Supplying Justice Illinois USDA Home Loans Since 1997
Justice, 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 Justice . 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 Justice 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 Justice 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 Justice, 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 Justice home is USDA Eligible
Toll Free 888-882-1058
USDA Affordability
Unparalleled affordability Justice 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 Justice USDA Rural Housing loans and their eligibility requirements, discuss your home purchase plans with a licensed mortgage consultant from Smart Mortgage Centers.
Justice is the legal or philosophical theory by which fairness is administered.[2] As with most philosophically-driven disciplines, the concept of justice differs in every culture. An early theory of justice was set out by the Ancient Greek philosopher Plato in his work The Republic. Advocates of divine command theory say that justice issues from God. In the 17th century, theorists like John Locke advocated natural rights as a derivative of justice.[3] Thinkers in the social contract tradition state that justice is derived from the mutual agreement of everyone concerned. In the 19th century, utilitarian thinkers including John Stuart Mill said that justice is what has the best consequences. Theories of distributive justice concern what is distributed, between whom they are to be distributed, and what is the proper distribution. Egalitarians state that justice can only exist within the coordinates of equality. John Rawls used a theory of social contract to show that justice, and especially distributive justice, is a form of fairness. Property rights theorists (like Robert Nozick) take a deontological view of distributive justice and state that property rights-based justice maximizes the overall wealth of an economic system. Theories of retributive justice are concerned with punishment for wrongdoing. Restorative justice (also sometimes called “reparative justice”) is an approach to justice that focuses on restoring what is good, and necessarily focuses on the needs of victims and offenders.[4]