01/16/2022
USDA DIRECT LOAN PROGRAM!!!
Did you know you could possibly buy a home while making $14-15 a hour and low income can actually be a positive for qualifying for this loan?
I’m talking about the USDA DIRECT LOAN!
(A property must be located in an eligible RURAL AREA to meet Rural Development's property requirements!) Can be used in all 50 states!
Get this, one of the qualifications for this loan is that you pretty much have to be in POVERTY!? Yup you read that right, this loan is for the working POOR!! Meaning you can use your food stamps to qualify for this loan, wow my favorite OPM!! So with this loan here are just a few things you can possibly look forward to, All clients will have different results based on their application and qualifications or the lack there of. Here are some things that will make you want to do more research on this loan:
-Government can subsidize Mortgage by almost 35%
-Can possibly pay interest rate of 1%
-Can possibly be paid over 38 years
-If you have a disability or receive SSI you automatically qualify for the 1% interest rate
-You can use this loan to Buy, Build or Refinance a home
I mean I can go on and on but I’d rather you go do your research on this loan or you can always book a consultation with us at Chics Buy Homes!
Here are a few links to help you guys get started on your journey, MAKE SURE YOU GUYS DO YOUR OWN DUE DILIGENCE when applying for these loans and grants!
Search RD Eligible Areas:
https://eligibility.sc.egov.usda.gov/
Check Income Limits in Your Area
https://eligibility.sc.egov.usda.gov/
Rural Development Single Family Housing Direct Loan Program
https://www.rd.usda.gov/sites/default/files/RD-DirectLimitMap.pdf
Single Family Housing Direct Home Loans in (Pennsylvania)
https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-direct-home-loans/pa
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