Bond prices climbed for the fifth straight session Thursday, helped by a government auction of 30-year bonds. The dollar fell against the euro and gained versus the yen. That should keep mortgage rates on the way down. Ny tuesday of next week should be prime for locking conforming loans.
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Borrowers participating in the Rural Development Program may have an income of up to 115% of the median income for the area. The allowable income depends on the county where the subject property is located and the number of members in the household. For more information regarding the income limit...
All of Sussex County in Kent County the City of Dover is ineligible but the rest of the county qualifies No First-Time Buyer RequirementThe Rural Development Loan is available to borrowers in need of housing?even when they have owned a home in the past. The loan is also available to borrowers ...