Buy a Home with Zero Down, 100% Loan Financing, Hammond, Louisiana, No Down Payment, First Time Home Buyer

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

Network Funding has teamed with Chris Thomas and Realty Executives to help first time home buyers in Hammond, Louisiana purchase their new home.  The combined experience and teamwork will ensure that the home buyer recieves the very best service available.

One of the little known benefits of buying a home in Hammond, LA and Tangipahoa,  and St. Tammany Parishes  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-sponsored Loan program,you are not required to make a downpayment nor do you pay mortgage insurance or PMI

On a $130,000 home, you save money two ways: First,you save $4,550 by not making the FHA down payment (3.5%) and two, borrowers save $118/month in MI (monthly mortgage insurance). The savings make RD program a great opportunity for first time homebuyers; helping them qualify for more home for less money.

There are however three primary 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 program guidelines.

(2) Second, the borrower must purchase a home in a USDA-RD approved region.  All of the Hammond, Ponchatoula, Amite, Albany, Springfield areas are in the Eligible area.

(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 short sale.

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

When you are ready to look at homes that qualify for the USDA, Rural Development no down payment program, you can contact Chris Thomas with Realty Executives.  Chris works with buyers all across the Northshore, helping them find the perfect home.  Call him at  504-400-5800 or visit him online HERE

As always, if you have any questions, please feel free to contact me directly at 225 490 9513 or visit me online at or you can

Bill McDonald 225 490 9513


Tanipahoa Parish, home loan, mortgage, Hammond, Ponchatoula, Northshore, Amite, Loranger, Franklinton, Albany, Springfield, Kentwood,  USDA Rural Development,No Down Payment, 100%, First Time Home Buyer, 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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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Chris Thomas 06/22/2011 07:33 PM
Lending / Financial
Louisiana Tangipahoa Parish Hammond
homes for sale
no down payment
real estate

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Chris Thomas
Watermark Realty,LLC - Denham Springs, LA
Realtor of Livingston Parish and Baton Rouge La

This is great info for anyone needing some help getting into a home.

Jun 21, 2011 03:50 PM #1
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Bill McDonald

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