Are Zero-Down Mortgages a Thing of the Past?
“So much has changed” “I miss miss the good old days” “Things aren’t what they used to be” These catch phrases apply to many situations… including mortgages. For those who haven’t gone through the home buying prices for many years, so much has changed concerning income, assets and credit scoring. One of the things that hasn’t changed is most loan programs require a percentage down to purchase a home. But is there still a zero-down product out there? Yes! There are several ways to get a zero-down home loan. USDA Rural Housing programs, VA loans for veterans, and FHA mortgages combined with down payment assistance all achieve the zero-down objective. Here is a rundown of the USDA program and what is...
Read MoreLittle to No Money Down Mortgages Are Still Available!
There is so much talk these days concerning the added income, assets and higher credit score it takes to qualify for a mortgage. Perhaps one of the most misunderstood conceptions out there today suggests home buyers will need at least 20 percent down to qualify for a mortgage. That could not be further from the truth. The truth is, home loans are still available with little to no money down. There are several ways to get a little to no money down home loan. USDA Rural Housing programs, VA loans for veterans, and FHA mortgages are some of these programs Here is a rundown of the USDA program and what is required. USDA Rural Development Home Loans USDA loans are 100 percent zero-down mortgages designed to make it easier for people to buy homes in rural areas of the...
Read MoreWith No Money Down
With no money down, you can still buy a home in Indiana! USDA rural home loans are perfect…. There are several types of home loans available in today’s mortgage market. USDA home loans are just one option available to consumers. They are also among the most popular, especially due to their 100% LTV financing and the fact that they can be done with no money down! This is a perfect match for consumers who CAN afford a monthly house payment but do not have 20% down sitting in the bank. USDA stands for United states Department of Agriculture, but USDA loans can be used for purposes other than just farming. This is an option to consider for home buyers who want to purchase with no money down. Types of the USDA home...
Read MoreUSDA Loans are more popular than ever!
Is USDA Home financing right for you? Watch this short video clip to learn how USDA home mortgages stack up to the competition. If you want to buy a new home but don’t have a large down payment save up then USDA may be your only...
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