The United States Department of Agriculture (USDA) offers home loans for borrowers living in rural areas. With no down payment required and qualifying credit scores as low as 640, this could be the program to help you find a little space of your own.
Low, fixed-rate options available
No down payment required
Ability to finance the up-front USDA Guarantee Fee, reducing your closing costs
Available with credit scores as low as 640
Seller contributions of up to 3% permitted
We want to thank our veterans for their service. The Veterans Administration (VA) has created a loan program which offers 100% financing, flexible credit requirements and no income restrictions.
Fixed-rate and adjustable-rate mortgages available
No down payment required
Purchase and refinance options available
No mortgage insurance required, reducing your monthly payments
Ability to finance the up-front VA funding fee, reducing your closing costs
Available with credit scores as low as 640
Seller contributions up to 4% permitted