The USDA Guaranteed Rural Housing loan program provides moderate-income families with access to affordable home ownership in eligible rural areas. As an approved USDA lender, I provide home purchase financing requiring no down payment and can finance loan closing costs and repairs up to the property’s appraised value.
I don’t think that saving for a down payment should be the reason you put your dreams on hold. We can help you buy your dream home with a zero down mortgage loan, in select areas. You’ll not only be able to afford a home sooner, you’ll probably be able to afford more home. With a zero down mortgage, the amount of loan you can qualify for is determined by your ability to make your monthly payments rather than how large a down payment you’ve saved. And, for most buyers, this means qualifying for a larger loan.
USDA loans are subject to an up-front guarantee fee, which may be financed into the loan amount; as well as monthly mortgage insurance payments. Subject to credit approval and program guidelines. Income and property eligibility requirements apply.
Let me help you explore all your mortgage options. I look forward to helping you!