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100% Rural Purchase Power Low Rate

No Mortgage insurance!

  • RHS Loans are funded by the US Dept of Agriculture and Rural Development.  This is a great loan in which a lot of exceptions are given. 
  • We are one of the States top USDA Home Loan Lenders.  I encourage you to apply even if you have one of the following situations:
  • Good Credit but High Debt Ratios   •Past Bankruptcy-  With some re-established credit after BK.    •No Credit- With alternate trade lines and no negative credit reporting.  •Past Collections -With new current credit accounts   •Past Foreclosure- If included in the BK and with strong              re-established credit.  

Choose Rural Development as the first option

  • No mortgage insurance saves you a lot of money.  Mortgage insurance raises your monthly payment, which REDUCES the amount of a home loan you may qualify to purchase.  Guaranteed loans may allow you to qualify for a newer or larger home to meet your needs 

    • Did you know that the typical mortgage insurance premiums for the first 10 years on a $100,000.00 loan could cost you $6,000 or more?  The mortgage insurance can continue beyond the 10 years.  The cost of Rural Development's guarantee is only $2,000.00 on a $100,000.00 loan. 

    • No mortgage insurance allows you to qualify for a larger mortgage amount. 

  • There is little or no cash required for a down payment or closing costs in most cases.

Eligibility criteria: 

  • Occupy the property as your primary residence.

  • Do not own an adequate home.

  • Do not have sufficient cash for a 20% down payment plus pay typical loan closing and relocation expenses.

  • Be a U.S. citizen, a U.S. non-citizen national or a “qualified alien”. 

  • Provide stable and dependable income for repayment ability.

  • Have a credit history that indicates a willingness to meet obligations as they become due.

  • Have an adjusted household income that is within Rural Development guidelines based on the number of persons who will occupy the home.  

  • Purchase a residential property that is located in a Rural Development eligible area. 

 This information comes from the official USDA Website: www.rurdev.usda.gov



PrimeLending - 120 East Reynolds Rd Suite 4; Lexington, KY 40517 - 109 Quinn Drive, Nicholasville, KY
Office Phone: (859) 361-5626 Fax: (866) 861-0972 Toll Free Phone: (800) 949-8762
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Rates and Loan Programs are contingent on credit and other underwriting criteria.

Thank You, for Visiting our Website and Choosing our Company

Robert Vanleer, Senior Loan Officer

Please note that the information above is not intended to be any decision of, or commitment to, any loan type or amount of loan for which one may qualify with any financial institution.  The information is not intended to extend any legal, tax or financial advice.  The accuracy of the information contained in this advertisement is not guaranteed.  Please consult a loan professional to learn more about your eligibility for and availability of a particular loan product.”

In accordance with Section 326 of the USA PATRIOT Act of 2000, PrimeLending is required to obtain a copy of the documents used in identifying our new account customers. This notice is being provided to your for adequate notice given under this act.'\

 

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