Today and tomorrow I am showing homes that qualify for rural development loans. These are zero down loans with no private mortgage insurance. It is really great for people without much down payment. What is the catch? You have to buy in a elegeble area. How do you tell if the area is elegble? Plug the address into this website!
In the Treasure Valley that leaves out Boise, Meridian, Eagle, most of Nampa and most of Caldwell. All other areas seem good. The house has to meet criteria similar to FHA but there is a rehab loan available.
This sounds like the perfect program for my buyers today!
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