USDA No Money Down Programs

The government has a sponsored program that can assist households purchase a home with a low or even no down payment.  One of my favorites is the Rural Development Loan program.

SOME KEY POINTS:

  • Property must be in a USDA designated rural location.
  • 100% mortgage LTV which is based on the APPRAISED value
  • Zero down payment and low interest rates.
  • No limit on seller concessions or gift.
  • 30 year fixed rate
  • USDA approved lenders only.

Rural Development Loans are available in these New Hampshire communities: Atkinson, Hampstead, Amherst, Windham, Pelham, Bedford, Brookline, Hollis, Litchfield, Lyndeborough, Mason, Mont Vernon, New Boston, and Wilton.  For a full list of New Hampshire towns, and income requirements, read the FACT SHEET.

The ineligible area list for NH is far smaller: Concord, Derry, Hudson, Keene, Nashua, Londonderry, Manchester, Merrimack, Portsmouth, Rochester, Salem,parts of Goffstown and Hooksett.

Not all lenders can do Rural Development loans.  Contact me for more information.

More information:

Federal Site: http://www.rurdev.usda.gov/rhs/

Local NH/VT office: http://www.rurdev.usda.gov/vt/

State by State: http://www.topnhhomes.com/FinanceAgencies

 

-Just my thoughts.

Jenn

www.TopNHhomes.com www.JACoteAppraisals.com

*Information is from the rural development government websites listed above.  I am not a mortgage professional.  This is for informational purposes only and you should do your own due-diligence.  This is a government funded program that needs to be funded yearly.

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Government Sponsored Program Helps Families Buy a Home.

The government has a sponsored program that can assist lower-income households purchase a home with a low or even no down payment.  One of my favorites is the Rural Development Loan program

Rural Development Loans are available in these New Hampshire communities: Amherst, Bedford, Brookline, Hollis, Lyndeborough, Mason, Mont Vernon, New Boston, and Wilton.  For a full list of New Hampshire towns, and income requirements, read the FACT SHEET.

The ineligible area list for NH is far smaller: Concord, Derry, Hudson, Keene, Nashua, Londonderry, Manchester, Merrimack, Portsmouth, Rochester, Salem, parts of Goffstown and Hooksett.

Not all lenders can do Rural Development loans.  Contact me for more information.


More information:

Federal Site: http://www.rurdev.usda.gov/rhs/

Local NH/VT office: http://www.rurdev.usda.gov/vt/

State by State: http://www.topnhhomes.com/FinanceAgencies

-Just my thoughts.

Jenn

www.TopNHhomes.com
www.JACoteAppraisals.com

*Information is from the rural development government websites listed above.  I am not a mortgage professional.  This is for informational purposes only and you should do your own due-diligence.  Contact me and I can guide you to the appropriate resources.

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