The USDA financing program is not common because of guidelines for location of the property and income guidelines but if you are among the fortunate ones to qualify for the program and can find a property that qualifies , this is a great program. The property should be located in a rural area as defined by USDA.
Here are tips for buying a home with 100% financing using USDA financing :
Go to the USDA web site and first see if you meet the income eligibilty guidelines.
Then get prequalified by a lender who is familiar with this financing option.
Then look at the map for the state where you want to buy and see what areas are eligible.
Interview agents and choose one agent .
Work with a Buyer agent who can show you homes in the area and always check to see if the property quailfies by checking the link below. You write the address, and it will show whether it is eligible or not.
CHECK OUT THE LINK :
If you would like to look at homes in Bucks Montgomery counties call Gita Bantwal at Re/Max Centre Realtors 2153438200x124 or direct 2152758491 If you are looking in other states or other counties in Pa I will be glad to refer you to an agent in the area.
Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com
She can be reached at 215-343-8200x124 or direct 215-275-8491 begin_of_the_skype_highlighting 215-275-8491 end_of_the_skype_highlighting or via email firstname.lastname@example.org