Obtaining a mortgage usually requires that people have at least 20 percent of the purchase price on a house in order for some lenders to grant them the loan. This requirement made it impossible for many lower income families to stop renting and become homeowners. Read More
Zero down mortgage loans make it possible to purchase a home with little resources or cash on hand. All you really need to achieve homeownership with a 0% down mortgage is the ability to meet the loan requirements for the program. There are several popular no money down mortgage options available today, and a few others that are almost nothing down. Read More
USDA home loans are one of two zero down mortgage programs still available in America to buy a new home. As with any mortgage, there are groups of specific requirements that must be met before an applicant is approved. Read More
In today’s housing market, anyone looking to purchase a home with nothing down finds themselves with limited options. Fortunately, USDA home loans still offer 100% financing with low mortgage rates for home purchases. And these rural development loans can be used across most areas of the country. Don’t overlook the no-down payment mortgage options offer through USDA loans. Read More
The USDA stands for United States Department of Agriculture. That’s the federal agency that provides USDA Rural Development programs for the purpose of encouraging economic development in rural areas. Rural Development programs also help the people living in qualifying rural areas afford better housing. Read More
The USDA Refinance Pilot Program was originally introduced in 2012 to give rural home owners a chance to take advantage of record low interest rates. This pilot program was a success, therefore the program has permanently matured into the USDA Streamline Refinance. Read More
In today’s housing market, those wanting to buy a home with no down payment have limited options. The 2008 financial crisis led to the rapid demise of subprime lending and a harsh tightening of mortgage credit. Fortunately, USDA RD loans are still running strong offering 100% financing with low mortgage rates for home purchases.