USDA Loans. 0% Down Payment!!!!!!

By
Mortgage and Lending with www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo NMLS #293883
http://actvra.in/7lt

USDA Loans are mortgages for Homes that are found in Rural areas.  If you are thinking of buying a home in a rural area you can not beat this loan option.  Here are the highlights for:

  1. You will not need a down payment.  That's right 0%!!!  FHA loans require a down payment of 3.5% and a conventional can require 5% or more. 
  2. And the seller can pay all or some of your closing costs.  This would allow you to get in the home with the least amount of money possible.
  3. You will not have any monthly mortgage insurance.  This will give you an even lower monthly mortgage payment then a conventional loan or a FHA loan.
  4. USDA loan is a government backed loan. 

To qualify for a USDA loan you must meet the income requirements and the home must fall in the designated Rural area.  You would be surprised to see which homes qualify, many fall in areas that you and I would not consider rural.  To find out if a home qualifies check out: USDA.  Call me Today to make sure you are getting the best mortgage possible. 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Amy Sharrow 04/18/2011 12:07 AM
Topic:
ActiveRain Community
Location:
Texas Fort Bend County Sugar Land
Groups:
Texas Gulf Coast
Tags:
texas
fha
down payment
montgomery
usda
mortgage insurance
0
county
no
fort bend
harris
mortgage
no mi
brazoria

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Rainer
37,610
Amy Sharrow
Mountain Top Producers - Running Springs, CA

We are currently in escrow with a buyer using this program.  So far so good.....

Sounds a little too good to be true, but a ray of hope for many these days, for sure!

Mar 24, 2011 02:05 PM #1
Rainmaker
363,786
David Krichmar
www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo - Sugar Land, TX
DaveYourMortgageguy.com

thanks Amy, yes it is an amazing program. 

Mar 24, 2011 02:11 PM #2
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Rainmaker
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David Krichmar

DaveYourMortgageguy.com
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