Supplying Carrier Mills Illinois USDA Home Loans Since 1997
Carrier Mills, IL USDA Rural Mortgage
As an approved USDA Rural Housing lender, Smart Mortgage Centers is excited to bring you the option of a USDA mortgage in Carrier Mills . For those who qualify, 100% financing is available bringing the dream of home ownership within reach. With low interest rates and flexible guidelines a USDA home loan could help you achieve your financial goals.
Qualifications for a Carrier Mills USDA Mortgage
Eligibility is based both on the property and the borrower. The property must be located in a rural development eligible area, and be occupied as your primary residence. Your Smart Mortgage Centers loan consultant can help you determine whether there are properties near you that qualify. Even if you do not consider your area “rural” you may be surprised to learn there are eligible properties nearby. To qualify for a USDA Rural Housing loan a borrower must meet income (people who earn above a certain threshold are ineligible), credit, and employment requirements and be a US citizen, US non-citizen national, or a qualified alien. Contact us today and we’ll help you determine whether or not you may be eligible for Carrier Mills USDA financing. If a USDA mortgage is not a good fit for you don’t worry, we have a wide variety of home loan programs to help you meet your goals.
Call the USDA Mortgage Hotline
Toll Free 888-882-1058
3 Reasons to Consider a USDA Mortgage
- Rural homes in Carrier Mills, Illinois are often financed through USDA Rural Housing Loan programs. Although it is certainly not new, the USDA Rural Housing Loan program may be one of the most overlooked opportunities available to prospective home buyers. Established in 1949 by the US Department of Agriculture, its goal is to give residents of rural areas the opportunity to own a home and promote development in underdeveloped areas.
- There are certain eligibility requirements for both the borrower and the property to be purchased. Borrowers must meet certain income, credit and employment requirements while the home to be purchased must lie within the USDA’s Property Eligibility Map. Since the program began, over 2.7 million rural borrowers have become proud homeowners. Here are 3 compelling reasons why this is such an outstanding prospect for anyone thinking of buying a home:
- Rural does not mean remote Please do not assume that the eligible properties are all located miles and miles from civilization. A quick check with the USDA’s website will allow you to track down homes that meet the USDA guidelines. Guess what? Many of them are in close proximity to some of the nation’s fastest growing metro areas – including places surrounding major cities.
Find out if a Carrier Mills home is USDA Eligible
Toll Free 888-882-1058
Unparalleled affordability Carrier Mills USDA financing is one of the only mortgages available other than those for members of the US military that offers zero money down (note: there may be some programs available in certain locations where 100% financing may exist). It is an excellent option for those with lower incomes or less than perfect credit. Mortgage insurance is not required and loans can be used to purchase or refinance. Monthly payments are kept affordable, thanks to the fact that the loans are 30-year fixed rate mortgages. More borrowers are eligible than ever before As part of the American Recovery and Reinvestment Act that came about in 2009, the guidelines for USDA home loans have become more streamlined and opened the door for higher eligibility rates. Borrowers must still meet certain income requirements and provide a credit report; however, the guidelines are not as strict as they were previously. To learn more about Carrier Mills USDA Rural Housing loans and their eligibility requirements, discuss your home purchase plans with a licensed mortgage consultant from Smart Mortgage Centers.
Carrier Mills, formerly Carriers Mills and Morrilsville, also known as Catskin, is a village in Saline County, Illinois, United States. The population was 1,655 at the 2010 census. Carrier Mills was named after George Washington Carrier and his saw and grist mill, and was one of the early Cairo and Vincennes Railroad boomtowns. Carrier Mills has lost 44% of its population since the 1920 census high of 3,000. The village has a large African American population at 13%, compared to neighboring communities in the region, due to migration from the nearby community of Lakeview.
Carrier Mills has been nicknamed “Catskin” due to both an abundance of stray cats in town, and a late-19th century story of the first local merchandise and liquor store owner, Wes Cole, who was tricked by local kids into thinking a skinned cat hide was a mink stole in trade for a jug of whiskey. To this day Carrier Mills is host to the annual Catskin Days town fair and parade. The township’s school mascot is the Wildcat.