Wednesday, August 18, 2010 - Article by: Matt Spinn - AMCAP Mortgage, Ltd -
Hurray!! USDA is back. We are now underwriting USDA loans. the congress has passed the appropriations bill and the President has signed the bill. The program is basically a $0 down program with no monthly MI. Here are the details:
* Property must be in a UDA rural designated area
*Adjusted Family Income cannot exceed $84,900
*You cannot own a home at the time of closing
Call me today for details..
Matt Spinn
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