From A Renter To An Owner: Are You Ready To Make The Transition?
If you’re currently renting an apartment or even a home, then you are aware of the steep costs associated with renting. Now obviously all of us would prefer to own homes, but one of the biggest road blocks is the down payment. For most of us it’s difficult to know when you’re in a suitable situation to take on such an expense. Being a renter means that you have to cope with bills that are not contributing to ownership in any way, shape or form. Living in a place you call yours allows you to lock in expenses related to housing and set yourself up for a comfortable future over time. However,the big question is, how do you get it done?
What options do you have?
MOVE INTO YOUR NEW HOME WITH A USDA LOAN.
USDA Home Loans are one of the last $0 money down options available to homebuyers. Through the USDA Loan homebuyers have access to low rates, leniently eligibility requirements and 100% financing - due to the loan being guaranteed by the United States Department of Agriculture.
The USDA Loan is also known as the USDA Rural Development Guaranteed Housing Loan, or Section 502 Loan, due to the focus on rural homebuyers and many suburban homebuyers. Although the program is guaranteed by the USDA, the guaranteed loan is not funded by the USDA. Private USDA approved lenders, like the specialists at USDALoans.com, fund these home loans.
USDA mortgages stand alone as the only zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a home loan program that offers more favorable terms.
- NO money down
- Low interest rates
- 30 year fixed rates
- Government guaranteed
- You have the ability to roll in your closing costs into the loan
- Flexible credit guidelines