Katz Mortgage Team, backed by VanDyk Mortgage Corporation, offers 100% USDA, Rural Development loans in rural areas to low, and moderate income families. Our various programs assist numerous individuals and families who would normally be unable to obtain the necessary financing for the purchase of their home. We handle all these transactions in house so that your deals close smoothly, and on time. Please feel free to call toll-free 866-742-8400 to discuss your specific 100% financing options.
Under the Section 502 Guaranteed Rural Housing Loan Program, applicants may have an income of up to 115% of the median income for the area. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance. In addition, applicants must have reasonable credit histories.