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John The Mortgage Man
4838 Holly Rd. Suite 201
Corpus Christi, TX 78411
(361) 510-1420johnthemortgageman@hotmail.com
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USDA Loan Basics

INTRO

If you’ve been looking for a loan that offers the lowest down payments and easiest qualification requirements, then USDA or rural housing loan is what you are looking for. You can own a home with NO MONEY down and you don’t need perfect credit either. Get this report to learn more about this great program.

REPORT

The USDA Rural Development Loan Program is a fantastic no money down, 100% financed USDA loan program that is ideal for certain homes and certain buyers. The big thing to remember about a USDA loan is that not all areas qualify for it. Like the name says “rural” means this is not a loan for larger metropolitan areas. So if you are looking to purchase a home in one of those areas this loan is not for you. However that doesn’t mean you need to live on a farm, the USDA loan works for areas just outside of larger cities. In fact some of the largest cities in the US have areas that qualify for the USDA program that are just a short drive away from the heart of the city.

The USDA loan has many benefits, here are the basics.

No Down Payment– The USDA program is one of the only programs available where you don’t have be a Veteran and get a loan without paying a down payment. Down payments are usually the biggest reason people can’t buy a home. The USDA loan removes that obstacle.

Easier Qualification Requirements – As conventional loans are getting harder and harder to qualify for, the USDA loan program is more and more becoming a great alternative for those who have been looking to purchase home and have not been able to qualify for conventional loan. The USDA loan was created to help develop smaller cities, so the qualification requirements are a lot easier to meet. You don’t need perfect credit, you need a minimum of 620.

No Mortgage Insurance– Like all government loan, they have the backing of the government which eliminates the need for private mortgage insurance. This can save you hundreds of dollars a year.

Lower Interest Rates– Because the goal of a USDA loan is to help grow rural areas, the interest rates are lower to entice people to move in. That means you pay less for the same home if you get a USDA loan over a conventional loan.

As you can see the USDA has many benefits and is the permier loan program in terms of ease to qualify for, and getting you in a home for the least amount of money possible. You need to purchase a property in designated USDA areas, we can show you the areas around town that do qualify. There are loan limits however they vary from county to county. Contact us and we will show you everything you need to know about a USDA loan and if it is the right loan program for you.


Meet them man…the mortgage man.

Mortgage Man
csmmog .
csmmog .
20:16 27 Sep 19
John's team interfered in the real estate contract by trying to negotiate a ridiculous temporary lease and 90 day extension then telling the buyer and the buyers agent the deal was done. When I wouldn't agree to a 3 month extension and allow the 'buyer' to move in with no credit report and no real lease, John's team's advice to the buyer was to lower their lease offer. He just couldn't make the loan happen in the first 10 day extension period HE proposed. Kind of Hinky - the lender contacting the seller directly.read more
Mark Foster
Mark Foster
11:17 30 May 19
John and his team worked diligently to make the process as easy as possible. They kept me informed and sent me step by step what they were doing so I always knew where we were in the process. I had a very low credit score and they still made it happen! Thanks John, Troy, Allan and the whole team.read more
Rich and Bekah Roberts
Rich and Bekah Roberts
17:43 24 May 19
John and his team are excellent at what they do. Very friendly and helpful, yet also down to earth and realistic about your ability to attain such and such mortgage. John will let you know if your "dreams" are a match with the reality of your financial situation. John wants you in a mortgage, but he wants you in one you can afford comfortably. I had numerous questions throughout process, and John gladly answered each and every one. I am very grateful my wife and I chose John, and would do so again if/when we have other mortgage needs. If you're ready to buy a home, you wont be disappointed with John McCoy!read more
Jeremy Dean
Jeremy Dean
06:16 07 Mar 19
John the Mortgage Man worked to get me and my wife into our first home this year! We had some issues with low funds, high debt and bad credit, but John helped us to determine how much we needed to save up to get in the home we wanted. Once we got there John was able to hook us up with a lender and get us a good deal on a loan. We closed in just over two weeks from the time we found a house that we wanted! John always made us feel at ease and answered any questions we had. Very knowledgeable, very responsive and very kind! Thank you John for everything! Highly recommend!!!read more
John McCoy
John McCoy
15:12 19 Feb 19
John made getting our loan processed very efficient and worry free. He will do the same for you!
CJ
CJ
19:47 20 Oct 18
12 days from application to closing, now that's fast! Great overall service, everything John said he would do, he did it. My clients were thrilled.read more
Frank J Rosati
Frank J Rosati
19:15 20 Oct 18
John made everything easy for the purchase. He had everything covered (all the associated costs, paperwork) that I needed to close. It was a pleasure to work with him again (this is my second time working with John) and I would highly recommend him to anyone looking to finance a home.read more
debbie powell
debbie powell
19:05 19 Aug 18
John goes out of the way for you to make sure you are informed, kept up to date, and always professional. Definitely goes the extra mile to help! Everything is done in a timely manner. Thanks so much John! This is my second mortgage through John McCoy and team.read more
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John McCoy NMLS #308360
MBN Financial NMLS# 1009879

John The Mortgage Man
4838 Holly Rd Suite 201
Corpus Christi, TX 78411
(361) 510-1420johnthemortgageman@hotmail.com