Zero Down Payment Strategy

Have you heard of this zero Down Payment strategy?

USDA loans offer several advantages for eligible homebuyers, making them an attractive option particularly for those wanting to escape high density areas and seek more space + affordability.

🚫 Zero Down Payment Required - borrowers can finance 100% of the home’s purchase price

⬇️ Lower Mortgage Insurance Costs - USDA loans do require mortgage insurance, both an upfront fee and an annual fee, but these costs are usually lower than those associated with other loan types.

💰 Income-Based Eligibility - USDA loans are designed to assist low to moderate-income individuals and families, providing a path to homeownership for those who might not be the best fit for conventional loans.

💳 Flexible Credit Requirements - USDA loans have credit score requirements, and they tend to be more flexible than those of some other loan programs, making it possible for borrowers with lower credit scores to qualify.

🏡 Rural AND Suburban Areas: USDA loans are available for homes located in rural and specific suburban areas, as defined by the USDA. This enables homebuyers to consider properties just outside major cities. You don’t have to buy a huge farm or ranch to use this loan!

📈 Fixed or Adjustable Rates - Borrowers can choose between fixed-rate and adjustable-rate USDA loans, allowing them to select the type of interest rate that suits their financial goals.

😎 Versatile Use - USDA loans can be used to purchase a variety of property types, including single-family homes, & condominiums.

Wanna know if your dream home is in an eligible area? Reach out and I’ll get you in front of a USDA loan expert.