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No Money Down Rural Development Financing in Pineville Louisiana
No Money Down Rural Development Financing in Pineville Louisiana
One of the more popular forms of financing in Rapides Parish is the USDA ( United States Department of Agriculture) Rural Development Loan. This program allows the borrow to completely finance all closing costs which allows for true 100% No Money Down Financing. No Money Down Rural Development Financing in Pineville Louisiana is especially popular. In our area Pineville can be a very broad term because this does not generally mean in the city limits.
A basic rule for No Money Down Rural Development financing in Pinveille Louisiana is that the property must be outside city limits. Now this does not necessarily mean 20 miles out of town. Great properties can be found near to the city or out in quiet country settings.
 


Basic Rules of Thumb for No Money Down Rural Development Financing
Property must be outside of actual city limits. The home must be in good condition. Pools are normally not allowed without a waiver. The Buyer's income must be under $75,000 per year. This amount includes both spouses. The onsite sewage system must be operational and inspected by The State of Louisiana.  
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