The USDA is one of the largest providers of 100% financed or no money down loans. USDA loans are mostly in rural areas of the country. USDA Home Loans Click here
As of October 1 2012, these “eligibility areas” are changing. Eligibility qualifications may also change too. These qualifications include, income earned per house hold, Number of ppl in the house hold, job history and credit scores.
Contacting your Realtor is your best opportunity to see if you qualify for a USDA loan, and where these “eligibility areas’ are located.
Veterans will still have their VA loans of Zero Down or 100% financed programs.
There are also housing assistance programs that maybe available in some cities. These housing assistance programs also have qualifications as to the location, house hold income, number of ppl in the house, job history and credit scores.
Not all 100% financed programs are ending, but the rules are changing. The BEST way to find information about these programs is to contact a REALTOR.
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