Home > Blogs > Daniel Casale > Daniel Casale's (dncasa1) Blog

No Down Payment Mortgage offered in Massachusetts

By Daniel Casale

Mortgage and Lending with SARA Mortgage

May 07, 2011 08:41 AM

No Down Payment Mortgage offered in Massachusetts from the United States Department of Agriculture (USDA)

This is one of the last avenues to obtain a No Down Payment Mortgage offered in Massachusetts

No Down Payment Mortgage offered in Massachusetts through the USDA comes with a very nice 30 year fixed rate with NO PMI payment. The USDA is trying to promote Rural Development in Massachusetts. Call me to see if the town you are looking to purchase in qualifies for this wonderful mortgage.

The USDA will loan up to the appraised value of the property you are purchasing. That means the difference between the buying price and the appraised value can be used for closing costs that get rolled into your mortgage. Closing cost can also be paid by the seller or a gift from a family member.

Also within the No Down Payment Mortgage offered in Massachusetts through the USDA, you can include the cost of your appraisal, the cost of your deposit on the purchase and sales contract, any inspections that are required for your mortgage and the cost of your home insurance for the first year. So you can see that you can get your No Down Payment Mortgage offered in Massachusetts for very little money out of pocket at the closing table.

This mortgage also helps you qualify for foreclosed or distressed properties. I am capable of doing a escrow hold back for repairs after you buy your home that gets rolled into your mortgage.

Call me, Dan Casale (603)560-0417 to see if you qualify for this wonderful mortgage. I have been helping clients into this mortgage for over 10 years. I know the program guidelines and what it takes to qualify you for this 100 Percent Mortgage.