We don’t think that saving for a down payment should be the reason you put your dreams on hold. We can help you buy your dream home with a no down payment mortgage loan. You’ll not only be able to afford a home sooner, you’ll probably be able to afford more home. With a zero down USDA Rural Housing Loan, the amount of loan you can qualify for is determined by your ability to make your monthly payments rather than how large a down payment you’ve saved. And, for most buyers, this means qualifying for a larger loan.  In today's tough economy and strict credit markets, 100% financing has disappeared in conventional institutions.  However, the United States Department of Agriculture , USDA, provides a 100% Guaranteed Rural Housing loan program that is completely insured by the U.S. Government.

EXAMPLE 1:  Based on a fixed 5% interest rate for 30 years

• Sale Price = $100,000 
• Loan Amount = $102,000
• Mortgage Payment = $547.55
• Monthly Taxes = $83
• Monthly Insurance = $30
• Monthly Mortgage Insurance = ZERO
• TOTAL MONTHLY PAYMENT = $660.55

EXAMPLE 2:  Based on a fixed 5% interest rate for 30 years

• Sales Price = $200,000
• Loan Amount = $204,000
• Mortgage Payment = $1095.12
• Monthly Taxes = $166
• Monthly Insurance $40
• Monthly Mortgage Insurance = ZERO
• TOTAL MONTHLY PAYMENT = $1,301.12

Here is a great USDA "apples to apples" comparison.  A Guaranteed USDA 100% loan offers the home buyer the most affordable payment, less out of pocket cost, and usually the most competitive 30 year fixed rate in the market.

FHA Purchase Scenario: Jane wants to purchase a $200,000 home by obtaining a FHA 5% 30 year fixed rate loan.  Jane must have a credit score of 640 or higher to obtain the 5% financing.  FHA requires that Jane put down a minimum down payment amount 3.5% of the sales price.  3.5% of $200,000 equals 7,000 that Jane will need to pay at closing.  With FHA, there is a 1.75% "Up Front Mortgage Insurance Premium" (funding fee) that is added to the loan amount.  So, Jane's monthly mortgage payment (principle and interest) will be $1,054.19, taxes of $166, home owner's insurance of $40, and *mortgage insurance of $90.  Jane's total payment will be $1350.19 with a minimum of $7,000 out of pocket.

USDA Purchase Scenario:  Joe wants to purchase a $200,000 home by obtaining a USDA 5% 30 year fixed rate loan.  Joe only needs a credit score of 620 or higher to obtain the 5% financing.  If Joe's score is below 620, then still qualifies for a loan.  USDA does not require a down payment.  With USDA, there is a 2.0% "funding fee" that is added to the loan amount.  So, Joe's monthly mortgage payment (principle and interest) will be $1,095.12, taxes of 166, home owner's insurance of $40, and NO Mortgage Insurance.  Joe's total payment will be $1,301 with NO minimum cash out of pocket!

 Thousands of home buyers are taking advantage of this extremely cheap real estate by using this incredible GOVERNMENT INSURED loan program without having tons of money in the bank.  It is so simple for primary residence seekers and first time buyers to utilize this USDA Rural Housing Loan Program.   

LET US SHOW YOU AND YOUR REAL ESTATE AGENT HOW WE CAN HELP YOU PURCHASE A HOME WITHOUT COSTING YOU A SINGLE PENNY AND HOW YOU CAN EARN THOUSANDS OF DOLLARS INSTANTLY!  LET ME SHOW YOU HOW!!!

FILL OUT THE SHORT FORM BELOW TO SEE IF YOU ARE

PREQUALIFIED FOR A USDA RURAL HOUSING LOAN.

Let us help you explore all your mortgage options. Talk to the USDA loan expert, Justin Messer, for help and advice on obtaining a rural loan.  We provide service to Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee.  These fantastic loan programs are extremely easy to process and acquire.  We look forward to helping you! 

My name is Justin Messer and I am the USDA loan expert for Georgia Banking Company.  Currently, obtaining down payment assistance, down payment grants, and other forms of DPA through companies such as Nehemiah and Ameridream have become extremely difficult if not impossible in these tightning credit markets.  Please take a few moments to look into this USDA no down payment loan program to see how so many people are saving money and make owning a home much more affordable.  For more information, please visit my real estate blog at www.Activerain.com/blogs/jmesser4 for current information on USDA rural housing loans.  You may also visit WordPress for how to gain instant equity and $8,000 cash with out paying a single penny!

See if you qualify, it only takes a second!!! Only 5 simple questions!

1. What do you estimate your credit score to be?
2. Will this property be your primary residence?
3. Do you own any other properties?
4. What city and state are you interested in purchasing?
5. What is the combined income of your current household?

Please submit your estimated answers in the form below.