Zero Money Down USDA Loan
When you’re just starting your career, it’s important to have a steady income so you can keep up with all the bills. A USDA loan is one of the best options for first-time homebuyers because they’re long-term and low-interest loans that are backed by our government;
USDA loans have a low interest rate, starting at just two percent and going up to four percent depending on the type of mortgage you choose as well as your credit score when applying for one. This is significantly lower than most other types of mortgages today which are usually in the range from six to eight or more percent annually.
Some people might think it’s too good to be true – what qualifies someone to be eligible for this loan?
USDA Loan Eligibility Requirements
For someone to qualify they will need stable employment (or if eligible, equivalent steady income), good credit scores, and sufficient funds in their bank account. They must also meet eligibility requirements that vary depending on whether they’re purchasing a property located within city limits or outside them. Purchasers working less than full-time, or with a credit score below 640 might not qualify.
This is only just one part of what makes USDA Loans so great – it’s one of the few government loans which doesn’t require mortgage insurance and has low monthly payments. USDA Loans are a great opportunity for people with traditional credit who are looking to buy a home!
How Can We Help?
What are the benefits?
– There is no down payment requirement! You can buy property without any money upfront and then pay for it over time through an affordable monthly mortgage. The USDA guarantees part of your loan so you don’t need to worry about what the market is doing.
– The USDA Mortgage offers more flexibility than other mortgages and allows you to buy a house with no money down, so it’s easier for first-time homebuyers to get into the housing market.
– You don’t have to be perfect on your credit report either! Unlike some conventional loans where having even one small issue can disqualify an applicant from receiving financing, eligibility has nothing to do with past performance or any delinquency within the last 24 months – as long as you’ve paid at least two of your bills during that same period.
Contact Legacy Mortgage Today!
Legacy Mortgage is a nationally recognized USDA Loan brokerage company specializing in both refinance and new home loans. We can help you turn your dream of a gorgeous, custom-built house into reality by providing the most competitive rates on mortgages available anywhere today!
Come see why we have so many happy customers!
