D-Social Mortgage Blog

                                USDA 100% Guaranteed Housing Program with No MI.

JFrank Capital Mortgage is excited to share that we are now offering a very attractive 100% Financing Program which is offered by USDA Guaranteed Rural Housing Program. And unlike the other 100% programs available, one of the unique components is that there is No MI - that's right - No MI.

You may be asking what is considered Rural? Rural is defined as any town of 20,000 or less that is not adjacent to a large city or urban area.

We realize the recent challenges in getting borrowers and homeowners approved these days. Anywhere from downpayment issues, low credit scores, high loan-to-values, declining market, and stringent underwriting guidelines. If you've experienced all of the above, the USDA Guaranteed Home Program should help you and your clients.

This program is truly one of the more attractive 100% Loan Products available for the hard working class families of California. Whether they're purchasing and/or refinancing. We want to spread to word the old & new fashion way utlizing word-of-mouth and social networking contacts online.

Here's a brief snap shot of the requirements:

• Purchase or Refinance (rate & term only)
• Owner occupied, 1 unit
• Min fico 580
• MI not required, however, a RD guarantee fee is charged at closing
• No adjustment for declining area
• Property must be located in Rural Area (call or email me for list)

For more information, call me directly at  415-407-6522  /  800-810-2080  ext. 101 or email: jeffd@jfcapitalmortgage.com

Thanks for your time!

Jeff De Loyola