C&T Mortgage Inc.
C&T Mortgage, Inc
16718 House Hahl Rd Ste H
Cypress, TX 77433
Company NMLS: 1231852
Individual NMLS: 1310829
United States of Department of Agriculture Loans ( USDA )
Mortgages backed the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan program. Rural development is the process of improving the quality of life and economic well-being of people living in relatively isolated and sparsely populated areas.
$0 Cash down
NO mortgage insurance
41% Debt to Income Ratio
50% of the area median income very low, while low sits between 50%-80%
Borrowers to have at least a 620 score
Guarantee Fee rolled into the loan amount (102 percent financing)
Loans up to 33 years for those with incomes that are above 60% of the average median income for the area