Even If You Are Short On Cash You May Still Be Able To Buy A Home

Even If You Are Short On Cash You May Still Be Able To Buy A Home

There is a little known loan available called a USDA Rural Development Loan that allows you to buy a home with no down payment even if you're not a Veteran or a first-time buyer. Homes in rural and many suburban areas qualify for this great loan program.

The best feature of a USDA loan is NO DOWN PAYMENT. These loans also offer great income limits with a borrower being allowed to earn up to 115% of the area's median income. USDA loans are fixed rate 30 year loans with low interest rates. The USDA loan also allows the seller to pay up to 3% of a buyer's closing costs and in the Raleigh area and that should completely cover your closing costs.

You'll need a minimum credit score of 640 to qualify for this great program so be sure to check with an experienced Real Estate Agent so you can be put in touch with a knowledgeable, reliable lender who, together with that agent, can make your dreams of home ownership come true.

Brian Hargrove Headshot
Phone: 919-830-5233
Dated: May 4th 2015
Views: 1,504
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