We are actively funding USDA Loans throughout Washington State

Program Basics

USDA loans provide an excellent source of capital for borrowers looking to buy homes in rural areas throughout Washington State. Under the USDA mortgage program families can borrower up to 100% LTV for a new home purchase and refinance existing USDA loans up to 100% LTV. This program has become extremely popular in the last 2 years because it is one of the only mortgage types that allow Zero money down purchases with excellent interest rates.

Benefits of using an USDA Loan

• Up to 100% LTV loans for existing homes or new construction
• Very Low Interest Rates – as compared to high LTV conventional loans
• Monthly Mortgage Insurance (MI) is not required
• Target specifically for homeowners in rural areas of Washington State
• No requirements to be a “first-time” home buyer.
• Minimal or Zero cash to close because of high LTV Limits
• One-time guarantee fee, payable to Rural Development (RD) at closing, which may be rolled into the new loan balance above the appraised value, as follows:
• Purchases – 2.00% of loan amount
• Refinances – .50% of loan amount
• 30-year fixed-rate mortgages, fully amortized
• No penalty for pre-payment.
• No maximum loan limit.
• Loan limits are based on borrower’s income with respect to program eligibility
• Program allows for credit scores of 620 and up

How to get started your USDA started…

• Contact Northwest Mortgage Experts to determine to determine if a USDA loan is the ideal fit
• NWME reviews your application and property to determine USDA loan eligibility
• Lock Interest Rate and start the loan process

We are Experts at closing USDA Mortgages in Washington State

If you would like to work with a trusted USDA professional based in Washington State, give us a call today. We provide an attractive mix of low interest rates, local expertise, and one-on-one customer service. Our motivation comes from building client relationships for life.

Ray Eickhoff
200 W Thomas Suite 560
Seattle, WA 98119
Phone: 206-303-8526
Ray@NWMortgageExperts.Com