Zero Down

Zero down programs allow you to buy your home now, instead of waiting to save enough for a down payment.

USDA 30-Year Fixed Guaranteed Rural Housing Loans

 

You can purchase your next home in a designated rural area with no money down with the Guaranteed Rural Housing Loan Program.  These loans are eligible in a wide range of non-metropolitan statistical areas, including many suburbs.

 

This unique loan program is offered through the Rural Housing Service, an agency of the U.S. Department of Agriculture and designed to assist low and moderate-income rural residents by providing better access to affordable housing finance options including little or no out-of-pocket costs in eligible areas.

 

  • Available to low and moderate income borrowers whose adjusted income is equal to or less than 115% of the area median income.  (call for details in your area).
  • For properties located in a designated rural area as determined by the U.S. Department of Agriculture. (call for details in your area).
  • Owner-occupied primary single family non-farm residences, FHA approved condos are eligible.
  • New construction properties are eligible.
  • Purchase or rate/term refinancing is eligible.
  • Finance up to 100% of the market appraised value, including all recurring and non-recuring closing costs, in some circumstances (for home purchases).
  • Loan amounts as high as $417,000 in the continental U.S.
  • No asset or reserve requirements and gift funds are allowed.

 

Apply online today! Or call us at 1 (800) 693-0001

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