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Ever wondered how you can get a TRUE NO Money Down loan to buy your next house. Well. . . . STAY
TUNED, cause over the NEXT 2 minutes, I'm going to show you how you can do just that.
So what am I talking About? USDA LOANS. . . .
A USDA Loan is also known as the USDA Rural Development Guaranteed Loan Program.
Now that doesn't mean that the home you are purchasing needs to be in the middle of nowhere
or contain farm land. In fact, many well populated areas throughout the country are eligible
for USDA.
These loans are specifically designed to help individuals and families who HAVE the income,
BUT lack the down payment ability.
USDA home loans provide superior affordable mortgage terms for those home buyers that
meet their minimum eligibility requirements.
For example, a USDA loan allows you to finance 100% of the purchase price of the home.
And the GOOD NEWS is, the program isn't just restricted to first time home buyers.
As long as the property will be your PRIMARY residence and you DO NOT own any other properties,
you may qualify for the USDA loan.
To top it off, they have LIBERAL credit guidelines. SO, home buyers with less than perfect credit
may still be eligible for a USDA home loan.
ELIGIBLE property types include Single family homes and town homes, both existing and new
construction, as well as condominiums.
In addition, PROPERTY REPAIRS may be financed in the USDA loan (HOWEVER, this is done on
a case by case basis)
There is NO LIMIT on seller concessions for closing costs, so you COULD get approved for
a USDA loan WITHOUT ANY money out of your pocket at closing.
However, it's important to know that you MUST fall within the USDA loan guideline limits
on BOTH income and property eligibility to qualify for this program.
TO FIND OUT MORE, Click on that big Red button.