USDA - Rural Development Guaranteed Housing Program:
The U.S. Department of Agriculture offers a 0% down payment purchase program to help low to moderate-income individuals living in rural areas achieve homeownership. No monthly mortgage insurance with 100% financing makes this one of the best mortgage programs available.
USDA Rural Development Loans are an attractive option because:
NO monthly mortage insurance
NO down payment required
Ability to finance ALL closing costs, buy with only $1!
Low minimum credit score requirement to qualify
Competitive rates
Combinable with the Mortage Credit Certificate for extra savings!
Borrower does not have to be a first time homebuyer to qualify.
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