Professional Mortgages, Inc., one of Washburn Real Estate, Inc.’s preferred lenders is currently offering a 100% financing loan program with no Private Mortgage Insurance, commonly referred to as PMI or MIP, for qualifying buyers. This can help save you on average from $60 to $120 per month when not putting at least 20% down on your mortgage.
These Government insured loans from the USDA are very attainable and are excellent for first time home buyers who don’t have a lot of extra money to put into a down payment or for folks who don’t exceed the specified income limits for our area:
Maximum household income limits for Rutherford County in 2008 are as follows:
- 1 person: $49,550 per year
- 2 person: $56,600 per year
- 3 person: $63,700 per year
- 4 person: $70,750 per year
- 5 person: $76,400 per year
- 6 person: $82,050 per year
- 7 person: $87,750 per year
- 8 persons and larger: please inquire with one of our Rural Development Loan Program Mortgage Specialists
If you’ve been on the fence or have been questioning whether purchasing a new home, your first home or if you’ve been wasting money each month on rent, then please inquire about this special 100% financing program.
For less than $20 (the cost of the mortgage specialist pulling your Tri-Credit report) you can be on your way to owning your own home with essentially no money down. There is no required down payment with the USDA Rural Development Guaranteed Loan Program: click here for more details on the USDA Rural Development website.
All Professional Mortgages, Inc. loan officers and many of our Washburn Real Estate, Inc. agents have used this program many times in the past and will be happy to provide testimonials and contacts of previous clients that have used this program who can testify to how awesome it really is.
On a side note, Professional Mortgages, Inc. have been awarded as the #1 Volume Brokerage for USDA Rural Development Guaranteed Loans in NC for the previous two years as a result of their specialized use of this program and are your absolute best assets when looking for a sound, fixed-rate loan. In a time when many lenders have shut down or led buyers astray you need a trusted and experienced mortgage company working with you during your purchase.
Click on the Finance tab of our Washburn Real Estate, Inc. website and use the contact information to talk with a financing specialist today.
