Buy your home without spending a dime on a down payment.
You want to take advantage of home ownership, but you don’t have money for a down payment. But everywhere you turn some sky is falling news outlet is telling you mortgage rules have tightened and loans require increasingly large down payments…not with the USDA Zero Down Program.
You may be asking yourself,
“I’m not really on the market for a farm…”
Well you are in luck! No chickens, cows, and horses in your future. In fact, the USDA Loan Program does not even allow borrowers to buy anything that resembles a working farm, as the name might imply. You can buy a regular home, in a regular neighborhood, and not “give away the farm” in the process.
- No Down Payment is Required
- Flexible Credit Guidelines
- Lower Payment than other comparable loan programs that require a down payment
- Sellers can pay your loan closing costs up to 6% of the Purchase Price
- Not only for First Time Home Buyers
Their are some guidelines however that you will need to be aware of. The most important is the home must be located in an eligible area as defined by the USDA.
If you have your eye on a specific home and would like to know if the home is eligible for USDA financing, or want a list of homes in the Spokane area that are eligible, click the link below.href="#" data-color-override="false" data-hover-color-override="false" data-hover-text-color-override="#fff">Button Text
The other nuance that makes the USDA program different from most others is their Maximum Household Income guidelines. These different from county to county and also depend on the number of people in your household. You can view the limits for your area by clicking the link below.href="#" data-color-override="false" data-hover-color-override="false" data-hover-text-color-override="#fff">Button Text
Now that I have bored you with some facts, let’s get down to brass tacks. This is a wonderful loan program that provides a great opportunity for most people to buy a home without needing a large down payment. I love this program so much, I even used it to finance my own home![call_to_action text=”Get Pre-Approved Online” btn_title=”Let’s Go!” btn_link=”https://spokaneargonne.mannmortgage.com/startapp” class=”call to action”]