100 Percent Financing Yes Please

Dated: 05/18/2015

Views: 417

Are you familiar with the USDA Rural Development program in Tennessee?

What is A USDA Loan?

In 1991 the U.S. Department of Agriculture (USDA) started offering rural development loans to encourage home buyers to live in rural and suburban areas. The USDA did this to promote growth and boost the local economies of these areas by making land and property more affordable.

For borrowers that meet USDA loan requirements, they offer many benefits paired with relatively lenient approval requirements. Government backed and insured they offer:

  • NO money down

  • Low interest rates

  • 30 year fixed rates

  • Government guaranteed

  • You have the ability to roll in your closing costs into the loan

  • Flexible credit guidelines

In our area of Northeast Tennessee, The Rural Development Program encompasses many of the areas in Greene, Sullivan and Washington counties. To search any area, you can go to the website for USDA-Rural Development. http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do. From here, simply enter the address you're interested in, and click 'Go'. 

If you're interested in new construction, The Shields Team recently listed a rare 'Pre-Construction' listing in the Telford TN area that qualifies for Rural Development financing if all loan eligibility requirements are met. This is a great opportunity to get into a truly "NEW" home!!

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RARE PRE-CONSTRUCTION SALE! | Quaker Run, Telford | 3BR/2BR | 1195 sf | $134,900

New construction! Part of a rural community, this home sits on one of the premier lots which boasts panoramic mountain views and quiet country breezes. This charming 3 bedroom, 2 bath ready-to-build home will offer you a little refuge from your busy life. Here, you will enjoy an open floor plan and light-filled living area with vaulted ceilings. The eat-in kitchen, with pantry for extra storage, is a great gathering area for family and friends! There is a large master bedroom with a full bath on the main floor, complete with a walk-in closet. You can make it your own, private sanctuary! The level, landscaped lot will offer plenty of opportunity for outdoor play, quiet relaxation, and taking in the beautiful scenery.

Call us today to discuss USDA possibilities for this home! 423-896-1232

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Rayne Price

Holding a BS in Environmental Science, and MA in Education, real estate was not Shields Team Buyer Specialist Rayne Price's first career choice. It was only after encouragement from his wife and a cl....

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