While there are sections of the state that are out of bounds, there are whole counties that this is very useful home loan product and it is a great option for those that may have a limited income.  This can also be used for new construction and even development of new home sites. 

There are few stipulations and each address must be verified, but for more information visit Indiana USDA for more information.

Here is a great scenario to think of as well, since this is a no-money down program, but with the tax credit from US Gov't some buyers may be eligible for up to $7500 in tax credit.  (please consult and tax advisor and while at times, I think I am a know it all, I am not) 

Other Highlights:

• No Mortgage Insurance
• Seller can still pay closing costs (up to 3%)
• MFG Homes allowed (depends on previous loans)
• is available all across the state. 
  

for more informaion and to see if this product can be used for your next purchase visit Indigo Financial Group

Dave Woodson

The Indiana USDA Home Lender