WASHINGTON STATE USDA ZERO DOWN HOME LOAN

South Puget Sound Real Estate by The Figg Team

253-234-9780 - http://www.FiggTeam.com - Short Sale Washington with The Figg Team of John L. Scott Realty, Bonney Lake Short Sale Specialists, South Puget Sound short sale specialist, Kent WA Short Sale Specialists offering you a daily dose of short Sale Homes in Washington, Short Sale Service Information, Short Sale Laws, The Foreclosure Process in Washington, Short Sale VS. Foreclosure and More.  

253-234-9780 - http://www.FiggTeam.com - The Figg Team - South Sound Real Estate Agents

WASHINGTON STATE USDA ZERO DOWN HOME LOAN 

Welcome I will not be able to cover everything about the USDA Zero down home loan program here but I will explain the basics. As you begin your research process, if you have any questions, our team is available to answer those questions and get you the information that you need.  I have put together quite a bit of information and links to try to help you gather all of the information that you need pertaining to the Washington State USDA Rural Development Home Loan Program. If for some reason the home you are looking for is NOT located in a USDA approved region, there are other ZERO down alternatives that you may consider.  Such as Washington States First Time Buyers Program, which I would be more than happy to provide you more information too.

Some Details About the USDA Home Loan Program in Washington State

- Zero Down, no down payment required

- Low monthly private mortgage insurance (PMI)
(This changed in 2011 before it was zero but the cost is minimal!)- Very competitive 30-year fixed rates- 640 minimum credit score required 

- Up to 6% seller contribution
- Can use to finance a REO or short sale
- Can use to buy new construction

There is two main criteria as to whether you qualify, they are:
(1) Eligibility is region or location specific. Click here to see if address is USDA eligible.
(2) Eligibility is income specific. Qualifying income is based on household members and a 
max income cap. Click here to see if you qualify under the max income cap.

This is the basics, the links above have quite a bit more information than just the steps above. Also your Realtor or mortgage/loan officer should be able to show to you and explain the property guidelines before going out to look at homes. If there is additional information or help we can provide feel free to contact us by email or calling 253-234-9780. We are always striving to better serve you.

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About The Figg Team-

Darlene Figg, owner of The Figg Team is an award winning agent and a short sale specialist. She has been selling homes in the Seattle area for 25+ years and has been selected in Seattle Magazine as one of the top twenty agents in the Seattle area for customer satisfaction. Darlene and her expert team understand that Selling your Washington home, whether a Short Sale or a Home with Equity, is her number one goal!