If you are a buyer looking on Mt. Hood in Welches, Sandy, Brightwood, Rhododendron or Government Camp you should be aware of the USDA loan available for buyers who meet certain income requirements. Although this loan is not available for second homes or investment properties, it is great for a primary home purchaser. Believe it or not, 99% of Oregon is elegible for this rural development loan!

I recently attended a semiar on this program and our area qualifites as a "rural development" area. Here are some of the incredible benefits of qualifying for this loan which makes it even more attractive than FHA or VA financing:

1. 100% financing with a 2% upfront funding fee that can be paid by buyer or seller.

2. No PMI (Private Mortgage Insurance) saving you money every month!

3. You only need a 620 credit score!

4. They only offer one type of loan and this is a 30 year fixed rate loan.

5. No maximum purchase price.

6. No limit to seller concessions or gift funds.

Visit this website for further information.