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re: Can you still get 100% financing?

Posted on 9/30/08 at 12:38 pm to
Posted by abmtgman
Erwinville, LA
Member since Mar 2008
34 posts
Posted on 9/30/08 at 12:38 pm to
I've been doing Rural Development loans for the past 2 years and it's been my company's major source of income. 102% Financing (guarantee fee can be financed--no PMI, seller can pay for all closing costs (even beyond the standard 6%), and no maximum loan amount. Also the income limits are really good if you live in Southern Louisiana--1 to 4 person family can earn up to $74,000/yr. All properties in parishes surrounding East Baton Rouge are eligible--the City of Central at the present time is also eligible.
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