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Home Financing Options – How to Finance a Home Purchase #boat #loans

#home financing

Home Financing Options

By Brandon Cornett | 2015, all rights reserved | Duplication prohibited

to see how much you can afford.

This article explains the financing options that are available to a first-time home buyer. We will talk about the different ways to finance a home, the pros and cons of each method, and other important topics for buyers.

Home Financing Defined

Within the context of this article, home financing refers to the mortgage loans people use to buy a house. This is one of the most important topics a first-time buyer must understand. It’s also where a lot of people make big mistakes, by choosing the wrong kind of loan for their situation.

With that basic definition out of the way, let’s talk about the different types of loans you can use to finance your home purchase.

Different Ways to Finance a Home

Understanding your home financing options is the first step to making a smart choice. So before we go any further, we need to talk about the different kinds of mortgage loans that are available to you. These days, most home loans fall into one of two categories. They are either fixed- or adjustable-rate mortgages. The primary difference between them has to do with the interest rate, and how it behaves over time.

With a fixed-rate mortgage loan, the interest rate you have at the beginning of the loan is the same rate you’ll have at the end of the loan (when you either sell the house, refinance the mortgage, or pay the loan off entirely). This is the primary benefit of this financing option — there are no surprises later on down the road. The initial rate you obtain follows you for the entire life or term of the loan.

Here are some related articles to help you learn more about this topic:

As the name implies, an adjustable-rate mortgage loan (ARM) works much differently. With this home financing strategy, the rate will change at a specific interval — usually every one to five years. When used properly, an ARM loan can save you money in the short-term. When used incorrectly, they can bring a lot of risk into the equation. Adjustable mortgages are rarely a smart option if you plan to stay in the home for a long time. In that kind of long-term scenario, a fixed rate loan is a better financing option for you.

Most of the adjustable mortgages in use today start off with a fixed rate for a certain period of time. After that introductory stage, however, the rate will begin to adjust or reset at specific intervals. Because of this, they are also referred to as hybrid loans. A person who only plans to live in a home for a few years might use an ARM loan to save money in the short-term. But once you get past the fixed stage of the loan, you have no idea what the rate will do (aside from changing in some way). If the rate adjusts upward by several percentage points, it could significantly increase the size of your monthly payment.

Remember, the interest rate is part of your overall mortgage payment. So when it goes up, your payment goes up as well. Depending on how much the payment increases, this could make the loan unaffordable for you. This is a very real risk that comes with this particular home financing option, so it’s a risk you need to take seriously.

If you think you might use an ARM loan to finance your home purchase, you have plenty of homework ahead of you. Here are some related articles to get you started:

Many first-time home buyers use FHA home loans as a financing option, and there are several key reasons for this. For one thing, a home buyer who uses an FHA loan can make a smaller down payment (when compared to someone who uses a conventional loan). Generally speaking, FHA mortgages are easier to qualify for, as well. This makes them popular among people with less-than-perfect credit. These two factors combined to make the FHA loan one of the most popular home financing options for first-time buyers.

If you want to finance your house with this type of loan (or simply learn more about it), you’ll find the following articles helpful:

Choosing the Best Option

These are some of the different ways you can finance a home purchase. So which option is right for you? In reality, there is no way I can answer this question for you, because I simply don’t know your situation. Depending on (A) your long-term plans, (B) your financial situation, and (C) your level of qualification, one financing option may be better than another. What you must do, as a home buyer, is learn about the pros and cons of each strategy. Once you do that, one option should emerge as the obvious choice for you.

For example, we talked about the primary differences between fixed and adjustable-rate mortgage loans. If you plan to stay in the home for many years, the fixed-rate loan is probably the best option for you. This method of home financing gives you the most predictability over the long term. No matter what happens with the economy, you’ll know that your interest rate will always stay the same. On the contrary, the interest rate on an ARM loan will change periodically. So it might not be the best finance strategy for a long-term stay. This is a prime example of choosing the best type of mortgage based on your particular situation .

This is obviously a top-level guide to home financing options, and that was my purpose. I wanted to give you a brief overview of the various ways to finance a home, and then provide you with some links to related information. I’ve hand-picked a few articles that will make a good follow-up to this one, and I highly recommend you read those as well. You can find these articles through the hyperlinks spread throughout this lesson.

I hope you’ve found this guide to home financing options helpful, and I wish you well in your future real estate endeavors.

