The R.D Loan

R.D. Loan Home Financing Options For Applicants

Are you ready to own a home but not sure you will qualify due to lack of a down payment?

R.D. Loan may be able to help you!

	100% Financing
	No down payment required
	No expensive monthly mortgage insurance means you may qualify for a larger loan
	Flexible credit and qualifying guidelines

The Advantages:

		No Down payment is required a 100% Loan
		No minimum credit score
		Flexible credit score guidelines
		1 day out of bankruptcy if credit score is above 620
		1 day out of foreclosure if credit score is above 620
		No maximum purchase price limit
		Closing costs can come from any source including gifts
		Repairs and improvements can be included in the loan
		Competitive fixed 30-year rates
		Primary residence only
		This is a government back mortgage with the Department of Agriculture

R.D. housing programs work to improve the quality of life for Americans by ensuring that they have access to safe, well-built, affordable homes. A house is more than a roof over our heads; it is often the foundation of our ability to live near good jobs, good schools and other public services. Homeownership builds economic stability and, over the long term, creates equity to finance education, business startups and retirement. R.D. thus not only helps people acquire homes, it helps them build better lives and communities.

THE TRUST TEST

$175,000 LOANS 7% INTEREST RATE

REAL ESTATE TAXES AND HOMEOWNER INSURANCE ARE NOT ADDED TO PAYMENT IN ORDER TO ILLUSTRATE LOAN COMPARISION

NO PMI LOAN 9 % Rate 30 Yr terms.	$1408

FREDDIE / FLEX 100 W/LLPA 1 ,35% MI	$1304

FLEX 100 W/LLPA 1.5% ,25% MI	$1267

FLEX 97 3%down $ 5250 30% MI	$1265

MY COMMUNITY MORTGAGE /HOME POSSIBLE 20 % MI	$1250

40 YEARS LOAN 35% MI	$1227

FHA 3% down $5250 1.5% UFMIP + MI	$1218

95% LTV CONVETIONAL5% down $0750 30% MI	$1214

FLEX 97 3%down $ 5250 10% MI	$1207

80/20 80% ,7% 30 Yr.TERMS ,20% ,8.5% 30 Yr.	$1201

VA 2.15 GUARANTEE FEE NO MI	$1189

RD LOAN	$1188
2% GUARANTEE FEE (including in loan ) NO MI