Aside from the weekly rates report, Knightlines Mortgage Services, LLC will be posting weekly the different mortgage products that still exist. They will range from commercial to residential to hard money to financing strategies.
This week, we will start with the ever popular USDA 100% Program. Here are a quick highlights on the program:
- 100% Financing
- Seller Concession of up to 6%
- No PMI
- No Reserves Requirement
- Can Substitute Schooling for Experience
As with any program, there are guidelines and requirements that must be met. With the USDA 100%, a borrower has to meet certain income levels while staying below a debt-to-income level threshold. The property that is being purchased even has restrictions that are determined by geographical location.
To find out more about the USDA 100% Program, call us today at 352.308.7219 or click to Apply Now.
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