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Thursday, December 13, 2012

Government Helping Those That Usually Can't....

In an effort to stimulate the housing market, and to help those who usually would not be able to purchase a home USDA (google it) has a no money down, and finance your closing costs program to help Rural America.
So what does one need in order to take advantage of this program?
1) A child :)
2) Be within certain income limitations
3) Live in a town of less than 20,000 people.
4) A credit score that is good (not perfect, but good, 640 is what they desire but do ones of lower scores on a case by case basis).
This program along with the low prices we currently have and low interest rates makes it by far one of the greatest time periods in history to purchase. Imagine a $150,000 loan with a principal and interest payment of only $694.67 (based on 30 year and 3.75% interest).
With with so many bank owned properties in Southern New Hampshire selling for well under the $150,000 price why is it that more are not taking advantage of this program? Mainly because they are not aware of it!
For a list of bank-owned properties in your area (or for a list of Banks/Mortgages Companies that offer this program, because not all do)  simply email me at James.Goddard@NeMoves.com or call my direct line at 603-589-6900.
Make your Christmas even merrier this year with your own home...

James Goddard
Coldwell Banker Residential Brokerage
603-673-4000 ext. 236


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