Washington USDA Home Loans | Zero Down Loan Program Lake Stevens, WA

This blog post is a result of me funding six out of my last ten Washington USDA Home Loans in Lake Stevens, WA. Between the attractive foreclosure and short sale homes for sale in Lake Stevens, and the Zero Down Marysville Meadows New Construction, the USDA loan program is running a tight race with Seattle FHA Financing and currently out-performing the Washington State House Key Program.

Why Washington USDA Home Loans are so popular for first time homebuyers:
(1) Allows for Zero Down Payment
(2) Does not require private mortgage insurance (PMI)
(3) Offers extremely competitive 30-year fixed rates - ask Dan for a FREE USDA Rate Quote
(4) Allows for the seller to contribute up to 6% toward closing costs/buy down points
(5) Great for financing Marysville New Construction and/or Washington Foreclosures
(6) Requires a min credit score of only 640

There are 2 main qualifying factors:
(1) The property has to be located in a USDA eligible region; and
(2) The total household income must be under a certain gross amount (see below)

Below I have provided a link and short video that will allow you to search a property address to determine if the property is USDA eligible. A general rule of thumb to consider: If the home is located on the East side of hwy 9 and north of 141st in Marysville (the Marysville Meadows New Construction) , it is eligible for USDA financing.

Is This Property USDA Rural Development Eligible?
Click here to enter a property address or watch the short video below for instructions

For additional information on Washington USDA Home Loan Household Max Income Requirements, click on the link below:

USDA Max Household Income Requirements

If you found this article valuable and would like more information on the Washington USDA Home Loan Program, you can contact me directly at (425) 350-7136 or email me at dankellermtg@gmail.com

Click below if you would like a FREE USDA Interest Rate Quote, FREE USDA Mortgage Pre-Approval or more information on the income and property eligibility guidelines.

Marysville New Construction | Marysville Meadows New Homes With USDA Zero Down Financing

There is a fine line in Marysville, WA where homes are eligible for the USDA Rural Development Zero Down Loan Program, and where they are not. That line is near 140th and 51st (Shoultes Rd.) in Marysville, and local home builder Encore Homes was able to build on the "eligible" side of that line.

Another perk of being able to purchase a home in this 280+ home community is the mortgage payment. Relative to the list price ($162,900 - $207,000), the total mortgage payment is less than comparative rents for local 3 and 4 bedroom homes. Combined with the tax benefits of home ownership, it makes buying a home in the Marysville Meadows a sound financial decision if you see yourself staying in this home for the next 5-7 years.

See it for yourself, I have computed a Rent vs Own Analysis on a $200,000 home mortgage with a comparable rent. In this article, you will be able to compare the savings - Should I rent or Purchase A Home? After you read this short article, you can compare the total monthly payment on the Meadows Financing Breakdown. In addition to providing a discount of $500 toward your loan or closing costs, I am reaching out to first-time home buyers and offering a FREE Homebuyer Class at the Tulalip Casino & Resort.

If you may have any questions on buying at the Meadows, please feel free to contact me directly, and I will be happy to answer any questions that you may have in helping you get approved to purchase a home using the Washington USDA Home Loan Program.

Get Your FREE USDA Pre-Approved here: www.mymortgageguydan.com

Dan Keller
(425) 350-7136

http://twitter.com/dankellermtg