Guaranteed Colorado Rural Housing USDA Loans
Looking for Colorado USDA Loans? We can help with USDA Guaranteed Rural Housing (GRH) loans.
No assets, no problem – With up to 100% financing available. Borrowers may be eligible to finance the purchase price plus some or all of the closing costs and prepaids, based on the appraised value, plus the USDA guarantee fee.
Colorado USDA Loans – Benefits of the USDA Guaranteed Rural Housing Program:
- Provides 100% loan-to-value financing for existing homes or new construction based on appraised value.
- No requirement to be a “first-time” home buyer.
- Available to low and moderate-income rural households.
- Less up-front cash-to-close requirements for this program than for conventionally insured or FHA loans.
- Fully amortized 30-year fixed-rate loans.
- No penalty for pre-payment.
- No maximum loan limit. Loan limits are dictated by the applicant’s income with respect to program eligibility and loan repayment ability. Previous ties to FHA loan limits have been eliminated.
- For depository institutions, USDA GRH loans provide opportunities to meet Community Reinvestment Act (CRA) goals.
For more product details on the USDA Guaranteed Rural Housing Program please contact us.
The Taylor Mortgage Group
Looking for a land and construction loan? Our reputation in the industry is based on our ability to complete the entire lending process efficiently and quickly. This process includes new Colorado construction loans for both custom and factory built homes. Our specialty is securing loans that will ultimately save the borrower time and money from the land purchase through construction to permanent financing.
Our staff is at your disposal for all your lending needs. We can provide you with loan approval within a matter of hours. Any questions you may have about financing can be sent directly to: [email protected]
Call or email us today with your Colorado home loan or mortgage lending questions.
