There are many advantages of the USDA 100% Guaranteed Rural Housing Home Loan.
Here are a few:
No down payment; a true 100% loan product.
No cash reserves required.
Generous income limits.
Very low monthly mortgage insurance.
No purchase limits.
Sellers may pay all closing costs.
Gift funds are allowed.
Very low interest rates.
Thirty year fixed rate term.
Repairs may be financed up to 100% of the appraised value or "as improved" value.
Not just for first time home buyers.