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Yes, you read that correctly, even in today’s market of strict financing guidelines there is still an option for first time home buyers to obtain 100% financing on their new home purchase.  Here’s the best part:  Whether you are a first time homebuyer or even a previous homeowner looking to purchase a home for primary ownership use, you can still qualify for this tremendous government insured mortgage at 100% USDA Financing.  With first time home buyers having a second chance at receiving the $8,000 tax credit and now an option for others to possibly get up to $6,500 there isn’t a better time to take advantage of this, all while getting a 30 year fixed rate mortgage with today’s historically low interest rates.  Some of the financing program highlights for all buyers are as follows:

100% USDA Financing:  United States Department of Agriculture

• 620 Minimum Credit Score
• Available for Existing, Owner-Occupied Single Family Residence, 2 Unit properties (duplexes), PUDs, Condos, REO properties, and Manufactured Homes
• Borrower Does not have to put funds down, 100% financing allowed
• No cap of Seller Concession for closing costs or rate buy downs, allowing you to finance all closing costs as well
• NO Monthly Mortgage Insurance (PMI)
• 30 Year Fixed Rate Mortgages Only
• No ARM’s or Balloon Payments
• No Pre-Payment Penalties
• CLICK HERE to see if your area or specific address of your future home qualifies for 100% USDA Financing.  If not, don’t worry.  Ask us about our very exclusive FHA loan product that is not area specific.
• We specialize in the following states:  Florida, Delaware, Georgia, Maryland, North Carolina, Pennsylvania, Virginia

This product is only available in specific locations throughout the US as well as an income bracket determined by the amount of household members a family has.  We have assisted hundreds of clients with this product and along with the tax credit program it is making thousands say that there truly isn’t a better time to buy!  Call Mike at (908) 797-2908 or send him an e-mail here for a free consultation on how you can obtain 100% USDA financing on your home.

For prequalification purposes, please download the following form, fill out, and send back:  PREQUALIFICATION FORM

Once you are notified of the prequalification approval, please fill out the following form and submit all information that pertains to you and fax to 888.336.8030:

Full Doc Requests Form

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Since 1992, Mortgage Professionals, Inc, our in-house and preferred lender, has established long lasting reciprocal relationships with some of the largest lending institutions in the world.  Our expertise is offering construction financing and bridging it to your permanent loan.  Whether your intentions are to build a home, buy a pre-existing home, refinance, pull equity in the form of a HELOC, or any other real estate related loan, Mortgage Professionals, Inc is at the top of the industry with an exclusive portfolio of loan products.  Currently licensed to lend in Florida, North Carolina, Georgia, Virginia, Delaware, and Pennsylvania.

Mortgage Professionals, Inc predicates their business on construction financing.  If you are looking to purchase a home through construction, our Loan Officers would submit for an end-loan commitment based on your qualifying criteria.  Upon approval for the end loan (your typical 30 year amortized mortage), Mortgage Professionals, Inc would offer the construction funds based upon your upfront “end-loan” commitment and work directly with the builder to produce a time efficient product.  We work with credit challenged borrowers with FICO minimum of 620+.

Mortgage Professionals, Inc. offers construction to permanent loans for the following loan programs:  Maximum loan is $250,000

• USDA which stands for United States Department of Agriculture:  A USDA Home Loan is a guaranteed 100% Government insured purchase loan.  These loans are only offered in rural area’s and serviced by lenders that meet federal guidelines.  You would be surprised how many homeowners mistakenly assume their area does not qualify under RURAL location.  Click Here to find out if your address qualifies for USDA financing.  Under the terms of the program, an individual or family may borrow up to 100% of the appraised value of the home, which eliminates the need for a down payment.  Since a common barrier to owning a home for many low-income people is the lack of funds to make a down payment, the availability of the loan guarantees from the Housing and Community Facilities Program (HCFP) makes the reality of owning a home available to a much larger percentage of Americans.  USDA loans are also available to credit-challenged borrowers

• FHA which stands for Federal Housing Administration:  An FHA home loan is ran several ways and is designed to promote home ownership.  In most cases, FHA loans are mortgages obtained with the help of FHA.  With a small down payment, typically 3.5% of the purchase price, buyers can purchase a home.  FHA loans make it easier for people to qualify for a mortgage.  FHA loans are available to credit challenged borrowers.

• VA which stands for Veteran’s Assistance: A VA loan is guaranteed b the U.S. Department of Veterans Affairs.  The loan may be issued by qualified lenders.  The VA Loan was designed to offer long-term financing to American veterans of their surviving spouses (provided they do not remarry).  The basic intention of the VA home loan is to supply home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment.  VA Loans allows veterans 100% financing without Private Mortgage Insurance or the necessity of any 20% second mortgage.

• Conventional Home Loan : A conventional home loan is a private sector loan, one that is not guaranteed or insured by the U.S Government.  Although a conventional loan is not insured or guaranteed by the government, it can still follow the guidelines of government sponsored enterprises such as Fannie Mae or Freddie Mac as both Fannie and Freddie are stockholder-owned corporations and are not part of the federal government.

Give us a call at 877.688.7582 or Contact Us through e-mail to discuss further details.

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