“You Don’t Need a Down Payment”

“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!



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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

Email: joe@righttracfg.com



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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.

Comment balloon 19 commentsJoe Petrowsky • March 21 2016 03:00AM


I had never heard of the USDA loan either until you mentioned it in another post.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) about 3 years ago

This is a good story to share. Agents need to know about mortgage options and the needs of their clients.

Posted by Roy Kelley (Realty Group Referrals) about 3 years ago

Hi Joe.  Great to know the various options available to those looking for financing options.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 3 years ago

This is probably one that many are not aware of. Good for you Joe for knowing this is available...

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) about 3 years ago

Joe - I am sure the reason no one else mentioned this is because there are too few knowledgeable professionals like you out there.  Bad for them but good for you.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 3 years ago

Joe - This is a great option for some people and areas.  I suppose it would help if more realtors were familiar w/ this option.

Posted by Women of Westchester Working Together, Women helping Women get ahead (Women of Westchester Working Together) about 3 years ago

Good morning Joe Petrowsky,

This is exactly why all agents are not equal or can't be versed in all areas of housing. USDA loans for rural areas are awesome for buyers and if you don't work rural areas you might not know about this option. Joe you know all the mortgage options which is why a lender who knows his inventory can easily pluck the right option for each buyer and is such a great asset to any Realtor! Good job as always!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) about 3 years ago

Good morning Joe. I continue to be impressed and taken with your knowledge and understanding. Well done.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 3 years ago

 USDA can be a great solution for no down payment...in many places these

homes are hard to find.

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) about 3 years ago

Joe, we do not see USDA loans here.   After 20 years, have never had one.  Will need to call my lender and ask him about them.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) about 3 years ago

USDA has specific geographical and income requirements.  So where it works out it can be a great option.  That's the value of a good lender, who knows the specific requirments on a variety of programs from different sources.

Posted by Dan Rosenberger (Harvest Realty) about 3 years ago

80/20 rule showing itself again Joe.  80% of the people not doing the work that should be done.  Kudos to you for gaining the loyalty of yet another satisfied home owner.  Mark

Posted by Mark Don McInnes, Sandpoint, North Idaho Real Estate - 208-255.6227 about 3 years ago

No USDA loans here, Joe. I first heard of them from an accountability partner who lived in rural New Mexico -- prior to that I thought USDA inspected and graded our meat

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 3 years ago

Hi Joe Petrowsky Before it was called USDA it was called the Farmers Home Administration. I guess this confused people.

I think ALL real estate loans for primary residences should be with ZERO DOWN.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) about 3 years ago

Joe ... Ditto was Lottie Kendall said ... I think of meat when I hear USDA ... and I don't do meat these days either. 

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) about 3 years ago

Joe, so nice to be the savior here on USDA loans and this client is extremely happy for having found & worked with you.

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) about 3 years ago


How nice for all of us to have you as a great resource on Active Rain.  I learn something new every time I read on of your posts.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) about 3 years ago

Joe a lot of the Realtors who have been around for a few years still think of USDA as the loan program that runs out of money and stay away from it.  BUT that is not the case any more.  For the last few years USDA has been well funded and a loan program worth doing.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 3 years ago

Joe, I love it when a mortgage loan officer can help people get a loan who would not qualify for the conventional type of loan.

Posted by Sybil Campbell, REALTOR® ABR, SFR, SRES Williamsburg, Virginia (Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia) about 3 years ago