Carroll County, MD - USDA Approved Zero Down Home Mortgage Loans

By
Mortgage and Lending with Millennial Home Loans, LLC NMLS #133925

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Carroll County, Maryland - USDA Approved Zero Down Home Mortgage Loans

Believe it or not the U.S. Department of Agriculture (USDA) is in the zero down home mortgage loan business.  USDA offers through their Rural Development Loan Program zero down home mortgage loans with the goal of supporting home ownership for low to moderate income households in rural communities.

Imagine being able to purchase a house with a zero down home mortgage loan in Carroll County, Maryland with the following benefits:

  • The majority of Carroll County, such as Eldersburg, Hampstead, Manchester, Mount Airy, New Windsor, Sykesville, and Taneytown, are eligible for this zero down home mortgage loan program
  • No maximum loan amount
  • Seller paid closing cost assistance of up to 6% allowed to cover all closing costs and escrows
  • No Monthly Mortgage Insurance Premium
  • Flexible credit approval with a 620 credit score
  • All property types allowed including single family homes, townhomes, condominiums, and modular
  • Secure 30 year fixed rate mortgage
  • When the seller pays your closing costs and escrows only $450 moves you in! 

Zero Down Home Mortgage Loan That's Unheard Of These Days - What's The Catch:

  • There are maximum income restrictions which may preclude some borrowers from qualifying for this loan
  • The borrower must have a minimum 620 middle credit score.  (Less than a 620 middle score?  Call me and I can use my years of experience with Credit Remediation to quickly determine how to improve your scores as quickly as 3 business days)
  • No in-ground pools allowed

If you haven't selected a particular house yet, just remember ALL AREAS OF CARROLL COUNTY ARE ELIGIBLE FOR THIS ZERO MONEY DOWN LOAN PROGRAM except for parts of Westminster and Finksburg. To find out if a specific property is eligible or if you qualify for this loan program email me at david@mymortgageauthority.com or call me at (410) 552-5912. 

Areas in orange are not eligible for this Zero Down Home Mortgage Loan program:

USDA Approved Zero Down Home Mortgage Loan

WestStar Mortgage is a direct lender specializing in Federal Government backed loan programs such as USDA, FHA, and VA.  As a Mortgage Banker with over 8 years of experience I personally specialize in arranging this unique Zero Down Home Loan program.  To determine if you are eligible for the USDA loan program call me at (410) 552-5912 or we can meet at my office in downtown Sykesville and I can qualify you for this mortgage loan on the spot. 

Comments (2)

Margaret C. Taylor
Century 21 New Millennium MD - Mechanicsville, MD
St Marys/Calvert/Charles MD Real Estate Agent

Good informational post David.  Many of the homes in St Mary's County MD are eligible for USDA loans too.  Margaret C.

Sep 10, 2010 10:34 AM
David Zuckerman
Millennial Home Loans, LLC - Sykesville, MD
Mortgage Broker - Low-to-no downpayment mortgages

Margaret, look out for my next post on USDA homes in St Mary's county.  Let me know if you have a comment from a Realtors perspective that you will like me to add to my next post of No Money Down Home Loans in St Mary's County.

Sep 10, 2010 10:41 AM