- 100% loan to value
- Unlimited seller assist
- Finance closing costs up to the appraised value of the home
- 30-year fixed rate, no balloons, no prepayment penalties, no recapture fess, etc.
- FHA style home condition, insulation standards no longer apply!
- No limit on loan size up to $417,000
- No monthly mortgage insurance premium
- Flexible credit underwriting, income must be verified and qualify
Property Restrictions
For single family, owner occupied homes, not restricted to first time buyers but cannotown other real estate unless inadequate or for sale, half of a double/twin/duplex okay,
manufactured is not.
Geographic Restrictions
For towns with populations under 10,000, no flood plains. Eligibility website: http://eligibility.sc.egov.usda.gov Income Restrictions
Based on family size, family care expenses and county.
No comments:
Post a Comment