The USDA Program: Zero Down Payment

         Maybe the thought of living in the countryside appeals to you more than the city lifestyle? If that’s the case then the USDA (also known as the RHA) loan program may be right for you. The USDA Program was created to help families live in rural parts of America with a zero down payment, low mortgage insurance, and low interest rates.

What Are The Benefits of a USDA Loan?

 

 

 

                                                                   

                                                                     Zero Down Payment Required

A major difficulty facing homebuyers is obtaining the down payment. Many lenders require as much as 20% down. Not the USDA program. USDA loans are $0 down

                                   

                                                                Lower Interest Rate

As a government insured loan, USDA offer excellent rates

 

                                                            Flexible Credit Guidelines

 

USDA loans also have underwriting guidelines that meet the need of many prospective homebuyers, including those who may be first time homebuyers. Make sense underwriting guidelines that will help you become a homeowner.

This program offers….The opportunity to live in a safe, warm, comforting environment in rural areas. A place for you and your family to live in peace.

 
       Eligible applicants under this loan are allowed to:

• Build
• Buy
• Refinance


                                                                                   

          Eligible Home Requirements:
Urban regions are generally not applicable for USDA programs, however few selective pockets in the suburbs may. The most eligible regions are rural locations

 

         The USDA Home Loan Program:
Loan guarantees: The USDA guarantees a mortgage issued by a participating local lender

Find out if you qualify for an USDA Loan.

 

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Joe Mays
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NMLS #229981
hjmays@aol.com