Athol Home with a Shop

Athol Home with a Shop

This home would easily qualify for an FHA Loan.

You can buy a home with a shop 0% down in Athol.

The USDA loan as per the Rural Development Housing website has no down payment requirements. That's what I said, "NO DOWN PAYMENT REQUIREMENTS!" Which means that this can be a zero down loan. You can therefore purchase a house with no money, that is if you have an accceptable credit score a job that allows you to qualify and the RIGHT REAL ESTATE AGENT NEGOTIATING ON YOUR BEHALF.

The USDA Rural development Loan Program is a great opportunity for first time home buyers. The definition of a first time home buyer, "Someone that has never owned a home or someone that hasn't owned a home in the last three years."

Up to 115% of median income is allowed. Check out the limits for your area on the USDA site.

The guidlines state that housing must be modest in:

• size
• design
• and cost

in addition a home can be:

• new construction
• a pre-owned home / a resale home
• or a rehabed home

and must adhere to national building codes and standards.

Manufactured homes can qualify only if:

• new
• permanently installed
• and meets HUD Manufactured Housing Construction & Safety Standards
• as well as HCFP Thermal & Site Standards

Pre-existing manufactured homes are not allowed unless the home is an REO (Real Estate Owned / a bank foreclosure) that originally met the USDA guidlines and had a direct or guaranteed loan previously in place.

I specialize in helping first time home buyers. Call me to help guide you through the process and to find a lender that is approved to fund USDA loans.

• There are direct loans
• USDA loans through approved lenders

Call to find out the difference.

Call James at Platinum Home Mortgage to learn about the USDA program.