808 Oahu Realtor (Ryan Riggins) License #RS-74740

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Oahu’s USDA Loan – only has 4 months left for the current eligible areas

USDA_Rural_Zero_Down_Home_Loan

 

Chop! Chop! We have 4 months left with with the current eligible areas for the USDA Rural Loan Program. For your clients with little or no money for a down payment, this is the perfect loan program for them.

Files with accepted offers should be submitted on or by 09/01/2014 in order to make to USDA by 10/01/2014.

Below is the current eligible area and loan program information:

Eligible area until 10/01/2014:

Ahuiamanu, from the north north side of Haiku Road and all areas to Kahuku
Central Oahu from Whitmore Village, north to the North Shore and the Kunia Area
Ewa Beach
Kapolei
Makakilo
The entire North Shore
The entire Waianae Coast
Village Park and Royal Kunia subdivisions
Waikele
Waimanalo from Olomana Golf Course to Sea Life Park
Waipio Acres
Windward Oahu from Kahuku, south to Ahuiamanu

Loan Program Information:
100% Financing (No down payment)
2% Guarantee Fee can be financed into the loan (102% LTV)
Not limited to first time home buyers
Mortgage insurance does apply (estimated at $33 per month for every $100,000…example on a $300,000 MI would be $100 per month)
Mortgage Credit Certificate (MCC) can be applied (first time home buyer tax credit program)
Income restrictions apply – Household of 1-4 people: $118,450 and Household of 5- 8 people $156,350

It will be a privilege to assist you to home ownership. Please contact me for more information or any questions you may have.