I spend a lot of time digging for real opportunities to finance a home, and believe a 100% down payment option can be a great tool if used the correct way.  Here's the latest opportunity coming from the executive office to lighten the loan on pockets while making your dream of homeownership come within reach.  Here are some features of the program:

•·         100% financing, no down payment required

•·         No monthly mortgage insurance

•·         No maximum purchase price

•·         Flexible credit and qualifying ratios

•·         30 year fixed rates

•·         Generous adjustments to assist more homebuyers qualify

•·         NOT just for first time homebuyers

•·         2% Guarantee Fee charged to the lender at closing by the USDA and they typically pass the fee on to the borrower

•·         Mortgages are funded by lenders approved by the USDA

Remember, 100% financing doesn't mean you don't need money.  You do!  You still have to be able to make your payment, fix the boiler, repair the roof or whatever might else might come up in gloriously fulfilling dirty job of home ownership. 

Eligibility for the Program:

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

USDA General Site:

http://www.usda.gov/

Your success is my success, so let's all shine!

Cree