Comments on: what is a rural develop loan? http://bankhomesforsaleblog.com/bank-repo-homes/what-is-a-rural-develop-loan-2 bank houses, auctions, repo homes and more Sun, 01 Aug 2010 09:12:07 +0000 http://wordpress.org/?v=2.5.1 By: matzael http://bankhomesforsaleblog.com/bank-repo-homes/what-is-a-rural-develop-loan-2#comment-15860 matzael Tue, 02 Oct 2007 20:22:32 +0000 http://bankhomesforsaleblog.com/bank-repo-homes/what-is-a-rural-develop-loan-2#comment-15860 You pretty much did hit the jackpot. Congratulations. A rural development loan is a government sponsored program that lets you purchase a home and the government insures it for the bank. It's similar to an FHA mortgage, but it's a bit cheaper and can only be used for a purchase. The rates and terms are pretty competitive with the better mortgages out there. It sounds like you also got a real deal on the home. Since it sounds like you plan on living there for a while it probably doesn't matter that it sounds like a resale in that market would take quite a while.<br><b>References : </b><br>mortgage broker You pretty much did hit the jackpot. Congratulations.

A rural development loan is a government sponsored program that lets you purchase a home and the government insures it for the bank. It’s similar to an FHA mortgage, but it’s a bit cheaper and can only be used for a purchase. The rates and terms are pretty competitive with the better mortgages out there. It sounds like you also got a real deal on the home. Since it sounds like you plan on living there for a while it probably doesn’t matter that it sounds like a resale in that market would take quite a while.
References :
mortgage broker

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