No Money Down Rural Development Financing in Pineville LA

By
Real Estate Agent with Realty Executives Bayou Properties BROK.0912123349-ASA
https://activerain.com/droplet/JDB

No Money Down Rural Development Financing in Pineville LA

Rural Development Home In Alexandria LA

 

One of the more popular forms of home loan financing in Rapides Parish is the USDA ( United States Department of Agriculture) Rural Development Loan. This program allows the borrower to completely finance all closing costs which allows for true 100% No Money Down Financing. No Money Down Rural Development Financing in Pineville LA is especially popular with first time buyers. In our area Pineville can be a very broad term because this does not necessarily mean just within the city limits.

 

A basic rule for No Money Down Rural Development financing in Pinveille LA is that the property must be outside city limits. Now this does not mean 20 miles out of town. Great properties can be found near to the city limits or out in quiet country settings.


Basic Rules of Thumb for No Money Down Rural Development Financing in Pineville LA

  • Property must be outside of actual city limits.
  • The home must be in good condition.
  • Pools are normally not allowed without a waiver.
  • There are new rules concerning minimum flood elevation height requirements. This is not to say the property cannot be located in a flood zone but foundation elevation heights must meet the new minimum standard.
  • The Buyer's income must be under $75,000 per year. This amount includes both spouses. If you have a large family the income limits adjust to almost $95,000 per year of combined income for both spouses.
  • The on-site sewage system must be operational and inspected by The State of Louisiana Health Department.
  • Click here to learn more about The USDA Rural Development Home Loan Program

 

 Currently there are 42 homes that qualify for No Money Down Rural DevelopmentGraph Chart for Homes Financing in Pineville Louisiana.

  • Price Ranges- $42,500 to $288,500
  • Sizes- 3 Bedrooms 1 Bath to 5 Bedrooms 4 Baths
  • Average listed price per square- $79.91

 

 

 

 

 

 

 

 

 

 

 

There are many wonderful properties that qualify for No Money Down Rural Development Financing surrounding Alexandria, LA also.

Call David Beckham with Keller Williams Realty Cenla Partners today for a complete list at 318-880-1270. These properties move quickly due to the amount of purchasers in our area using this type of home financing. Don't miss out your dream home.

Posted by

David Beckham
Alexandria & Pineville Direct: 318-880-1270

Your Louisiana Real Estate Connection

 

COPYRIGHT 2016 David Beckham

 

 

David Beckham is Licensed by the Louisiana Real Estate Commission. Realty Executives 301 Jackson Street  Alexandria LA 71301 USA. Office 318-528-8803.

 

 

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Rainmaker
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Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
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Yes it is something that a lot of consumers do not know about. 

Oct 05, 2012 01:02 AM #1
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Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

Are there income limits?

Oct 08, 2012 05:20 AM #2
Rainmaker
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David Beckham
Realty Executives Bayou Properties - Alexandria, LA
Your Louisiana Real Estate Connection

Yes Mr. Rogers if you read the blog it does cover income limitations.

Oct 08, 2012 11:48 PM #3
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Rainmaker
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David Beckham

Your Louisiana Real Estate Connection
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