Guaranteed Rural Housing

• 102% financing based on appraised value. If appraisal value exceeds sales price, borrower can finance closing costs.

 

• 1-time upfront guarantee fee of 1% and a monthly mortgage insurance at .35%.

 

• No asset requirements.

 

• No first time homebuyer restrictions and no purchase price limitations!

 

• No minimum cash contribution from borrower and it’s even possible to get your earnest money back at closing!

 

• 6% seller concessions and 100% gifting is allowed

 

• Eligibility
  • Borrower(s) must be a U.S. citizen, a U.S. non-citizen national or a qualified alien
  • Must have an adjusted household income that is within Rural Development guidelines based on the
    • number of persons who will occupy the house
    • Property must be a primary residence
    • Property must be located in an eligible area

First-time Homebuyer Program with

Wyoming Community Development Authority

• Down payment assistance available from WCDA

 

• Below market rates for 30 year mortgages

 

• 10 acres max

 

• Must have an adjusted household income that is within WCDA guidelines based on the number of persons who will occupy the house

 

• Certain purchase price limitations apply depending on the county where you will purchase your home