Financing Your Collector Car #pioneer #loans

#classic car loans

Lenders are making it easier than ever to get behind the wheel of your dream machine

Contrary to what members of the general public must think, most enthusiasts don’t build their collections by cruising the big-dollar auctions in search of only the most perfect and desirable cars, throwing greenbacks around in front of the television cameras. No, the majority of us just don’t have that kind of a budget for our hobby, if we have a budget at all. With our modest disposable income, we buy restoration candidates rather than finished cars–sometimes because we get great satisfaction out of the work, but other times because there’s no other financially feasible way in. Or we may learn to love that rusty six-cylinder, four-door sedan, though we lust in our hearts for the pristine V-8-powered convertible that lies far beyond the reach of our savings accounts.

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For most of the history of the collector-car hobby, that’s the way it’s been: Your choices have pretty much been shaped by the diameter of the bankroll in your pocket. But a growing number of collectors are turning to a new alternative, signing on the dotted line for loans of anywhere from five to 12 years to get into the driver’s seat of their dream cars right now. Over the past several years, a number of lenders have begun offering specialized collector-car financing, catering to the needs and interests of collector-car fans. You supply the good credit rating and your John Hancock, and they’ll do the rest.

“Americans like to leverage their credit,” said Mark Schechter, vice president of Woodside Credit of Newport Beach, California, which advertises itself as the fastest-growing collector-car lender in the U.S. “There are far more people who can enjoy the hobby with attractive financing. It’s fun to support the hobby. We’ve seen it grow tremendously.” Since the company began offering loans in the summer of 2003, “it’s been good. We’ve grown tremendously year after year,” Schechter said.

So, who’s doing the borrowing? The younger generation of car enthusiasts, apparently. “For older collectors, it was a cash hobby. They believe that if you can’t pay cash for something, you shouldn’t be in it,” said McKeel Hagerty, chief executive of Hagerty Classic Insurance of Traverse City, Michigan, which partnered with Woodside in July 2005, to offer financing to its customers. “People in their 30s and 40s are more comfortable making payments for everything, frankly. There seems to be a psychological difference.” Hagerty knows that at least 10 percent of the 500,000 vehicles his company currently insures are financed. “We know that it could be as high as 20 percent, and our guess is that the world is sort of changing.”

Companies like Hagerty and Woodside were reacting not only to this perceived shift in the attitudes of the nation’s estimated 3 million to 4 million classic car fans, but to the general unavailability of loans for collector cars, as well. Generally, in the eyes of traditional lending institutions, cars are things that depreciate as they get older, which means that the older the car, the shorter the term and the higher the interest. In fact, many flatly refuse to consider loaning money for the purchase of any car more than eight or 10 years old. “If you call your local bank and say, ‘I want to finance a 1932 Chevy,’ they’re not going to have any idea of what it’s worth, so they’re probably going to say no,” said Mark Hyman, whose collector-car dealership, Hyman Ltd. Classic Cars of St. Louis, Missouri, sells about 300 cars a year. “Most local banks aren’t prepared to loan against vintage vehicles.” The exception seems to be the small, local bank that knows its customer well, and will consider making the loan on the customer’s ability to pay, rather than the market value of the car.

Because banks so often say no, collectors who have needed to finance their purchases have generally turned to that great, gushing money fountain known as the home equity loan. Consumers have tapped the paper appreciation of their homes’ values to pay for everything from plasma TVs to laser eye surgery, so why not the occasional De Soto or Thunderbird? “Initially, business was quite slow,” Hagerty said. “We’re all fighting against the almost free money that everybody’s been given in the form of equity in their homes over the past few years. As interest rates have started fluctuating back up and getting more, shall we say, sober, we feel that the time is right for this (collector car) product moving forward.”

Home equity loans can offer attractive interest rates, as well as the benefit of tax-deductible interest. There are drawbacks, too. Using a home equity loan to buy a car ties up funds that might otherwise be used for a kitchen remodeling or other project that would add value back into the home. Then there’s the wisdom of using your greatest asset, your home, as collateral for your hobby. Default on a car loan, and the car is at risk; default on your home equity loan, and things get more serious. And home equity loans are often at a variable rate, compared to the fixed rate, simple interest loans that classic car lenders offer.

