Take this program which is offered from a Yampa Valley Bank. The current rate is 5 ¾ % for 30 year fixed. There are no points required to be paid if you have a 620 credit score and we can still gain finance with credit scores below 620. The loan has a 41 income to repayment ratio so you need to consider your wages in terms of affordability.

The 30-year fixed has rate loan with no monthly mortgage insurance premium, no reserves required, you may purchase a condo, townhome or single family home to be used as a primary residence. You DO NOT need to be a first time homebuyer to qualify for this loan! No prepayment penalty and no maximum loan limit!

*Annual Percentage Rate (APR) and Interest Rate effective as of 7/1/2009. Rate and APR are subject to change at any time. Loan Programs offered are subject to credit and underwriting approval. Closing costs are approximated and may vary. Other restrictions may apply. Income limits apply for qualification and approval of the USDA loan.

For more Information contact Darrin below or call Holly Rogers at Yampa Valley Bank 970-875-1635

 Subscribe to my monthly eBulletin.

Tags: buying real estate, financing