The Villas at Lake View offers the areas only gated townhouse community. It is located only minutes from Princeton and Bluefield. It is adjacent to a scenic lake and county park (Glenwood Park). With it being a fully maintained community it is the perfect place to retire and relax.... more
Yes! Princeton, WV is an area that's eligible for the no money down USDA mortgage.
One of the best things about the USDA program is the monthly mortgage insurance is substantially cheaper than FHA or conventional options.
For example: On an FHA loan of $150,000, the MMI (monthly mortgage insurance) would add $168.75 to your monthly payment but on a USDA mortgage it would only add $62.50!
The other nice thing is USDA will actually allow you to roll in your closing costs as long as the appraised value supports it.
Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.
Please feel free to contact me for more information or help.
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
We offer FHA financing in West Virginia, I'd be happy to answer your questions & review your situation to determine if you could qualify for FHA financing, or if there are other options you may want to consider as well.
http://www.hud.gov/ll/code/llslcrit.cfm is HUD's FHA approved lender search tool. It doesn't list anything for Princeton, WV. However it only lists lenders, not mortgage brokers, so there could be a mortgage broker in Princeton who is approved to do FHA loans through a mortgage lender located outside of the area.
Shane Milne | Loan Officer in Orange County, CA | NMLS #81195
Direct local #'s: 949-273-4161 or 646-257-4842
Lending in all 50 states, all types of mortgages... more