no down payment mortgage: 100% Financing USDA Rural Development Loan
- 03/23/10 03:03 AM
100% Financing USDA Rural Development Loan The USDA Rural Development Loan is the only loan currently available offering 100% Financing. In addition, there is no PMI (Personal Mortgage Insurance) required which is typically required with other mortgage loans. With the first time homebuyer credit apparently coming to an end. (You must be under contract by the end of April and close by the end of June as it stands today), the only other true draw for the real estate market is the 100% Financing USDA Rural Development Loan. It has recently been announced that the funds for the USDA Rural Development Loan … (5 comments)
100% Financing USDA Rural Development Loan The USDA Rural Development Loan is the only loan currently available offering 100% Financing. In addition, there is no PMI (Personal Mortgage Insurance) required which is typically required with other mortgage loans.
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