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Alabama USDA Rural Development USDA Loans No Money Down Rural Housing
Alabama USDA Rural Development USDA Loans No Money Down Rural Housing
The USDA loan program is available to Alabama moderate income households purchasing a home in a USDA Rural Development designated area.  Alabama rural housing maximum household income and county eligibility requirements for USDA Loans are now available in one convenient location at USDARuralLoan.com.
 The benefits USDA Loans are as follows:
$0 Down Payment Required with Alabama USDA Loans $0 Monthly Mortgage Insurance Premiums on your USDA Loan $0 Cash required is possible at Settlement since: the Alabama USDA Loan allows the seller to pay unlimited closing cost to cover the buyers closing costs and escrows if the house appraises for more than the purchase price the difference between appraised value and purchase price can be used to cover a home buyers closing cost and escrows.  The Alabama USDA Loan is the only loan program that allows for the appraised value to be used to establish the maximum loan amount USDA Loan allows a combination of these two Extremely flexible credit requirement with a minimum 640 middle credit score House types allowed include single family homes, townhomes, and condominiums The Alabama USDA Loan Program is the best no-to-low down payment mortgage payment for borrowers who aren't eligible for the VA Loan.  Compared to a FHA ... more

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