USDA Income Guidelines for 2011 Released for Rhode Island Households.

On July 21, 2011, in Tips And Advice, by Lynda Mckenzie

On July 1st, the 2011 new maximum USDA income guidelines for Rhode Island have been released, and most areas  received increases.  The good news is that more people will be eligible for 100% financing on their homes, in the rural areas of the state of Rhode Island. Providence-Fall River, RI-MA HUD Metro FMR Area                                                                        1-4 PERSON                                                     [...]

VA Funding Fee and the Oregon Veteran

On March 25, 2011, in VA Loans, by Fred Chamberlin

The VA Funding Fee is a fee that is required in order to receive a VA Guaranteed Home loan. It is similar but different than up front mortgage insurance and helps a veteran purchase a home with no money down.

100% financing available for Rhode Islanders who want to live in “rural areas”.

On February 22, 2010, in Tips And Advice, by Lynda Mckenzie

Rhode Islanders still have the opportunity to get 100% financing through the USDA program, also known as the “rural homes program”.  The United States Department of Agriculture (USDA) offers two different types of programs; one called the Guaranteed Rural Housing (GHR) mortgage and the other Direct rural home mortgage.  The Direct program is offered directly through USDA [...]