Michigan homebuyers looking to purchase a home in rural or suburban areas have a unique financing opportunity through the USDA Mortgage Repair Escrow Program. This specialized program allows you to buy a home that needs repairs while financing both the purchase price and renovation costs into a single, zero down payment loan. The USDA Repair… Read more »
USDA Lowers Fees for RD Loans Great news for homebuyers considering a USDA rural development home loan (RD Loan)! The already popular zero down mortgage is getting even better. The USDA announced this week that they will be decreasing both the upfront guarantee fee—a closing cost which is financed into the total loan amount at close; and… Read more »
The National USDA Office in Washington DC has confirmed that they will be using 2010 Census data to update the USDA Rural Development program eligibility maps. Current USDA maps are based on the dated 2000 Census data. This change will not take effect until October 1st, 2014 however the changes will affect many areas nationwide… Read more »
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