For the longest time I’ve been under the impression that 100% loans have not been available within Blacksburg and Montgomery County; those programs just haven’t been available. Then earlier this week, I learned of a program that StellarOne Bank has been offering to do just that.
Dan Green at The Mortgage Reports wrote a post this morning that talks about the new USDA guidelines for 100% mortgage loans, and I want to repost it here, because (a) I have two USDA loans going with Dan right now and his team is fantastic, and also because (b) he references Blacksburg VA and that’s kind of cool. Oh, and (c) because 100% loans are still available in some areas of the New River Valley.