HOW THE USDA PROGRAM WORKS

• 100% Financing
• Loan is based on the appraised value
• NOT limited to First Time Home Buyers
• Monthly Mortgage Insurance is required for life of loan
• One time RHS Guarantee Fee is added to the loan
• Income Limits Apply
• Primary Residence Only
• Must be in a USDA Eligible Area
• Seller's Concession towards closing costs, prepaids and escrows are allowed
• Closing costs, prepaids and escrows can be financed into the loan amount
• Gift/grants are permitted.