(Newswire.net — September 8, 2013) Miami, Florida — The new USDA Loans Program has been launched and now provides homebuyers with a chance to purchase a new home without the obstacle of not having the funds for a down payment. Through this program, buyers can find a way to get qualified for a “no money down” loan. The USDA loan program is also called the Rural Development Guaranteed Loan Program.
This program is designed for those with sufficient income to buy a home. These potential buyers may just lack the down payment at the right time. They can still purchase a home anywhere they like, whether in a rural farm area or a populated urban center. The USDA also provides them with affordable mortgage terms, even to first-time home buyers.
The USDA loan actually funds 100% of the purchase price of a home serving as a primary residence. Homebuyers also do not need to have perfect credit. They can receive USDA home loans on single family homes, town homes, and condominiums located in their favorite area.
While income and property eligibility must fall within the USDA guideline limits, there are additional perks to the program. Property repairs may also be funded depending on the case and there are no limits for closing costs. Potential buyers can learn about their eligibility by visiting the USDA home loan website.
The USDA Loans Program is ideal for potential homebuyers who may face various obstacles. Many people dream of buying a home but cannot because of certain rules, such as the requirements for a specific down payment. With USDA, lack of a down payment is not an obstacle.
A video on the program, with a link to the website, is provided at the following link: USDA home loans
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