Friday, February 10, 2012

USDA is a Fantastic Option for 100% Financing

The shaded area on the maps show which area’s are not in a designated area, the surrounding area’s are. There are income limits, but when you read the median income remember kids are persons. So we can count the entire family and use the higher income limits. Child care expenses are annualized and deducted from the income which can help a higher income borrower qualify. And children under 12 are giving a credit back to help decrease income levels.

Here is a link that is super easy to use. For property eligibility click single housing and enter in the address. It will either tell you it IS eligible or it IS NOT.

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

Brad
https://lo.primelending.com/barendt

Debbie
https://lo.primelending.com/dowens