Anna-Marie's Blog

My definition of success: Being a Great Mother, A Great Wife, and a Great Real Estate Agent

Mortgage Minute: USDA 100% Loan Program

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For today’s Mortgage Minute Josh Wright with ERA Mortgage give us information about the USDA Loan program. A USDA loan is a 100% loan option for purchasers looking to buy a house in a rural area. In our market, most everything outside of the city limits of Anniston and Oxford is considered rural. Currently a credit score of 620 or higher is required. Their is a monthly fee, however it is less than the monthly private mortgage insurance (PMI) incurred with an FHA Loan, says Josh. Since this loan is geared toward low-income families, roughly on a household of 4 the total household income must not exceed $74,500.00 a year. The property will need to be located within the USDA eligible zones. If you have any additional questions about USDA Loans or any loan products just ask!

Author: Anna-Marie

As a real estate professional, my job is to consult and guide my clients through the rigors of the real estate buying and selling process. In a market in constant flux, my role is to help my clients take advantage of ever-changing opportunities while avoiding any potential pitfalls they may encounter. In pursuit of my clients' goals, it is important to me to make the distinction that I'm not a salesperson trying to convince people to buy or sell a house or a piece of land. I am a person who enjoys helping people, which is why I love what I do. It is also why I take seriously my role as a professional consultant who guides clients through an often convoluted process to help them find the perfect fit for their needs. If you are interested in speaking with someone about real estate who approaches this business very seriously, and who focuses squarely on you, contact me. I offer a free, first time consultation to anyone looking for answers to questions about real estate. Let us begin there. Buying or selling real estate is an enormous investment — often the biggest you'll ever make. You require, and deserve, the best. I am here to provide the best real estate consulting services available.

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