No Money Down Financing?


Yes!  . . . and it is not a gimmick nor is it VA.

It is a little known federal program called USDA Rural Development.

Unlike most loans, a USDA-RD loan is unique in that the property itself is the primary qualifier, not the home buyer. Oh, you must definitely have a decent credit score and debt to income ratio (things better discussed with a lender), and there are some income limitations. But it is the location and condition of the property that makes it eligible for a Rural Development loan.

As most homebuyers already know, an FHA loan requires a 3-1/2% down payment, and conventional loans 10%-20%. But for a homebuyer with good credit, an RD loan offers a terrific opportunity to buy your very own home with little more than the cost of a home inspection and closing costs.

Another advantage to an RD loan is that, unlike FHA, there is no PMI (Private Mortgage Insurance) added to the monthly payments. PMI is an add-on charge to insure the loan until the borrower has paid off at least 20% of the loan. Eliminating this cost holds down the monthly payment.

For additional information on whether or not a particular property qualifies under this program, simply fill in the information below -

About Joyce Albert

Why you need a Real Estate Consultant, not just another Agent… The difference between a real estate agent and a real estate consultant is the difference between someone who just wants to make a sale, and a professional who is willing to share with you their in-depth knowledge of the market in order to help you navigate one of the largest financial decisions of your lifetime. In my career as a real estate consultant, putting my clients first has been the hallmark of my success. I will always make myself accessible, be a good listener, and respond quickly to your needs. So if you are looking for a true professional to help you buy or sell a home in the Slidell, Mandeville, or Covington areas, please contact me. I look forward to working with you. Certified 203k Specialist I am a certified FHA-203k Specialist affiliated with the Re-buld USA program.- a program designed to assist buyers wanting to purchase distressed properties (hurricane damaged, repos, short sales) that require rehab. Accredidations -  Accredited Buyer Representative (ABR)  e-Certified  Short-Sale & Foreclosure Certified (SFR) Other Memberhips. . .  Louisiana Association of Realtors  New Orleans Metropolitan Assn of Realtors (NOMAR)  Gulf South Real Estate Information Network  National Assn of Realtors (NAR) of Realtors (NAR)  Real Estate Board of Accredited Buyer Consultants (REBAC)
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