May 25th, 2014 10:08 AM by Nathan Rufty
Thats right no money down home loan program still exists today known as the USDA-RD home loan program. This program is 100% financing available is a designated area of the county in which you are looking to purchase in.The USDA mortgage program offers the option to financing closing cost in the purchase of a home. The home must appraise higher than the agreed upon purchase price. Example: you are purchasing a home in the designated area with no money down at $200,000, if the appraised value comes in at $210,000 we can use that $10,000 for closing cost (we will not need of it, just an example) and finance in the loan, pretty cool. Even if the property does not come in higher we still can look at other programs that can assist with the closing cost, click on the picture below to see which program is available for assistance.