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. 

Rates and more info

  • $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

 

To see what area qualifies for this program click on the link below. 

USDA Loanshttp://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

.Any complaint against C&T Mortgage or Jennifer No should be reported to https://www.sml.texas.gov/index.html
calling its TOLL-FREE CONSUMER HOTLINE AT 1-877-276-5550,
BY FAX AT 512-475-1360, OR BY EMAIL AT SMLINFO@SML.STATE.TX.US, NMLS #1238152

Cypress Mortgage Pro

C & T Mortgage, Inc.

16718 House Hahl Rd Ste H  Cypress, TX 77433

 Cell 936-525-7225

Office 832-220-1480

Other 936-522-7193

NMLS# 1368889

NMLS# 1310829

Company NMLS # 1231852

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