Borrowers in need of a no-down payment program are in luck with the USDA program. This is the only loan program available with no down payment requirements aside from the VA loan which requires military service. In addition, the USDA program has minimal credit guidelines, giving borrowers with lower credit scores a chance to become homeowners. Another great point about USDA loans is the USDA loan rates because they are very competitive … [Read more...]
Single Family Housing Direct Home Loans
This program, also known as the “Section 502 Direct Home Loan Program” can help assist low income families obtain housing in eligible rural areas while also providing payment assistance to increase a borrower’s ability to repay the loan. Payment assistance can reduce the mortgage payment for a short extended period of time. The amount of assistance is usually determined by the family’s adjusted income. Who Can Apply For This … [Read more...]
