Low Cost USDA Home Loans

Are you’re tired of the hubbub of urban life and yearn to move a little more into a country setting where it’s a tad more serene?

You don’t really need much money to do it you know.

In case you aren’t aware, there’s a thing called a USDA Approved mortgage loan that  finances up to 101% of the purchase price of rural CT properties and allows a whopping 6% sellers concession for closing costs (meaning it won’t cost you much money to purchase at all)! The rural property must be a single family residence and must be owner occupied, but you may still own another home as long as it is not within your local areas commuting distance. These loans are tailored for properties up to $424,100 and only require the applicant to have a minimum middle FICO credit score of 640!

There are many Connecticut areas that are considered rural by the USDA and you can click here to view them. In some instances, there may be area eligibility income limitations, but these are rare.

If you are interested in a USDA Home Loan and would like professional assistance with these types of properties to see if you may qualify, please contact Global Unity Mortgage at globalu@sbcglobal.net or 860-872-9479. They are local CT Brokers and will be happy to assist you with any questions you may have.

They can even recommend realtors who know these types of properties and will be happy to help you find one of your liking in a USDA Loan approved area!

 

So good luck in your search for your “residence of serenity” and hope this information opened new doors for you!!

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