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Client Testimonials

"Shopping for home financing was frightening. I don't like pushy sales people. Tim's Citywide Team's people listened, and seemed different than other lenders. They were experienced and trustworthy. I couldn't believe it—they even guaranteed their rates and closing costs. I think they're wonderful!"

J. Hedberg
Minneapolis, MN
 
   
 U.S. Department of Housing and Urban Development (HUD)
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USDA Rural Housing Home Loans
Rural Housing loans work great when buying a primary residence in cities like Hudson, WI or Red Wing, MN. Buying a home in a smaller community with low rates, no down payment and no monthly mortgage insurance just got easier.

To determining if a property is located within a Rural Development designated area, visit: USDA Income and Property Eligibility Site

Here’s Why a USDA Rural Housing Loans Makes Great Sense!
  • Perfect for communities outside a metro area
  • No down payment required
  • No monthly mortgage insurance required
  • No cash reserves required
  • No seller contribution limit
  • No prepayment penalty
  • Loan up to 102% of appraised value (not the lesser of Sale Price or Appraisal Value)
  • Loan can include closing costs and prepaids above appraised value
  • No maximum loan amount (Maximum loan based on repayment ability)
  • No first-time homebuyer requirement
  • New and existing homes
  • Fully amortized 30-year fixed rate loan
  • No minimum cash contribution required from borrower
  • 100% gifted closing cost or down payment assistance permitted
  • Non-traditional credit may substitute for lack of traditional credit history
  • No derogatory credit explanations required when credit score is 620 or above
  • Rent is not verified with FICO of 620 or more
  • Competitive rates
  • Credit history must indicate a reasonable willingness to meet obligations when due
  • Streamlined credit approval when primary applicant has a middle credit score at 620 or above

Tim's Citywide Team listens carefully to your needs, and then helps select the best available loan. We’ll guide you through the loan process and guarantee complete satisfaction. Live the American dream. Call a Tim's Citywide Team Specialist today to help make your dreams come true.