Connecticut USDA Mortgages For First Time Home Buyers?

Posted on March 2, 2018 · Posted in Connecticut First Time Mortgage, connecticut usda mortgage

USDA Loans

 

 

USDA loans are a great option for many Connecticut Residents. The “Rural HousingUSDA Loan is a true 100% financing program federally insured by the US Department of Agriculture. It is called a Rural Loan by the USDA because it is handled by the Rural Development Department.

 

USDA loans have very attractive features for homebuyers:

 

  • $0 down payment. 100% purchase program

  • Low monthly mortgage insurance compared to other mortgage programs such as FHA

  • No asset requirements/ reserve requirements

  • Low interest rates

 

You do have to meet a few qualifications in order to get a USDA loan:

 

  • The property has to be in an eligible area.

  • The program has income limits.

 

USDA loans are sometimes overlooked because they are believed to be just for rural properties. Much of Connecticut is eligible for USDA loans.

 

If you have any questions or to see if you qualify please contact me today.

 

 

Thank You,

 

walsh

Patrick Walsh
Mortgage Loan Originator/NMLS 99004
860-213-1398
Patrick@northeast-mortgage.com
210 S. Main St Middletown, CT 06457

Company NMLS#117273 

https://www.linkedin.com/company/north-east-financial

https://www.facebook.com/pages/Northeast-Financial-Mortgage/143761005796033