Wayne Turner Discussses RD Loans & First Time Home Buyer Programs
Wayne Turner discusses the Rural Development loan in Louisiana that allows buyers to purchase real estate with $0 down. There will soon be changes to what areas will qualify for RD financing this fall. Many areas may no longer qualify, so now is the time to buy!
Also, we at Turner Real Estate Group now have access to a new first time buyer
- No Credit Check!
- No PMI (private mortgage insurance)
- 5% Needed Down but we get sellers can pay all CC and pre-paids (3.5%) Rate is currently 5.25% but no PMI. Get this on a $200,000 house PMI is $116 a month.
- 200k x 3.75% = $920 plus 116 PMI = $1036.
- 200k x 5.25% = $1050 No PMI only $14 more than with PMI.
Here is the BIG deal. If a buyer has no credit, very little credit, self employed etc. these loans are based on trade lines (electric bill, cable bill, cell phone, water bill, etc. The buyer has to have 4 trade lines that they paid on for 12 months).
For More Information, Call Us Direct at 985-626-1313 or visit www.WayneTurner.com.