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A USDA loan is a 30 year fixed rate no money down mortgage loan available to qualified
borrowers who chooses to live in an eligible area and meets the income limit restrictions.
Hi my name is Brian Mayer I am licensed loan officer and I specialize in USDA mortgage
loans. I help people get mortgages and I teach people how to get qualified to buy
a home with a usda loan in charles county maryland
USDA loans are only available as 30 year fixed rate mortgage. You can not own another suitable
house nearby or use this to buy a second home like an investment property or vacation home.
The house itself must be in pretty good condition for instance there can be no mold, missing
plumbing, holes on the walls or missing appliances. There are several ways to handle minor repairs
if needed but you cant get money from the loan itself for repairs.
There is no minimum credit score. Most investors require 640. The company I work for allows
scores down to 600 in some cases. The loan allows the sellers to pay up to 6% of your
closing costs so in many cases you can move in with as little as a few hundred dollars
out of your pocket. If you need a mortgage I would love to be your lender. I specialize
in USDA loans and first time homebuyers. I guarantee my numbers in writing and I offer
a $500 on time closing guarantee on pre-approved borrowers. Call me or shoot me an email with
your questions. Have a fantastic day! no money down loans in charles county maryland