First Time Home Buyers Loans

• 100% Govt Financing – Rural Development Guaranteed Loans

• Home Improvement

100% Government Financing

The United States Department of Agriculture (USDA) Rural Development provides a guaranteed loan that allows home buyers to receive a 100% financed loan with no mortgage insurance premiums. Loans can be used to build, repair, or renovate a home, and are designed to help those who cannot get conventional financing.

Eligibility

Guaranteed home loans may be made to applicants who:

• Meet moderate income limits.

• Have acceptable credit history (generally a FICO score greater than 580).

• Have the ability to repay the loan.

• Are a US citizen or permanent resident.

• Are 18 years of age or older.

Loan Basics

• 30-year fixed rate.

• Fixed interest rate.

• No mortgage insurance.

• Can finance 100% of appraised value.

• Allows financing for repairs that are up to 100% of future appraised value.

• The home must be located in a qualified area as determined by the USDA.

How To Get Started

To get started, complete this form and then contact us at info@bestyetmortgage.com

Get the FHA Disclosure Packet here.

Home Improvement

A loan from the US Department of Housing and Urban Development encourages community development by providing homeowners a means to make home improvements. Funds can be used for replacing or repairing a roof, adding siding to reduce energy and maintenance costs, repairing or replacing electrical or plumbing systems for safety or energy saving reasons, or even painting a home. Many lenders do not offer FHA loans or understand government loan financing. But because of our expertise, many people we finance never have to pay appraisal fees or other loan costs. Trust the experts at Best Yet Mortgage.

Eligibility

Loans may be made to applicants who:

• Are at any income level.

• Are current owners or first time home buyers.

• Own a one to four family dwelling (single family, condominium, townhouse or 1- to 4-unit buildings).

Loan Basics

• Borrow up to 97% or 100% of the home's "After Improved" value.

• 30-year fixed rate financing.

• Low interest rates.

• Pays up to 50% of all deferred materials cost prior to starting.

• Loan backed by the federal government.

How To Get Started

To get started, complete this form and then contact us at info@bestyetmortgage.com.

Get the FHA Disclosure Packet here.

This is not a commitment to lend. All loans are subject to credit and property approval. Program terms and conditions are subject to change at any time without notice. Not all products are available in all states for all loan amounts. Other restrictions and limitations apply.

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