[United States, 10/24/2017] – Individuals who want to join America’s rural community could take advantage of the Rural Housing Loans of Primary Residential Mortgage, Inc (PRMI). The company’s Rural Housing Loans are available as a 30-year option with a fixed rate. Moreover, they do not require a down payment. Customers also have lower monthly payments because the loans do not require mortgage insurance. To be granted a loan, customers would have to have a minimum credit score of 640.

Loan Variations

The criteria for what is “rural,” as determined by the United States Department of Agriculture, varies according to state. Meanwhile, the maximum loan limit a customer can obtain varies across counties. Additionally, the income eligibility cap depends on the community.

PMRI’s Wide Range of Loans

Aside from Rural Housing Loans, the company also offers 30-year Fixed Rate Mortgages that have consistent monthly principal and interest payments. Customers who want to pay off their houses twice as fast could take advantage of the company’s 15-year Fixed Rate Mortgage. If homebuyers are looking for easier down payment options and credit score requirements, they could apply for an FHA Loan.

The company also provides Jumbo Loans, which exceed the conventional loan limits set by Fannie Me and Freddie Mac. Through this loan, homebuyers can borrow up to $2.5 million. Customers who are eyeing renovations on their new homes can opt for the FHA 203k Loans, which allows for six months of repairing or remodeling.

The country’s veterans could apply for the company’s VA loans, which has helped about 20 million families in the country. Like the Rural Housing Loan, the VA Loan does not require a down payment or mortgage insurance.

About the Company

Primary Residential Mortgage, Inc. is a Salt Lake City-based mortgage firm that offers a wide range of loans. The company believes in empowerment, excellence, happiness, integrity, stability, and teamwork. Aside from providing loans, the company also runs the PRMI Giving Network, dedicated to creating a positive impact in communities across the world.

For more information, visit https://www.primaryresidentialmortgage.com/.