USDA Home Mortgage Loans in Connecticut – Up to 100% Financing Available

Posted on July 6, 2017 · Posted in Connecticut First Time Mortgage, connecticut usda mortgage

 

USDA Loans In Connecticut

USDA stands for United States Department of Agriculture.  The USDA developed the rural development loan to offer homebuyers the opportunity to use the program to purchase a home with 0 money down (up to 100% financing for those that qualify).  USDA loans are not just for first time homeowners.  Some of the highlights of the program are:

 

-0% down

-Fico scores as low as 620

-No assets required

-You can have less than perfect credit history

-Low interest rates

-Debt ratios higher that conforming limits

-Program is available for more than half the homes in Connecticut

 

The USDA program can be used for those looking to by their first home or those who have previously owned a home and are looking to buy again.  For those that may not have had a perfect credit history or do not have 10 or 20% to put down on a house – this may be the right program for you.  If you would like to see if may qualify do not hesitate to reach out to me Craig Thibeau at 860-334-1354 or email me at craig@northest-mortgage.com.

 

 

craig picCraig Thibeau
Senior Loan Officer
North East Financial Middletown, CT
Ph 860-334-1354
NMLS  398576 Company NMLS 117273
craig@northeast-mortgage.com
www.northeast-mortgage.com