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Rural Development Loans

Rural Devolopment Loans offer 100% financing to households that do not exceed more than $74,500.00 annual income. 

You do not have to be a ‘first time homebuyer’ in order to obtain a RD loan; but, you cannot currently own another home & be eligible to purchase another one with RD financing! There is no time limit after you sell your home to be eligible for a RD loan and the seller is allowed to pay up to 6% towards ‘seller paid closing costs’ on behalf of the buyer. Rural Development loans can only be acquired in a 30 year mortgage loan. Rural Development loans for properties located in Knox County have to be eligible according to the guidelines and those can be found here--https://eligibility.sc.egov.usda.gov/eligibility/assessmentType.do

 


Peoples Home Equity
8351 East Walker Springs Lane
Suite 200
Knoxville, TN 37923
Phone: 865.936.9100
Fax: 877.235.3633
Email: info@marissaandmargo.com

Testimonials

Completed transaction in December 2018 in Knoxville, TN.
From my initial contact (which was by accident) to my day of closing,I felt as if I was their only client. I thought I called another mortgage company but was so happy that I ended up working with Marissa (and everyone else). I received above and beyond customer service which always included detailed information regarding current or upcoming paperwork or tasks. Every person that I came in contact with was pleasant and happy to help with anything I needed. I will happily refer everyone I know ❤️
Kristy N.

It had been the easiest and best experience for something so stressful. Everyone was great love them all!
Auston B.
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Marissa French NMLS # 184740 & Margo Krogulski NMLS # 184738

Visit the NMLS Consumer Access website for regulatory information about us.

Cardinal Financial Company, Limited Partnership (NMLS ID 66247).

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