The kinds of cars these companies are writing paper for might surprise you. Though all offer loans of a half-million dollars or more, the average loan is solidly in five-figure territory. Hagerty estimated that most of his company’s loans are in the $30,000-$100,000 range; Albert Maranda, finance manager of J.J. Best Banc Co. of New Bedford, Massachusetts, one of the country’s leading classic lenders, puts the average amount at $20,000. In fact, J.J. Best and Classic Car Financial of Bedford, New Hampshire, will be happy to make loans of as little as $6,000, while Capital One Auto Finance of Plano, Texas, sets its minimum loan at $7,500. For Hagerty and Woodside, the minimum loan is $10,000.

Lenders are comfortable offering generously long terms, up to 12 years in the case of Woodside, Hagerty and J.J. Best. Why? Because, generally speaking, these companies know that collector cars increase in value over time, reducing the risk in lending. “A $50,000 loan with Woodside is $600 per month, because of the long term,” Schechter said. He noted that Woodside’s founder, Roger Kirwan, pioneered this type of loan in 1980, helping customers buy recreational vehicles with loans of up to 25 years. The extended terms don’t mean that borrowers are keeping their cars 12 years; because there’s no prepayment penalty, borrowers can sell their cars at any time and pay off the loan. Naturally, rates tend to vary from lender to lender. We heard quotes of 7 percent to 9.7 percent, depending on the health of the applicant’s credit, so it may pay to call around. Required down payments vary, too, from zero to 20 percent. Loans are made on a simple interest basis, so borrowers pay interest only on the outstanding amount, calculated each month. For a $25,000 loan at 8.2 percent interest over five years, for instance, the monthly payment works out to $510.33.

One thing you will find does not vary is the lenders’ insistence that all financed cars be titled and fully insured. In fact, J.J. Best’s Maranda noted that most repossessions occur not because the borrower has fallen behind in the payments, but because the owner hoped to avoid sales tax, and failed to have the car titled. Lenders need to be recorded as lien holders on the titles to protect their investments.

Most lenders will want to have a look at the car, at least to be certain that its VIN matches its title. J.J. Best employs a nationwide company whose inspectors verify each VIN, take photos, and even start and run the car. Woodside, which works primarily through collector-car dealers, expects them to vouch for the cars they’re selling. Buyers may be asked to have the car appraised, if its value deviates too much from the norm, but the cost of the appraisal can generally be built into the loan.

One caution: If you’re calling to ask for a loan to buy that decrepit Duesenberg your aged neighbor has finally agreed to sell, you may hear crickets chirping on the other end of the line. Neither Woodside nor Hagerty offers loans for restoration projects, although Hagerty is considering entering that business. J.J. Best will consider financing a project, with a number of caveats. “When it comes to something like that, credit is very important to us,” Maranda said. No one wants to see a project stall halfway through; “It’s very hard to repossess pieces,” he said. There are alternative ways to finance a project, though; for example, short-term, interest-only loans can cover until the car is completed, at which time they can be paid off through a collector-car loan.

Nor is every car eligible for financing. Take a late-model Corvette, for instance. If every driver in the house has his or her own car, and the Corvette is only to be used for pleasure driving, it’s likely to qualify. But if it’s the only vehicle in the household, or will be in use as a daily driver, the answer is going to be no.

There’s never been a better time to be involved in the classic-car hobby, and ownership of an older, interesting car has never been easier. Collector-car financing is yet another entry point into this wonderful hobby of ours. Only you know if it’s the right doorway for you.

J.J. Best Banc Co.

60 North Water Street

New Bedford, Massachusetts 02740


Hagerty Finance

141 River’s Edge Drive, #200

Auto Loans – Car Financing #wedding #loans

#vehicle loan

Auto Loans & Financing

Find info on auto loans & refinancing before buying your next new or used vehicle. Simply estimate your monthly payment with our auto loan calculator.

Applying for a car loan doesn’t have to difficult. Read our guide to learn how to get a car loan.

Understand your car financing options to help get the best auto loan for your next car.

Learn all about auto loan rates, what they mean to your car loan, and deceiving financing deals to look out for.

Determine the car loan amount you might get from an auto lender or financial institution for a new or used car using the auto loan calculator.

The basics of auto loan terms such as length, down payments & trade-ins, refinancing, depreciation, being upside down & amortization.

A refinanced auto loan can potentially save you hundreds of dollars over the lifetime of your loan. Read our quick guide to learn about car loan refinancing.

Get the best auto loan rates with your credit score. Don’t let a blemish on your credit report ruin your credit.

