USDA is BACK!
I know I mentioned some great mortgage news would be coming your way with this week’s newsletter and we have had a development in the mortgage world that you MUST know about.
It is official as of this week….the rural housing mortgage program from the United States Department of Agriculture (USDA) is back. Yes, the same people that certify our beef at the grocery store offer a mortgage program. It’s a great program too.
This is HOT news. 100% mortgage loan programs are virtually dead unless you are a Veteran. Just because it’s USDA doesn’t mean you have to buy a farm. In fact, thats prohibited in the program.
Here’s the best news, the entire Sedona area is included in this program and is considered rural. The closest exclusions are Prescott and Flagstaff.
Does your real estate agent keep up on programs like these? Do they even know they exist?
Be sure to use a full time professional Realtor.