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Wilhelm Koenig's Blog

By Wilhelm Koenig | Mortgage Broker
or Lender in Oklahoma City, OK

Can I buy a home with no down payment?


Yes you can.  And get a low interest rate.  And pay no monthly mortgage insurance.  And negotiate for the seller to pay closing costs.  This sounds awesome; what’s the catch?

Your new home must be in a rural area.  Before you write this off, realize that Guthrie, some parts of Deer Creek, Yukon, Mustang, Piedmont, Jones, and Oklahoma City qualify as a rural area.  In fact, 90% of Oklahoma qualifies as rural.

How do I find out if a property or an area qualifies?  Just click here to visit the USDA property eligibility website.  Click on the Single Family housing link under the Property Eligibility section and either input the address or search through the map for eligible areas.

How do I know if I qualify?  Because there are many specific guidelines for this program, and because they change often. please call me at 405.249.5993 for a simple phone consultation.  We’ll talk about what you want, and I’ll let you if I can help you.

Can  buy a new home with this program?  Yes, I work with builders who build new homes in eligible areas for you and your family; please contact me to see the model homes.

Can I buy a home with this program and still get the tax credit?  Yes, as long as you buy before the credit expires.

Is the no monthly mortgage insurance a big deal?  If buying 3% more home for the same monthly payment with no down payment is important to you, then yes.

So please contact me at wilhelmkoenig@capital-mortgage.com or 405.249.5993 to buy a great home in a safe area with no down payment.

All I ask is that you invite me over when you have your big Oklahoma country breakfast.



Wilhelm Koenig
405.249.5993 (cell)

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