You get flexibility and great rates with USDA Guaranteed Rural housing loans. These programs are geared toward homebuyers who live in rural areas of the Country and who have little to no money to put down. USDA rural housing programs offer flexible underwriting guidelines, easy credit requirements, no PMI (private mortgage insurance), the ability toroll closing costs into the loan , no limit on seller concessions, and great low rates!

Call a Vanguard Loan Specialist at toll free 866-839-7288 or 505-286-3071 to see if your area or property is eligible for USDA rural housing loans. A Vanguard USDA rural housing Loan Specialist will research your property and determine if both you and the property will qualify. You may also check the USDA web site to confirm the property eligibility and income limits for your property and area. USDA Guaranteed Rural Housing (GRH) loan programs are the best 100% mortgage financing options out there! Give Vanguard Mortgage Services a call today for more details.

Outside the Albuquerque Area call Toll Free 866-839-7288
Within the Albuquerque Area Local 505-286-3071
Your Local Experts!

 

USDA Rural Housing Loan Program Highlights:

• Loans may be for up to 102% of the appraised value or sales price (whichever is lower). A one time 2% guarantee fee can be included in the loan which is how the loan can go up to 102%. This feature allows buyers to finance this expense into the loan amount versus paying it out of pocket.
• No PMI (private mortgage insurance)
• Secure, fixed-rate 30 year mortgages
• Sellers can assist with paying the buyer’s closing costs
• Little cash reserves needed for qualified borrowers.

Partial List of Eligibility Guidelines for USDA Rural Housing Mortgages

• Homebuyers must be United States’ citizens, qualified aliens, or legally admitted to the U.S. for permanent residence.
• Adjusted annual household income cannot exceed the moderate income limits for the area. A family’s size and child care considerations may increase chances for qualification if deductions are applicable.
• Primary residences only
• Home must be located in rural areas. This may include open country, and places with populations under 25,000 residents. A Vanguard Mortgage Loan Specialist will be able to assist you in researching the eligibility requirements in your area.