100% Loans for homes in Select areas of South Carolina! Conway SC - Longs SC - Loris SC - ?

I'm sure you've heard the phrase "no money down" plenty of times throughout your lifetime (mainly with cars and rent to own furniture stores), but you never thought you would hear those words pertaining to Real Estate? Well... guess what? Now, with the availability of USDA loans and/or rural housing .. "no money down" can get you in your first home for the price of a rental!! I know that you are most likely thinking to yourself that this is wayyy too good to be true and the answer to that is... not entirely. Before you start dreaming of your new mansion on the ocean, let me tell you that there are a FEW stipulations. Here are some highlights of your typical usda loan

 Income limitations (based on Horry county medians)

41% debt to income max

Full documentation only

100% financing

No monthly mortgage insurance

620 minimum credit score required  NO exceptions

Current rate 5.00% on a 30 yr fixed

Must be a single family detached home (no condos or townhomes) in a rural (approved) area. Conway SC is an example.

I'm sure you are wondering about the closing costs and pre-paids that the 100% loan wouldn’t cover (which are typically 3% of the purchase price). Well, with the current housing market many home sellers are willing to help you get in to your new home by paying your closing costs for you (or adding them on to your final negotiated price).

Now that you have some of the facts and if you are ready to start on the road to home ownership (an investment in your future).. call Jake Lee 843-240-0431 or Ann McKinnon 843-907-6899 to start looking for your new home today!! You can also visit Jake or Ann on the web at www.SCRealEstatePartners.com to browse some homes and check out some informative articles and/or videos about our areas.