100% Financing - Prestige Home Mortgage

USDA Rural Development Loans

Don't have down payment required for FHA and Conventional loans? We offer competitive 33 year (38 subsidized) fixed rates and no monthly mortgage insurance allows you affordable payments. No down payment and no cash reserve requirements helps you get into a new home. No maximum purchase price or mortgage limit applies.*

The USDA Rural Development program supplies $16 billion in funding to Americans in rural areas. Millions of people may qualify for different types of USDA rural loans, more families are turning to USDA Loans as a lending solution. Most people in rural areas qualify for USDA loan benefits, but people living on the outskirts of a city or in a medium sized town may also qualify. Some of the eligibility standards that determine if you qualify for a USDA loan for your home include what county and zip code the home resides in, your current income and credit history, as well as the number of dependents you claim. Find out if you qualify for a USDA Home Loan by calling us at 541-598-8888

Here's some of the benefits of the USDA Rural Loan program;

No monthly mortgage insurance premiums (MI).
Maximum loan amount is the appraised value plus a onetime guarantee fee of 2% (up to 102% loan to value).
No cash contribution or cash reserves required from applicant.
Unrestricted gifts, no need to document source of money.
Non-traditional credit may substitute for lack of traditional credit history.
Better rates than Conventional and FHA loans.
Not limited to first-time home buyers.
Agency guarantee commitments are issued within 1-2 business days of receipt of the complete package.
You must occupy the property as your primary residence.
Be a U.S. citizen, a U.S. non-citizen national or a qualified alien.
Have a credit history that indicates a willingness to meet obligations as they become due.
Purchase a residential property that is within the rural development rural areas.
Rural Rental Housing Loans
Rural Housing Construction to Perm Loans
Sweat equity allowed with construction loans.
CALL Michael S. Torres @ (541) 598-8888 today for easy qualifying information.

The following links are direct information from USDA Rural Housing Deptartment:

Single-Family Housing

Multi-Family Housing

* Only available in specific counties.