Access a number of auto loan terms such as fixed rate loan & credit history to help you understand the financial jargon when talking to an auto lender.

Learn how a used car loan can help you get into the used car you desire.

Learn how bad credit car loans can help you get a car even if your credit is low.

Lean about how car title loans may provide relief in the short term, but can be potentially expensive in the long term.

Learn how having a pre-approved car loan can give you confidence going into a car dealership.

Credit unions can be a great source for low rate auto loans. Learn more about credit union car loans.

Learn how getting your auto loan through a dealership can save you a little work, but may not get you the best rates.

Blank check auto loans can be a great tool when negotiating with a car dealer. Learn more about blank check car loans.

Learn how online auto loans can help make your car buying experience simple.

Learn about upside-down car loans and how you can get above water on your auto loan.

Learn the benefits and drawbacks of zero percent financing on auto loans.

Follow our tips to getting a cheap car loan that fits your needs.

Missing and late payments on your auto loan can have negative consequences. Learn how you can work with your lender to avoid these.

Learn what vehicle repossession is, how it can affect your life, and what you can do to avoid it.

An early loan payoff can potentially save you from paying too much interest on your car. Learn more about early auto loan payoffs.

Learn how to remove a lienholder from your vehicle title and transfer it back to your own name.

Learn how through an automaker’s captive finance company, you can potentially get a solid auto loan.

Learn how buy here pay here dealerships work, and how you can avoid some of the dangers associated with them.

Learn how interest rates and additional costs, such as car insurance, can factor into the true cost of auto loans.

Read our tips on how to get a car loan after bankruptcy.

Learn about auto loan takeovers and the steps you need to take to take over a loan.

Trailer Financing #bridge #loans

#loan for bad credit

Trailer Financing, Travel Trailer Loans, Boat Loans, Motorcycle Loans We Do It All!

Whether you re in need of

  • Trailer Financing
  • Non-Motorized RV Financing
  • Boat Financing
  • or Motorcycle Financing

Rock Solid Funding gets you approved!

Rock Solid Funding LLC is a professional financial services provider that specializes in recreational equipment financing. We offer a safe and efficient finance process with tailored terms to dealers and retail customers in most states.

Whether you ve picked out that perfect trailer at your local dealer or you ve found the one from a private party on Craigslist or Ebay, we can help.

You choose how to apply:

  • Complete our online credit application
  • Call one of our specialists at 800-607-1108 from 8 a.m. to 5 p.m. CST
  • Fax your credit application to 800-471-4842

Whether you’re a dealer looking for an additional source for your customers financing needs, or a shopping consumer looking for financing, we re here to help!

We can even finance your trailer from private parties found on websites such as Craigslist or Ebay.

Rock Solid Funding, LLC can provide many options and terms for you to choose from. Personal, Commercial, Self Employed retail installment loans and leases are available.

Our relationships with large, nationwide lenders offer you the most competitive rates and terms available. Contact one of our financial specialists today to match your unique financial needs and credit circumstances to a plan that fits your budget.

  • Prime and sub-prime financing*
  • Extremely Competitive Rates*
  • Flexible Terms Tailored to Your Needs*
  • Finance as low as $2,500 with no max*
  • $0 to Low Down Payments May Be Available*
  • Swift Approvals*
  • Lower Credit Scores Welcomed*
  • Challenged credit welcomed*

Now Offering Commercial Equipment Finance Agreements

Looking to finance a trailer for your business?

Great! We have the perfect solution for you a commercial equipment financing agreement.

Why bother opening a new line of credit on your personal profile and risk lowering your credit score when you can simply open a line for your business?

Personal Attention

We take the time to understand each individual s financing needs. This allows us to tailor financing plans and payments that fit each of our client s budget needs. “Personal Attention” is what separates us from the rest and has contributed to our success. We do it right the first time.

Whether you choose to give us a call to speak with a friendly specialist, complete our online application. or fax your credit application, be prepared to experience “good old fashion customer service.” One call does it all.

This is what separates us from others and has contributed to our success in achieving an above average and higher approval ratio.

“We Rock the Industry”

With more than 40 years of combined experience, the professionals at Rock Solid Funding LLC are committed to providing you with an exceptional financing experience. We noticed a glaring vacancy in the trailer industry and arena of recreational equipment financing, and have proven to satisfy this need.

