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USDA Rehab Loan
USDA Rehab Loan provide the option of a no money down financing that covers the value of the property plus the cost of renovating the home. Below are a few facts about the USDA Rehab Loan, for more information don’t hesitate to fill out the form above and a loan officer will guide you thru the process.
- – USDA loans are for rural areas but many semi-rural areas also qualify, if you are not sure about your area qualification contact us today.
- – The minimim FICO score required is 620.
- – It can only be done for primary residences.
- – Must have the ability to fianance the renovation cost, less than 10% of appraisal value of $10,000.
- – The home repais must begin after closing so that there are no delayed funds for the seller.
- – The construction job must be done by a general contractor.
This program can help people with low income and low credit. This a special opportunity to get 100% financing!
If you are interested in learning more or starting the usda renovation loan process, contact us by filling out the form or calling us today!