LIFE. AT YOUR OWN PACE
WIDE OPEN SPACES
Do you dream about settling down in a small town? Would you like wide open spaces to welcome you home every evening? Are you looking to trade in the city lights for starry nights? If you’ve answered yes to any of these questions, then you should talk with one of our mortgage lending professionals about the USDA Rural Development Program for your home financing needs.
USDA RURAL DEVELOPMENT PROGRAM
The USDA Program offers mortgage financing to borrowers who want to live in a rural community. They support this mission by offering mortgage financing for rural properties through approved lenders like Cherry Creek Mortgage.
THIS PRODUCT MIGHT BE A GOOD FIT FOR YOU IF...
• You are looking for 100% Financing.
• You would like to roll the required guarantee fee and closing costs into the loan amount (as long as those costs don’t exceed the appraised value).
• Your income is lower than the maximum allowed by the program (income limits are defined by the USDA and vary by location).
• You’re looking for a loan term of up to 30 years and an interest rate that is fixed for the life of the loan.