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.

Brick HouseA 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.

 

 Currently there are 32 homes that qualify for No Money Down Rural DevelopmentGraph Chart for Homes Financing in Pineville Louisiana.

  • Price Ranges- $69,500 to $279,500
  • Sizes- 3 Bedrooms 1 Bath to 5 Bedrooms 4 Baths

 

 

 

 

 

 

 

 

 

 

 

 

There are many wonderful properties that qualify for No Money Down Rural Development Financing outside of Alexandria, LA also.

Call today for a complete list at 318-880-1270. These properties move quickly due to the amount of purchasers in our area using this type of financing. Don't miss your dream home.

David Beckham 318-880-1270

Your Louisiana Real Estate Connection

 

 

 

 

 

COPYRIGHT 2013 David Beckham

 

 

David Beckham is Licensed by the Louisiana Real Estate Commission. KELLER WILLIAMS REALTY CENLA PARTNERS 3600 Jackson St Suite 123 Alexandria LA 71303 USA. Each Keller Williams Realty Office is Independently Owned and Operated Office 318-619-7796

 

 

 
Star Posted by David Beckham - Your Louisiana Real Estate Connection on 08/13/2011 11:43 AM   Comments (11)   Home Buyers in the Home Buying Channel   100 financing, no money down mortage  
Short URL: http://actvra.in/gFR

11 Comments on No Money Down Rural Development Financing in Pineville Louisiana

AUG
13
2011
177,423 Points Outside Blog Attended Rain Camp

NIce post !! Most people don't know about USDA lending program.  The more we get the word out, the more sales we can make.  Good luck, and hope you get lots of buyers
3:57pm • #1
2 Featured Posts

RD is the best option out there if you're in an area that is ELIGIBLE.

GO GET EM!
4:42pm • #2
4 Featured Posts Attended Rain Camp Called Shot Master

Thanks Everyone! In our area this is a very popular financing option. More people use this than FHA or conventional here.
6:21pm • #3
535,883 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Can folks do Rural Development loans on Mobile homes?
7:25pm • #4
1 Featured Post

I think it's very popular all over Louisiana. I rarely work with a client who doesn't go RD or FHA.

Doug at #4, the answer to that question is that only a brand new mobile home that will be permanently attached to the buyer's property will be RD eligible. I've never tried it, but I had a seller for whom we had to retrofit her foundation to make it FHA eligible and I was told at that time the info about mobile homes going RD.
9:11pm • #5
589,475 Points 31 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Rural development loan is my favorite loan and you are right its very popular indeed even here in Calcasieu parish.  It may take a bit longer in underwriting since the file is manually underwritten but if buyers are patient its a great loan.  My husband is a loan officer and he just told me RD is running a back log meaning its so popular that it is taking about 7-8 days longer
11:54pm • #6
411,472 Points 15 Featured Posts Outside Blog Called Shot Master

I think this is a terrific program especially for first time home buyers.  Great information.
11:59pm • #7
AUG
14
2011
177,683 Points 1 Featured Post Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

I love this program... just wish they could get closed quicker!
12:38am • #8
156,802 Points 1 Featured Post

Informative post about a great program. Thanks for posting.
2:22am • #9
Attended Rain Camp Called Shot Master

We have that here in Tampa too!  Our probelm is that the program runs out of $$$$ too quickly!  It is a GREAT program, and helps a lot of people :)
6:52am • #10
1 Featured Post Outside Blog

Great program and great idea for a post.  Congrats on the feature!  I love RD but agree with Julie...wish they could close quicker. 
11:26am • #11

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David Beckham - Your Louisiana Real Estate Connection

Alexandria, LA

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Keller Williams Realty Cenla Partners

Address: 3600 Jackson Street Suite 123, Alexandria, LA, 71303

Office Phone: (318) 619-7796

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