No Money Down Loan | No Money Down Mortgage

Real Estate Agent with RE/Max One | Sellers Agent

No Money Down Loan


There are two no money down mortgages. The first is the VA loan for veterans and active military and the other is a USDA Rural Development Loan. 

USDA Loan Restrictions

The two main considerations for a USDA loan is the income limit and the location restrictions. The income limit is calculated using everyone living in the house together even though they are not on the loan however only those on the loan can use their income towards qualifying. 

no money down loanUSDA Loan Eligible Areas

To see the maps where you can get a USDA loan make sure to check out ----> USDA Eligible Area Maps where you can search different USDA eligible areas and even plug in a specific address to see if its eligible or not.

USDA Loan Guidelines

A couple more things about USDA loans is first they only offer a 30 year fixed loan which is good because most people are looking for stability these days. You cant own another house nearby or use this to buy a second home. The house itself must be in move in ready shape. There are several ways to handle repairs if needed but you cant get money from the loan itself for repairs. 

USDA Loan Credit Score

There is no minimum credit score. Most investors require 620 and in some cases you can even go lower with my company. If you need a mortgage I would love to be your lender. I specialize in No Money Down USDA loans and first time homebuyers.


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Barbara Altieri
Kinard Realty Group Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Hi Brian -- I like that USDA eligible map. Very handy. Don't really know too much about this type of loan but I can certainly see YOU do and are the lender to go to for a no money down USDA loan. Keep the education coming! You do a fantastic job and buyers are in good hands with you!

Jan 08, 2014 11:33 AM #1
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Brian & Val Mayer

Listing Specialist | Realtor in Calvert County MD
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