No Money Down Rural Development Loan!
Rural Development Loan
Home buyer’s here in Louisiana have a great $0 down financing option available to them. That’s right, there is a program that allows a buyer to purchase a home with zero down 100% financing! This home loan program, Rural Development, is meant to assist people in Louisiana when buying a home in certain areas outside the city limits. With this type of loan you can buy a home without having to save up for a down payment. This loan also allows for sellers to contribute up to 6% towards closing costs so a buyer could potentially buy a home with no money down and no closing costs.
Interested in buying a home using one of these Down Payment Programs? Contact me now
Home buyer’s here in Louisiana have a great $0 down financing option available to them. That’s right, there is a program that allows a buyer to purchase a home with zero down 100% financing! This home loan program, Rural Development, is meant to assist people in Louisiana when buying a home in certain areas outside the city limits. With this type of loan you can buy a home without having to save up for a down payment. This loan also allows for sellers to contribute up to 6% towards closing costs so a buyer could potentially buy a home with no money down and no closing costs.
- Must be within income limits for household size ($78,200 or less for a 1-4 person household in Shreveport/Bossier, $103,200 for a household of 5-8)
- Minimum Credit Score of 640
- 100% Financing, 30 year terms only
- Seller is allowed to contribute up to 6% towards buyers closing costs.
- House has to be outside city limits to qualify
- Cannot have a previous similar loan
- Cannot presently own a dwelling within the commuting area
Interested in buying a home using one of these Down Payment Programs? Contact me now
*Information is provided as a courtesy, is believed to be accurate but cannot be guaranteed. Verify with your lender.
Buy or Sell A Home With Melanie Today
Cell: 318-422-5745
Office: 318-868-3600
Text, Call or email me anytime
Cell: 318-422-5745
Office: 318-868-3600
Text, Call or email me anytime
