/Seller Concessions are allowed.
  • Eligible repairs and improvements may be included in the loan.
  • Applicants apply with an  http://www.rurdev.usda.gov/Sups/SFHGLDApprovedLenders.pdf - approved lender of their choice.
  • Not limited to first time homebuyers.
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jrock1203 View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote jrock1203 Quote  Post ReplyReply Direct Link To This Post Posted: May 05 2014 at 8:28am
How we bought ours! Smile
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SherryObermeyer Quote  Post ReplyReply Direct Link To This Post Posted: May 06 2014 at 3:51pm
Here is a link to the website to determine if the property address you are looking to buy qualifies under this program: 
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

***I just spoke to my Lender and this loan program will be expiring by September or October of 2014**

Please contact me if you are interested in purchasing a home using this no down payment program!

Sherry Obermeyer, Realtor
HUFF REALTY, a Berkshire Hathaway Affiliate
6192 Muhlhauser Road
West Chester, Ohio 45069
Cell 513-304-9042
I-Fax 513-297-7465
http://www.huff.com/sherry.obermeyer - www.huff.com/sherry.obermeyer 
Oh by the way, I'm never too busy for any of your referrals!


Sherry Obermeyer, Realtor
HUFF REALTY, a Berkshire Hathaway Affiliate
6192 Muhlhauser Road
West Chester, Ohio 45069
Cell 513-304-9042
I-Fax 513-297-7465
www.huff.com/sherry.obermeyer
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