
Yes your read that right. ZERO down payment required for USDA loans.
This is a unique government insured program that makes home ownership possible for low to moderate income families. Selected areas qualify for the USDA Rural Development Loan program and there are many benefits from this loan program which include:
• Finance up to 100% of the value of the home
• NO DOWN PAYMENT required
• Seller can pay up to 100% of closing costs
• NO private mortgage insurance (PMI) required
• A Mortgage Credit Certificate may be used, provided requirements for both programs are met
• Also available for refinancing existing home loans
• There are NO strict credit score guidelines
Not ALL lenders offer this loan so if you are interested in finding out more please call Christina Tennison of HomeStreet Bank at 253-627-2500 to see if you qualify.
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