USDA Rural Development published the newly increased income limits for the USDA Guaranteed Rural Housing loan program. The updated income limits started in 2023 and will carry into 2024. This is great as more home buyers will now … [Read more...] about USDA Rural Housing Loan Income Limits 2024
USDA Loan News
USDA Loans and Seller Concessions Closing Costs
The United States Department of Agriculture's home loan program is designed to help those wanting to live in a rural area. At first glance, one might think there really are very few areas where rural financing is needed. In fact, … [Read more...] about USDA Loans and Seller Concessions Closing Costs
Georgia First Time Home Buyer Programs
Georgia first time home buyers have many options today to purchase a home with little to no down payment. Most of these programs today are tailored for first-time homeowners by offering flexible credit standards, secure fix … [Read more...] about Georgia First Time Home Buyer Programs
Should You Put More Money Down On Mortgage If You Have the Option?
Almost every loan program requires some sort of a down payment. The exceptions are the VA loan and USDA programs which do not need a down payment. Your down payment is your initial ‘skin in the game’ so to speak. Mortgage … [Read more...] about Should You Put More Money Down On Mortgage If You Have the Option?
Tennessee $0 Down USDA Loan
The USDA Rural Housing 502 guaranteed loan program still offers 100% mortgage financing in qualified locations in Tennessee. With relaxed qualifying terms, minimal mortgage insurance and no loan limits, this program is great for … [Read more...] about Tennessee $0 Down USDA Loan
Charlotte FHA Loans – How Much Down Payment?
There are many conventional mortgages today that do not require any down payment of around 10%, which is why low down payment programs like FHA remain a popular choice for Charlotte first-time buyers. The FHA program started back … [Read more...] about Charlotte FHA Loans – How Much Down Payment?
USDA Mortgage Guide South Carolina
Many locations in South Carolina are still eligible for 100% USDA financing. USDA Rural Housing is a great way for SC first-time homeowners to purchase a home with no money down! USDA does have some loan-qualifying guidelines … [Read more...] about USDA Mortgage Guide South Carolina
Quick Facts About USDA Rural Development Loans
Below we have listed some quick facts and benefits of USDA Rural loans. 100% Financing - NO down payment. Approved buyers can borrow up to 102% with financing USDA Funding Fee. No First-Time Home Buyer Requirement - You … [Read more...] about Quick Facts About USDA Rural Development Loans
Low Down Payment Jumbo Loans St. Louis
St. Louis Jumbo loan requirements have recently expanded allowing for more flexibility and reduced down payments. Approved home buyers now have financing options available with as little as a 5% down payment. This is great for … [Read more...] about Low Down Payment Jumbo Loans St. Louis
FHA Loan Prequalify Michigan Home Buyers
FHA still remains a popular mortgage program for Michigan home buyers. Low 3.5% down payment, secure fix interest rates, and quick closings are just a few benefits the program offers. You might be wondering exactly how you go … [Read more...] about FHA Loan Prequalify Michigan Home Buyers