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| 1st time home buyer programs? Posted by TheTigerZone anybody know of any? And how they work? TIA on 2/2 at 8:18 pmReply • Back to Top |
| USDA Rural Development loan, while not just for first timers is a great program if you are buying in an eligible area and make less money than the threshold for the program. About 72k per year for a household of 1-4 and about 94k for a household of 5-8 people. Reply • Back to Top |
| I believe you can withdraw from your 401k penalty free with a first time home purchase.... Other than that idk... Reply • Back to Top |
| the rural development program by far the best program around, max combined income is $74,750 for fam 1 to 4, if you are close to income limit but do have children that helps out because they give you deduction to qualify. no down payment, low rate, you can literally walk to the table with no out of pocket expense, but if you do go this route, expect to close 60 days from start of loan app. underwriting goes quick but after wards file goes to rural development office and they are super behind. if you interested in the 100% program, shoot me your email adrs and i can help you out more, im in the mtg business  Reply • Back to Top |
| Is there a website where you can see what parts of Louisiana qualify as rural development? Reply • Back to Top |
| Property Eligibility Links on Left Reply • Back to Top |
| Hoo Shoo Too area qualifies from Azalea Lakes on the right side the road, all the way to the end then on the left side the road from tigerbend to the end My brother closed on a house in Hoo Shoo Too lakes in october, and got RD loan. 100% financing, they paid his closing costs, and his PMI was only $40ish per month... Reply • Back to Top |
Posted by damonster on 2/4 at 11:39 am to tigeraddict Is this program available for existing properties only or will they loan you the money to build if you already own a piece of land?Reply • Back to Top |
| see here: LINK Reply • Back to Top • Refresh |
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on 2/3 at 8:49 am to