Wow!! Rural Housing Loans - You need this info

There is a loan program that just begs to be looked at, Rural Housing Loans. This may be for you or your children. If you find the right home in more of "rural" Cache Valley, this may be the loan for you.

1. Couple with no children - Salary cap is approximately $53K. It goes up from there.
2. Must live outside of Logan, Providence, North Logan, and the north end of Nibley. If you have questions, email me and I will send you a map.
3. Can qualify with credit in the high 600s.
4. No mortgage insurance.
5. FHA loan, so all you need is 3% down.

Now is so the time to buy. Interest rates are still low. I am working with a lender that I love and he is able to give you the info that you need on these or any other home loans.

Russ Piggott
MetLife Home Loans
45 East 200 North, Suite 102
Logan, UT 84321
435-792-4600

Please email me if you have any questions. Remember, I am always working for you!

Utah is not the norm for the poor economic outlook

Don't get too excited about the poor housing news that is out there. Utah (and especially Cache Valley) is on the cusp (yes cusp!) of turning things around. Prices have not slipped here as they have nationwide. Believe me, I know. I have a rental home in Arizona that is worth $40,000 less than when I bought it a few years ago.

Cache Valley is still seeing sales, more so in the below $200K range. Interest rates are low, and soon to go lower, if the Fed does what is expected today. Great deals are to be had in the above $200K range. It is time to buy. If your credit is decent and you are ready to pack a few boxes, now is your chance to have an interest rate below 5% on a 30-year fixed.

Do not believe that Cache Valley is going to depreciate. The prices here have been lower than the national average for years. We are slow to move up and also slow to move down.

Call me if you have any real estate questions, or just want to chat.