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Eagle Home Mortgage Announces New USDA Rural Streamlined Refinance Home Loan
Eagle Home Mortgage recently announced that it will participate in the USDA Rural Home Loan Refinance Pilot Program. This new program makes refinancing faster and more affordable for homeowners with existing USDA Rural Home Loans.
These homeowners, who live in areas designated as rural by the USDA, may be able to refinance without incurring the cost of an appraisal. In addition, closing costs and up-front loan guarantee fees can be financed into the loan amount up to certain loan-to-value limits. The borrower must be current on their existing USDA loan, having paid their last 12 consecutive payments on time (i.e., no late payments). Employment verification is not required, however, there is certain income and geographic limitations and loans seasoned less than 12 months are ineligible.
Eagle Home Mortgage is a full service mortgage company headquartered in Bellevue, Washington. Founded in 1984, the company has 60 offices in eight states and is an affiliate of Lennar Corporation (NYSE:LEN), an S&P 500 real estate and financial services leader.
In addition to the USDA's Rural Home Loan Refinance Pilot Program, Eagle Home Mortgage offers a variety of purchase and refinance home financing products including Conventional, FHA, VA, Jumbo, Renovation/203K and Manufactured home loans.
Eagle Home Mortgage is located at 9633 Levin Road NW, Suite 104, Silverdale, WA 98383.