https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp
Here are some bullet points for the program:
- No Down Payment required
- Minimum 620 credit score required
- Usually max 43% to 45% debt to income ratio
- Borrowers household income cannot exceed a certain amount set forth by USDA. This is also available in a search engine on the website I provided.
- 6% sellers concession allowed
- Available on purchase or rate and term refinance
- Available on primary residence only
- Available on single family or condos only
- Reduced Mortgage insurance as compared to conventional or FHA
If you have any questions or any prospective borrowers, please do not hesitate to contact me.
Have a wonderful day!
Thank You!
Dominic DiGrazio | Mortgage Loan Originator
Classic Mortgage, LLC
25 East Spring Valley Avenue| Maywood, NJ 07607
Main: 201-368-3140 ext. 30 | Fax: 201-909-5839
Cell: 973-356-5333
NMLS # 204838| Company NMLS # 31149
ddigrazio@classicmortgagellc.com
www.linkedin.com/in/dominic-digrazio-14373343/
Confidentiality Notice:
The information contained in the E-mail is privileged and confidential information intended only for the use of the individual(s) named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution, or copy of this communication is strictly prohibited. If you have received this communication in error, please contact the sender by reply E-mail and destroy all copies of the original message. Thank you.