USDA Loans. 0% Down Payment!!!!!!

Mortgage and Lending with - Legend Lending NMLS #293883

USDA Loans are mortgages for Homes that are found in Rural areas.  If you are thinking of buying a home in a rural area you can not beat this loan option.  Here are the highlights for:

  1. You will not need a down payment.  That's right 0%!!!  FHA loans require a down payment of 3.5% and a conventional can require 5% or more. 
  2. And the seller can pay all or some of your closing costs.  This would allow you to get in the home with the least amount of money possible.
  3. You will not have any monthly mortgage insurance.  This will give you an even lower monthly mortgage payment then a conventional loan or a FHA loan.
  4. USDA loan is a government backed loan. 

To qualify for a USDA loan you must meet the income requirements and the home must fall in the designated Rural area.  You would be surprised to see which homes qualify, many fall in areas that you and I would not consider rural.  To find out if a home qualifies check out: USDA.  Call me Today to make sure you are getting the best mortgage possible. 

Posted by





David Krichmar 

Mortgage Banker NMLS#293883 

Legend Home Lending

LLC NMLS #229421

Has Written For Realtor Magazine, Houston Agent Magazine, Scotsman Mortgage Guide

Appeared On Fox Business


Named 5 Star Mortgage Professional 2013, 2014, 2015, 2016, 2017

Named Top Mortgage Professional 2010,2011


For More Mortgage Info Follow me at  Dave's Blog


If you are looking for a FHA, VA, USDA, Homepath, Conventional, Jumbo, Construction, FHA 203k mortgage in Fort Bend County, Sugar Land, Houston, Katy, Harris County, Brazoria County, Pearland, Richmond, Bellaire, West University, The Woodlands, Kingwood, Friendswood, Clear Lake, Galveston, Fulshear, Tomball, Spring, Conroe, Montgomery County or anywhere in Texas I am your GUY!  


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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Amy Sharrow 04/17/2011 05:07 PM
ActiveRain Community
Texas Fort Bend County Sugar Land
Texas Gulf Coast
down payment
mortgage insurance
fort bend
no mi

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Amy Sharrow
Mountain Top Producers - Running Springs, CA

We are currently in escrow with a buyer using this program.  So far so good.....

Sounds a little too good to be true, but a ray of hope for many these days, for sure!

Mar 24, 2011 07:05 AM #1
David Krichmar - Legend Lending - Sugar Land, TX

thanks Amy, yes it is an amazing program. 

Mar 24, 2011 07:11 AM #2
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