The last I have heard was USDA may still be giving loans up 100%. Give me a call at 920-993-4032 and I can set you up with a few people to call.

Need2know

The Credit Score should be okay. The unofficial "cut-off" for many loans is 620. Last week I talked with a representative from USDA Rural who said they had gotten people approved at 581.

Borrowers may pay higher interest rates and higher fees as the score goes down.

Also, remember that the Scores you receive may not be the same as what the Mortgage Lender sees. Different Scoring Models from FICO, etc.

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Here are some good Links about Credit, including the Free Annual Credit Report Link:


https://www.annualcreditreport.com/cra/index.jsp

http://articles.moneycentral.msn.com/Banking/YourCreditRatin…

http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx

http://www.myfico.com/CreditEducation/ImproveYourScore.aspx

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Best wishes,
Fred
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Best of luck Need2know.... Become as informed as you can and most importantly enjoy your new home.

Fred is always helpful, I just got lucky......

Dunes

Thank you. These two answers help a lot!

Need2know,

If you would like info on the programs Fred mentioned and all the other current Fed loan programs available you may check this out you can get specific information, compare options, or take a short questionnaire to determine your eligibility for each program.
http://www.govloans.gov/govloans_en.portal?_nfls=false&_…

Good luck, Dunes

Some 100% No Money Down Loans that you may qualify for:

USDA Rural Loan

VA Guaranteed Loan

Seller Financing



Best wishes,
Fred