That is right residents of Eustis, Tavares, Mount Dora, and Lake County!!! Knightlines Mortgage Services, LLC is still able to close on USDA Guaranteed Home Loan Mortgages.
I have heard it more than enough times that USDA has run out of money for this program until Congress grants them more money. What this really means is that it is up to the individual bank if they want to fund the deal on their own tradelines, or wait till the money is given. The banks that choose to fund are still protected by USDA in case of default on the loan. The banks that do not fund are doing so because they either do not have their own tradelines or would rather use their lines to purchase other mortgages that they can sell immediately.
What does this mean for you? This means that if you are found to be in a USDA approved area, you qualify for:
- 100% Financing – No Down Payment
- No Mortgage Insurance
- Up to 6% in Seller Concessions
- If appraisal is greater than purchase price, then closing costs may be financed
- No Minimum Credit Score – All applications are manually underwritten
- Not limited to first-time buyers
To find out if you qualify for a USDA Guaranteed Home Loan Mortgage, call us today or complete our application online now. Home prices are low. Interest rates are low. Now is the time. What are you waiting for? Act today.
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