NEXUS Morning Connect - USDA, Rural Development Guaranteed Housing Financing Options

NEXUS Morning Connect is a quick jot of industry tips and insights. This series is an impactful way to expand your knowledge in topics related to your industry, instructed by the professionals who know them best. Free for all NEXUS members.

This session will teach you about:

• 100% LTV financing (no down payment required).
• Loan amount may include typical closing costs, up to 100% of the appraised value.Have a property needing repairs or renovations?  In these cases, the loan amount can be up to the appraiser’s determined market value of the property with all repairs completed.
• No limits on sales price or loan amount.
• Not limited to first time home buyers.
• Property types include Single Family Existing, New Construction, Condos, PUDS, Modular, and some Manufactured.
• With our Construction-to-Permanent financing option, which secures the property at closing, realtor commission is paid at closing (before a shovel even hits the dirt).
• With this financing option, the loan may include the lot purchase, reasonable construction and administrative costs, contingency reserves up to 10% of the cost of construction, inspection fees, landscaping costs, and other authorized items.

REGISTER HERE