100% Home Financing Programs Still Exist!

The United States Rural Developement Home Loan Program is a great program that several of my clients have taken advantage of this year. If you follow this link, you can see what areas are available that you can purchase in that are eligible for this home loan. http://tinyurl.com/ye48jy3

Under the Guaranteed Loan program, the Rural Development guarantees loans made by private sector lenders. (A loan guaranteed through RD means that, should the individual borrower default on the loan, RD will pay the private financier for the loan.) The individual works with the private lender and makes his or her payments to that lender.

Under the terms of the program, an individual or family may borrow up to 102% of the appraised value of the home, which eliminates the need for a down payment. Since a common barrier to owning a home for many low-income people is the lack of funds to make a down payment, the availability of the loan guarantees from RD makes the reality of owning a home available to a much larger percentage of Americans.


The Single Family Housing Program provides homeownership opportunities to low and moderate-income rural Americans through several loan and guarantee programs. The program also makes loan and grant funding available to individuals to finance vital improvements necessary to make their homes decent, safe, and sanitary.

Under the Direct Loan program, individuals or families receive direct financial assistance directly from Rural Development in the form of a home loan at an affordable interest rate.Most of the loans made under the Direct Loan Program are to families with income below 80% of the median income level in the communities where they live. Since Rural Development is able to make loans to those who will not qualify for a conventional loan, the Rural Development Direct Loan program enables many more people to buy homes than might otherwise be possible. Direct loans may be made for the purchase of an existing home or for new home construction.

Please let me know if you would like me to send you a list of homes that match your criteria.

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