Historically, customers were forced to pay cash or seek a less than equitable loan or lease from their bank or credit union. We opened our doors in 1997 and have been financing utility, cargo, livestock and horse trailer owners ever since. In 1998, after establishing a better way for dealers and customers to finance their purchases, we entered the trailer, marine, motorcycle and non-motorized rv industries.

You could say we have “Rocked the Industry.

We are based in Colleyville, Texas and now serve most states.

We are dedicated to serving all manufacturers, dealers, and customers. Large or small, we do it all with a safe and simple virtual process.

We are a Registered Creditor, member of the North American Trailer Dealer Association (NATDA), and the BBB.

Contact us Today to speak with an experienced professional about your trailer financing needs.

At Rock Solid Funding LLC, we strive to answer our phones with a live person; no phone menus with us.

It s just how we roll

Auto Financing Bankruptcy #uk #loans

#bankruptcy auto loans

Easy Bankruptcy

Bankruptcy Car Loan

We help people get auto financing after bankruptcy. Our bankruptcy car dealers and their lenders are willing to provide funds for people with bad credit bankruptcy, no credit bankruptcy, chapter 13 bankruptcy and chapter 7 bankruptcy .

In fact, we can even help people with open bankruptcies get new car loans to buy a car. So if you have had a bankruptcy and need to buy a car, we can help. Apply online and you will be promptly contacted by a local bankruptcy auto loan specialist with your approval information. Then simply go and pick up your new car!

If you have completed your bankruptcy, you may be able to drive away in the new car the same day you apply. Our service boasts over 10 years of experience in bankruptcy car loan assistance, along with helping to get car loans for people with bankruptcy and bad credit issues. You don’t need to have good credit to get a car loan. Let us show you how easy auto financing after bankruptcy can be. Apply Online in just 3 minutes.

More Info

Calculate your payment with our finance calculator .

Information about getting an auto loan with an open bankruptcy.

Financing Requirements

To qualify for a bankruptcy financing program or bankruptcy car loans . applicants should meet the following basic approval requirements.

  • At least one year with your current employer.
  • Minimum gross monthly income of $1,500.
  • Money down may be required.
  • No repo in the last year unless part of a bankruptcy.
  • No motorcycle or private party purchases.
  • Must reside in the United States or Canada.

Church Financing #city #loan

#church loans

Church & Institution Financing

Whether you’re building, expanding, remodeling or seeking to save money by refinancing, Thrivent Financial can help. Our unique 30-year fixed-rate loans help set us apart from other commercial lenders. Our rates are exceptional and so is our dedication to you. For more than a century, Thrivent Financial has worked with churches and Christian organizations to help them grow their ministries, facilities and make a difference in their local communities.

More Than a Lender

We know churches

We lend exclusively to Christian churches and institutions. We know that over the life of your loan, many things will likely change in your church. We make it easy to modify your loan as needed. We’re committed to strengthening Christian communities and equipping churches for the future, and we’ll be here for the long term.

Loans to fit your needs

We can help you plan for construction and permanent financing needs. We offer traditional and flexible funding for:

  • Refinance existing mortgage loans.
  • Purchasing new property.
  • Construction of new buildings.
  • Expanding, remodeling or renovating.
  • Purchasing an organ or worship equipment.
  • Repairs (parking lots, roofs, HVAC, etc.).

Loan options

Thrivent offers many loan options, including longer terms than most other lenders. Let us help you choose which option best supports your ministry. Read our loan options (PDF) for a full explanation.

We keep it simple

Our experienced team will help you through the lending process from start to finish. Our loan documents are easy to understand. We don’t put difficult and time-consuming covenants into your loan. We hold and service all our loans in-house.

Outreach impact

In addition to financing, we offer programs that support the values of faith, family and service, as well as opportunities for church members to support organizations and causes they care about.

Designed just for you

Thrivent members have entrusted us to manage their money wisely for more than a 100 years. Providing mortgage loans to churches and other Christian institutions is one way we do that. Each loan is different because every ministry is unique. Let our loan experts work with you to customize a solution that matches your plans.

Dental Financing. #best #loan #rates

#dental loans


Best way to pay your Dentist: Credit Cards vs. Other Credit Options

When you need a dental treatment, a credit card can be a good alternative to dental loans and CareCredit.

