Our Specialty

_G_{overnment
Guaranteed
Rural
Housing
Loan}

We believe this loan is one of the best products on the market. The GRH loan is sometimes listed as an option by banks but is seldom processed.

Look below at the explanation of the loan and its benefits. Then follow the link at the end to see why we believe it's not processed more frequently...and why this loan is our specialty.

Explanation:

	The U.S. Department of Agriculture (USDA) administers a Section 502 Rural Development (RD) home ownership program.
	The loans available through Rural Development (RD) are similar to the more familiar FHA loans, but are targeted to rural homebuyers.
	The Guaranteed RD loans we make are used to help individuals or households purchase primary homes in regions with populations less than 20,000... This actually covers most of North Carolina.

There is an income limit for people to qualify. However, loan applicants may have up to 115% of the median income for the area in which they intend to purchase.

(Click Here for Maximum Income Limits)

Benefits Include:

	Fixed rate 30 year loan...
	Lots up to 10 acres can be purchased as long as the land value does not exceed 30% of the total property value and it's not a farm...
	Debt to income ratios of 29/41 can be waived with credit scores above 660...
	Alternative credit sources are accepted...
	There is no maximum loan amount...
	There are no limits on seller contributions...
	No reserves are required...
	Loan to Value ratios can be up to 102%, which can include closing costs, prepaids, repairs, and the upfront RD guarantee fee of 2%...

$0.00 Private Mortgage Insurance Required!

*Click Here* to see why we are able to offer this loan while banks and mortgage companies focus on other products...

This Loan is our Specialty!

[About Us] [Why Choose MJM?] [Our Specialty] [Realtor FAQs] [Homebuyer FAQs] [Online Application] [MJM Website Links]

Send mail to jdduvall@charter.net with questions or comments about this web site. Last modified: 07/21/07

Send mail to jdduvall@charter.net with questions or comments about this web site.
Last modified: 07/21/07