I hope that downpayment doesn't stop you from buying.. you can still buy with 100% financing, but not many lenders are offering this program, and several agents aren't even aware of it. It is very much alive in most of our rural areas.. read on!
I have had manytransactions where the buyer has utilized 100% financing options through the United States Department of Agriculture. I believe that this is the best loan available for single family properties in rural communities. Some of the features that have made this loan increasingly more popular are:
1) Low Fixed Rates
2) No Monthly Mortgage Insurance
3) No Reserve Requirements
4)The ability to do escrow hold backs for failed septics.
5) Lender orders the appraisal directly
6. Down to 600 credit score
As of April 20th the income limits have changed. Families with 1-4 members in Bristol County can make up to $84,150. Families of five or more can earn up $111,100 and still qualify for the loan.
Not all mortgage lenders offer this loan. Contact me today and I will put you in touch with a few lenders that are approved by USDA who offer this program and to see if you qualify. 508-878-0917. email: lorilincoln@kw.com
" If you never take any shots in life.. you WILL miss 100% of the time"
If you are looking to buy in any of the following areas.. Dartmouth, South Dartmouth Westport, Acushnet, Swansea, Dighton, Rehoboth, Berkley, Rochester, Plymouth, Wareham, Mattapoisett or Freetown call me today. And Please don't hesitate to contact me if you have any questions regarding this e-mail or any other real estate question.
FREE MLS Search: http://bristolcountyhometeam.com
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Lori Lincoln is an educator and consultant to buyers and sellers and is associated with Keller Williams Realty. As your trusted source and market leader in Bristol County Massachusetts, Lori puts her clients interests first and produces results for them.
Lori Lincoln
Keller Williams Realty
http://LincolnTeamRealEstae.com
Taunton Area Real Estate- Keller Williams Realty/Lincoln Team 
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