Here`re the advantages of credit cards:

  • No doctor or location search harassment, credit cards are accepted anywhere .
  • 0% interest introductory period can be as long as 21 months, then the APR will depend on your creditworthiness.
  • Credit cards often have rewards programs. Even a 1% discount makes sense when it comes to dentistry.

Dental Insurance or Dental Credit Card?

Dental treatment bills can make your brows go up if you do not have a dental insurance. Dental insurance works as any medical insurance works and covers some basic services. Of course you can get a dental insurance which provides broader coverage. But that will require a greater financial contribution from you.

However, you may get into situation where your dental insurance does not cover the service you need. And you will need to pay for that treatment from your pocket, for which you may not be ready. In this case a dental credit card can be a way out. You can go to dental finance company to get a low cost dental financing.

When you apply for a dental credit you can be offered special financing options suitable to your situation. Financing can be provided despite the fact whether you have insurance or not. Thus you can get promptly dental care.

A dental credit card from a dental financing company is only for dental services at particular doctors. More freedom can be obtained when you apply for a general credit card from a major bank or a credit card issuer. Credit cards are accepted almost everywhere provided that they bear Visa, MasterCard, Discover or American Express logo.

FAQs about Dental Credit:

Easy Auto Credit Auto Loans – Guaranteed Auto Credit – Poor Credit Auto Financing #online #payday #loans

#bad credit auto loans

Easy Auto Credit Guaranteed Auto Credit Poor Credit Auto Financing

First time buying and poor credit history are no problems for our experienced auto loan specialists.

With it’s never been easier to get an auto loan. Our loan application is easy, free and with no obligation. We process both new and used auto loans. Our financing specialists are waiting to help you. Once you have submitted the auto loan application, one of our network dealers from your area will contact you to process your auto loan.

Our Dealerships Are Waiting To Call You!

We offer many other auto resources for obtaining auto loans. Feel free to look through our many informational areas within the website. Our auto loan calculator will determine the new or used monthly auto loan payment in seconds.

Getting approved for an auto loan with bad credit may be easier than you think. Auto loans are different from unsecured lines of credit because they use the car as collateral. If you are unable to make your monthly payments, then the creditor has the right to repossess the car.

USDA Loan – 100% Financing – USDA Rural Home Loans #best #car #loans

#usda home loans

The USDA home loan program is designed for buyers of homes in rural areas.

100% financing on the purchase of a home. Yes, it’s still available! Using the USDA home loan program, qualified borrowers purchasing qualified homes can get 100% financing, plus the seller can pay up to 6% of your closing costs. Working with a willing seller, you can achieve a no money down home loan backed by the federal government! All qualified borrowers need to worry about is the cost of the appraisal and any pre-close third party costs such as your survey, pest inspection, and optional home inspection costs. That’s right, qualified USDA loan applicants can attain 100% financing on qualified home purchases and can use 6% seller concessions to buy a home with very little to no out of pocket expense at all. To learn more, use our quick quote form.

The USDA mortgage program, also known as a section 502 loan, was designed to assist low income households in purchasing homes located within local rural communities. These funds can be used to build, renovate, repair, relocate, or purchase a home — and this includes preparing a site for water and sewer!

Eligibility for the USDA loan program is very specific. Applicants cannot have an income in excess of 115% of the median income for the local community they reside in. Area income limits can be found here. Eligible families must be without adequate housing and be able to afford the proposed monthly mortgage payment that includes principle, interest, property taxes, and homeowner insurance. In addition, applicants must have “reasonable credit histories,” as stated by the USDA. All properties being considered must be within USDA approved rural communities.

Under the USDA rural development program, loans are for 30 years and the interest rate is based upon the prevailing market rate as set by lenders. Again, there is no down payment; however, qualified applicants must meet the specified loan repayment ratio for gross income vs. family debt. Ready to learn more? Use our website quick quote today!

Under the the USDA section 502 loan program, any home being considered must be modest in size, design, and cost. Further, any home being constructed, purchased, or rehabilitated is required to meet the national model building codes for thermal and site standards. When financing the purchase of a new mobile home under this program, the new manufactured home must be permanently installed and meet the HUD mobile home loan guidelines and the HCFP thermal and site standards. The purchase of existing manufactured homes will not be considered under this program unless the mobile home is already financed with or is REO (real estate owned) formerly secured by an HCFP direct or guaranteed loan.

The USDA loan program is a fantastic opportunity for qualified home buyers to get 100% financing on the purchase of a qualified home! Use our quick quote to get started.