FEATURED PRODUCT: USDA/RD LOANS

The US Dept. of Agriculture offers a great loan option for borrowers looking to finance up to 100% of the purchase price of the home. This loan is called the Rural Development Loan, and the payment is less than the CHFA!

Another benefit to borrowers is that the mortgage insurance (premium charged on mortgages over 80% financing) is lower than other loans at 0.04% of the original loan amount per year. The FHA is currently charging 1.25% per year.

This product is available for most of the areas in the state of CT & the maps will be changing soon, so now's the time to take advantage of this great loan product. There are generous income requirements and the loans are eligible for:

Single family homes in eligible towns with no in-ground pool, no in-law apartment with a separate entrance, no large outbuildings (barns), and no sub dividable lot.

Also low credit requirements, as low as 620 credit scores! This is really an ideal loan product for most borrowers and a better option a lot of times than the FHA loan. I'm inviting @CT Real Estate and @Real Estate to contact me with questions!

If you're interested, give me a call today, it's free to prequalify! and during the month of January, I'm offering free appraisals!