Wednesday, June 29, 2011

USDA LOANS

Debt Ratio 29/41 - The first number 29, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues.

The other number of 41% represents the total monthly debt, including total mortgage payment and all other debt such as credit cards, loans, child support, etc.

Income Caps - 1-4 persons—$74,250 - 5-8 persons—$97,750

Property Eligibility - http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp
You may want to save this to your favorites so you’ll always have it handy.
If a property comes back address unavailable I email the address to: Jenny.Celeste@al.usda.gov
If you need additional information or have any questions give me call or shoot me an email.

I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.

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