Purchase Loan Refinancing Home Equity Mortgage Planning
Work:
C2 Financial Corp 13011 Spring Hill Drive, Spring Hill, FL 34609 (352)5962323 (Office)
Experience:
14 years
Description:
We are a local lender specializing if First Time Home Buyers in Spring Hill Florida, Brooksville Florida, Wesley Chapel Flordia and the surounding areas. We offer the USDA Mortgage Loan with 100%, zero down payment mortgage for first time home buyers or your next dream home. Who Qualifies for a USDA Mortgage? USDA mortgages are a zero down program available to borrower whether you a first time home buyer or just buying the next dream home. The eligibility standards that determine if you qualify for a USDA loan include the county and zip code the home resides in, your current income and credit history, as well as the number of dependents you can claim. It is required to have at least a 620 FICO score to obtain an approval. The total debit to income is capped at 45% with some lenders allow as high as 50%. If you have filed for bankruptcy or have a short sale or foreclosure on your credit report you must wait at least two to three years and have re-established credit to qualify. Maximum USDA loan income limits is another factor in qualifying, your income can not exceed 115% of the median income for the area. The advantages of a USDA mortgage are ZERO DOWN, great interest rates, and no mortgage insurance (MI). You may roll in your closing cost if the property appraises for higher then the contract price. Because these guidelines are very specific, it is important to work with a company that has experience dealing with USDA Home Loans to help determine your eligibility. Apply on our secure web-site click on the link below. You may also reach us by phone @352.596.2323 Click on the Link below to apply on our secure on-lin application-