“You Don’t Need a Down Payment”
After I spoke to the client and explained that a down payment was not needed if a home was purchased in the rural area she wanted to own. She qualified easily for a USDA loan.
She asked me why no one else had mentioned this loan to her as she had spoken to a number of real estate agents over the last couple of years.
I wish I knew the answer to the question, but we do this loan whenever possible as there is no down payment required and rates are great.
I don't really have any money to put down. I will have 10K after my income tax comes in, but that's about it. Thanks for always letting me pick your brain!
Image courtesy of ponsulak/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.