USDA Mortgage Program - 102% Rural Home Loan Program

If you are looking to refinance or buy a home in a rural area of the country, you might be eligible for the Satori Rural Loan Program. The Satori Group is able to obtain a special wholesale mortgage product, backed by the USDA, which allows you to finance up to 102% of the value of your home. It does not matter if you are looking to purchase a new home or to refinance, you could be eligible for this special program. This is one of the best mortgage programs in the mortgage industry! 

Follow this link to see if the property you are looking at qualifies:  USDA Home Loan Query

Features

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• Completive 30 yr fixed rates (compared to Conventional & FHA)
• No max purchase price
• Looser credit qualifications
• No pre-payment penalties
• 102% Max LTV

Advantages

• Funds can be used for repairs
• No mortgage insurance
• No money down
• LTV is based off the APPRAISED VALUE, not the purchase price

Disadvantages

• Income Limitations (CLICK HERE to see if your income qualifies)
• Property location limitations (CLICK HERE to see if your property qualifies)
• There is a 2% guarantee fee to USDA but, this can be rolled into the transaction

More answersInformation deemed reliable but, not guaranteed.