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Westmoreland Financial Services of Pennsylvania Inc. offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
USDA Home Loans The "No Money Down" & "Low Mortgage Insurance"
FIXED RATE MORTGAGES (FRM)
ADJUSTABLE RATE MORTGAGES (ARM)
Jumbo Mortgages
THE LIST GOES ON…

USDA Home Loans The "No Money Down" & "Low Mortgage Insurance"

USDA Loans - They're NOT for Farmers!

A USDA home loan has nothing to do with agriculture.

It's simply a government insured loan program directed to families in qualifying rural areas of the U.S. -- which generally include:

  • Communities outside of city limits

  • Communities with less than 20,000 people

It might surprise you just how many areas of the United States do qualify for these no money down, low mortgage insurance home loans.

The goal of the USDA loan program is to help our nation's smaller, rural communities thrive by making land and property more affordable.

 


 

Why Buy a Home with a USDA Rural Development Loan?

In a word: Affordability.

For starters, a USDA Loan is the only loan program offered to the general that allows you to finance 100% of your home's value. That means no down payment of any kind.

In addition, there is no monthly mortgage insurance payment with a USDA guarantee loan, which means more money can go to paying off the mortgage each month. USDA loans are made even more affordable through very competitive fixed interest rates, ensuring your payments will not increase every month.

  • NO down payment - Finance 100% of your home

  • NO monthly mortgage insurance

  • NO maximum loan amount

  • NO assets needed to qualify

  • Flexible credit guidelines

  • Competitive, fixed interest rates so payments do not increase

  • USDA Loans are for new and existing properties


FIXED RATE MORTGAGES (FRM)

Record-low fixed rates mortgage, also called a conventional mortgage, has a fixed interest rate for the entire term of the loan. Choose from terms of 10 to 30 years in five-year increments.

Term: 30 years   Maximum Amount: $417,000

ADJUSTABLE RATE MORTGAGES (ARM)

Super-low introductory rates
Introductory rate fixed for 1, 3, 5, or 7 years
Payments based on 30 year payoff


Jumbo Mortgages

A jumbo mortgage is a home loan for an amount above the standard conventional mortgage limits. The current jumbo mortgage range is $417,000 to $729,750. Jumbo mortgages usually have higher interest rates than conventional home loans because of their size and elevated risk.


THE LIST GOES ON…
The above programs are just a sample of what we offer.
To find the best program for your particular needs, please give us a call or stop by our office any time!




Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $12,510. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $30,000. Your actual APR may be different depending upon these factors.