You could qualify for a Tulsa RHS mortgage

A Tulsa RHS mortgage is a possible option for customers who are looking for a Tulsa mortgage but might not have the required down payment needed for a Conventional or FHA loan.

A Tulsa RHS mortgage (Rural Housing Service) is a loan that is made or guaranteed by the USDA. Unlike with an FHA Tulsa mortgage or a Conventional Tulsa mortgage, the property that is to be purchased with the Tulsa RHS mortgage must reside in areas that have been previously determined by the USDA as a 'rural' area.

Don't let the term rural deter you from looking into this option. Many areas that are deemed rural by the USDA and therefore qualify for a Tulsa RHS mortgage are actually heavily populated areas. You might already live in an area that is deemed rural right now and not even know it!

Also, people that wish to use a Tulsa RHS mortgage must meet certain household income restriction guidelines that are also predetermined by the USDA. There are two main benefits of using a Tulsa RHS mortgage over an FHA Tulsa mortgage or a Conventional Tulsa mortgage.

First, a Tulsa RHS mortgage does not require a set percentage of the home purchase in the form of a down payment. The other main benefit of a Tulsa RHS mortgage is that PMI is not required, as the government (USDA) guarantees the loan. The Currington Mortgage Company is here to help you with your entire Tulsa RHS mortgage and Tulsa mortgage needs.

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