Refinance USDA Rural Home Loan

Why It’s Time to Refinance Your USDA Rural Home Loan.. Now..

Many Arizona home owners who have existing USDA Rural Home Loan may be eligible for the program allowing for a Streamlined Refinance of their existing USDA Rural Home Loan into a lower fixed rate monthly payment.

But waiting a few more months to refinance your USDA Rural Home Loan might not be a good idea.

Here’s why…

The Central Bank has been buying mortgage backed securities in an effort to keep mortgage interest rates artificially low for a sustained period of time.  Their goal was to buy $1.25 Trillion in mortgage backed securities by March 2010.

Fed Chairman Ben Bernanke reiterated last Monday that the Fed’s buying program will end in March.  The Feds currently hold just over $910 Billion in mortgage backed securities.

So once the Fed’s effort to keep mortgage rates low ends in March 2010, rates should rise.

Highlights of the USDA Rural Home Loan Refinance:

  • Refinance of an existing loan can be either a USDA Guaranteed Loan or a USDA Direct Loan
  • Grandfathered eligibility even if the property is no longer in a USDA Rural Home Loan eligible area
  • The refinance interest rate of the new USDA Rural Home Loan MUST be at least 1% lower than the existing USDA Loan
  • May be able to refinance even if you owe more than your home is worth – No Appraisal Option
  • May be able to refinance without an appraisal in most circumstances

Find out today if you can quickly and easily refinance into a lower payment USDA Rural Home Loan.

To Refinance your USDA Rural Home Loan click on the Get Started tab above or click here.  You can also ask a question about getting a refinance for a USDA Rural Home Loan on Get Started tab.

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