What a fabulous loan for this day and age. Yes, the property must be located in a RD qualified area, and there are income restrictions; however, all areas of The Outer Islands qualify, as does much of Oahu! And the income restrictions are quite liberal based on family size and the RD limit for the area. Following are some of the highlights of this very attractive program;
30 year fixed rate mortgage only, with very competitive rates
Up to 102%LTV
NO MONTHLY MORTGAGE INSURANCE: loans are guaranteed for life by the USDA
No minimum down payment, or reserves are required
Not limited to first time homebuyers
One-unit, primary residence only
Up to 6% seller contribution permitted
Borrower’s income may not exceed the RD limit for the area

Please call our office for additional information, or qualifying quidelines
Marcia Murphy
Pacific One Mortgage, Inc
808-479-2427 cell