USDA Rural financing; zero money down!
How do I buy I with zero money down in Palm Beach County FL?
Simple. Live within designated USDA Rural boundaries and depending on your income level you may qualify for USDA rural financing
What is the advantage of buying a home with zero money down?
Rural Housing program highlights for Manitowoc County Real Estate:
- Moderate income limits apply to those who qualify also based upon the size of your famiy
- No down payment required.
- 100% Financing (no money down) plus the closings cost, prepaids, and lender required repairs can be rolled in up to the property's appraised value which is incredible.
- No Prepayment Penalties.
- No Private Mortgage Insurance is required which can save thousands of dollars over the term of a loan.
- A one-time guarantee fee is paid at closing. In some cases, this fee, closing costs and repairs may be included in the loan.
- Competitive 30 year fixed interest rates depending on market conditions, see your Worthington Realty preferred lender for details.
- No maximum loan amount. Loan amount may be made up to the property’s appraised value.
- No limits on cash contributions.
- Not restricted to first time home buyers, which widens the gap of people who qualify
- Beware, the home must be occupied as your primary residence.
