Rural development loan program available from MBF

March 18, 2010

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It’s important to know which loan programs are currently available. It could mean assisting a buyer that you thought might not be able to purchase a home! Metro Brokers Financial is confident in their ability to offer the freshest loan products to assist sales associates with closing buyers. In addition to FHA, VA and Conventional loan products, MBF has a variety of other specialty loan programs that can offer homebuyers even better opportunities in particular situations:

Rural Development

This special loan program is a 102%, no money down loan program developed by the United States Department of Agriculture (USDA) to encourage growth in rural areas of Georgia. To qualify, the homebuyer must be located in an eligible area: http://eligibility.sc.egov.usda.gov.

Advantages of the Rural Development Loan include:

  • Zero down
  • No mortgage insurance
  • No payment reserve requirement
  • Not limited to first-time homebuyers
  • Primary residence only
  • All closing costs and prepaids may be paid by seller

A full-service mortgage company founded in 1990, Metro Brokers Financial is the in-house mortgage company for Better Homes and Gardens Real Estate Metro Brokers and serves the 20-county Atlanta region through 23 area offices. The Atlanta Business Chronicle (ABC) and the Georgia Association of Mortgage Brokers (GAMB) have named MBF as the number one residential mortgage broker for five straight years.

This loan program may only be available for a limited time, so contact your MBF loan officer today at 404.847.2525 for further information or visit www.metrobrokersfinancial.com.