USDA Rural Guaranteed 100% Loan Program for Jefferson County
By Fred Chamberlin, Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant
(Guild Mortgage Co - Oak Harbor WA)
I have had several people interested in obtaining a USDA home loan for property in Jefferson County. I've put together a map of part of the county that should help in identifying areas that qualify for this program. As you might know - it's one of the last TRUE 100% home loans available - and it doesn't have PMI! The rates are comparable to FHA, so it's a very affordable payment! You do not have to have PRESTINE credit, but we generally want to see scores above 580, and 12 months of "clean credit." USDA does require that the property be located in a less populated area. It does not need to be a farm - but it can't be located downtown either. The "darker" area does NOT qualify. However, as you can see - that is basically the Bend urban growth boundary and anywhere else in the cou...