BEST ANSWER
Hey Kenny,
There are two different types of USDA loans there is a guarantee and a non guarantee. Depending on your income and assets you may be provided a subsidy that would help lower your monthly payments and allow you to purchase up to 244k with 100% financing and closing costs paid for by the seller. If you have any further questions let me know I can also put you in direct contact with the representative I know there who can streamline this process for you.
Thanks,
Justin Bosak
The Ocean's Six Group
732-644-6217
justin.bosak@osmls.com
View our properties at http://www.OSMLS.com
Thu Oct 8 2009, 07:36