No down payment? No problem!
It is pretty common for most Americans not to think of loans when hearing about the United States Department of Agriculture (USDA). Most Americans associate the USDA with food safety, farming, rural natural disaster assistance and nutrition. In fact, most people are completely surprised to hear that the USDA is currently offering one of the best home loan programs in the country.
As USDA home loans are becoming more well known, more and more homebuyers are taking advantage of this cost-saving and all-inclusive mortgage program. While this type of home loan has been around for dozens of years, it is only now starting to gain widespread notoriety as one of the most cost saving home loan programs in the country.
What makes the USDA loan such a great program is that it is specifically designed to help moderate to low income households afford to purchase a home in a USDA designated rural area. USDA rural home loans come with guaranteed 100% financing for all approved borrowers, have looser credit restrictions than most traditional mortgage programs, come with no monthly mortgage insurance, and require absolutely no money down.
Besides VA loans, USDA loans are one of the only remaining home loan programs in the country that require no down payment. Click here to find out if the home you are looking at is in an eligible USDA loan area.
For more details on USDA Home Loan Eligibility in Skagit County,
or other home loan programs you might be eligible for,
our buyer's agent, Mel Foley, would be happy to help!
Give her a call at (360) 474-2014
The Sure Road To Your WA Real Estate Goals!
Serving Skagit, Snohomish, Island and Whatcom Counties
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Pike Real Estate
Keller Williams Western Realty
Office: (360) 610-4826
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