Think you need a down payment to buy home in Barnegat? Not with a USDA home loan guarantee you don't!
A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture
Advantages of the USDA Home Loan Guaranteed Program:
- 100% financing
- No down payment requirement
- No Mortgage Insurance
- No Cash Reserves Required
- Loan up to 101% of appraised value
- Seller Contributions Limited to 6%
- You can buy a home in Barnegat with ZERO money down!
- The average down payment for first-time homebuyers is only 6%!
- Despite mortgage interest rates being over 4%, rates are still below historic numbers.
- 88% of property managers raised their rents in the last 12 months!
- The credit score requirements for mortgage approval continue to fall.
Karl Hess & Keller Williams Shore Properties provides expert real estate services to residential buyers and sellers in Manahawkin. Contact us today for more information on Ocean County Real Estate and for professional assistance navigating this complex home market.
As always, thank you for your time and feel free to get in touch if you have any questions. Karl Hess, Keller Williams Shore Properties - #1 Real Estate Office in Ocean County