Memphis Zero Down Home Loan, USDA, RD, Rural Development, First Time Home Buyer Program

Mortgage and Lending with Van Dyk Mortgage NMLS:98535,Corp 3035

Can I buy a home with zero down payment near Memphis, Tennessee?

Memphis Zero Down Home Loan

Yes you can buy a home near Memphis with zero down payment

One of the little known benefits of buying real estate the smaller towns and rural areas outside of Memphis, Bartlett, Germantown and Millington Tennessee is that most homes in  these areas qualify for the USDA-Rural Development Zero Down Payment mortgage program.  That means that under the guidelines of this government-backed mortgage program, the borrower is not required to make a down payment nor are they required to have a monthly private mortgage insurance premium.

On a $130,000 home, the savings is two-fold: First, borrowers saves $4,550 in respect to the required FHA down payment (3.5%) and two, borrowers save $97.50/month in MI (monthly mortgage insurance). These two savings make this program a great opportunity for first time homebuyers; helping them qualify for more home for less money.

There are however three main requirements for qualifying for this program:

(1) The borrower must not exceed the annual household income requirements (example. a family of 1-4 must not exceed a household income greater than $74,050 per year.)  I recommend a  quick phone call to discuss your ‘total household income' under USDA guidelines.

(2) Second, the borrower must purchase a home in a USDA-RD approved region.  I have provided a link where you can by-pass the map and type in the physical address to get instant verification - CLICK HERE to verify a USDA eligible address.(I have also included a map of the eligible areas around Memphis below. 

Map of Memphis are USDA Property Eligibility

(3)USDA Credit Score Guidelines. The USDA program is about as "flexible" as any home loan program available today. In some cases, borrowers may even qualify with collections or  a recent bankruptcy,

If you are interested, I offer all of my clients a Free No Obligation Mortgage Credit Analysisto formulate a clear game-plan for establishing A+ credit and detailing the home buying process.

As always, if you have any questions, please feel free to contact me directly at 865 686 8711 or visit me online at McDonald Mortgage or you can

Bill McDonald 865 686 8711


Shelby County, home loan, mortgage, Memphis, Germantown, Galloway, Piperton, Rossville, Moscow, Oakland, Hickory Withe, Galloway, Atoka,  USDA Rural Development,No Down Payment, 100%, 100 per cent, USDA, RD,

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Specializing in Government Home Loans.  FHA, VA and  USDA Rural Development


Alabama: License # 52935

Birmingham, Montgomery, Mobile, Huntsville, Tuscaloosa, Hoover, Dothan, Decatur, Auburn, Gadseden, Florence, Bessemer, Madison, Prichard, Phenix City, Homewood, Vestavia Hills

Georgia: License # 36362

Albany, Atlanta, Augusta, Alpharetta, Athens, Canton,  Columbus, Dalton, Dunwoody, Johns Creek, Macon, Marietta, Roswell, Sandy Springs, Savannah, Smyrna, Valdosta, Warner Robbins

Kentucky: License # MC305583

Louisville, Lexington, Bowling Green, Owensboro, Covington, Hopkinsville, Richmond, Florence, Elizabethtown, Frankfort, Paducah, Independence, Danville

Louisiana: License # 35486

Alexandria, Baton Rouge, Bossier City, Central, Denham Springs, Hammond, Houma, Kenner, Lafayette, Lake Charles, Livingston,  Marrero, Metaire, Monroe, New Iberia, New Roads New Orleans, Prairieville, Shreveport, Slidell, Walker

Tennessee:  License # 108470

Bartlett, Bristol, Chattanooga, Clarksville, Cleveland, Collierville, Columbia, Cookeville, Crossville, Fairfield Glade, Franklin, Germantown, Goodlesttsville, Hendersonville, Jackson, Jamestown, Johnson City, Karns, Kingsport, Knoxville, Memphis, Morristown, Murfreesboro, Nashville, Oakridge, Smyrna, Spring City


Abilene, Amarillo, Arlington, Austin, Beaumont, Brownsville, Carrollton, Cypress, Dallas, Denton,  El Paso,  Ft. Worth, Frisco, Garland,  Grand Prairie, Houston, Irving, Killeen,  Lubbock, McAllen, McKinney, Mesquite, Midland, Pasadena, Plano, San Antonio, Tyler, Waco, Wichita Falls


We offer VA Loans,  FHA Loans, USDA Loans, and more across Alabama, Louisiana, Texas and Tennessee


Bill McDonald NMLS # 95835

VanDyk Mortgage NMLS # 3035


Bill McDonald-VanDyk Mortgage

705 Gate Ln Suite 202 104

Knoxville, TN 37909

(865) 686-8711

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VA, USDA, FHA Government Loans - (865) 686-8711
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