No Money For A Down Payment ? No Problem try an Idaho USDA Rural Development Home Loan

Posted by Andy Radke
October 28, 2009

No money for a down payment ? No problem, try an Idaho USDA Rural Development Home Loan. If you are in the market for a home and you need 100% financing the Idaho USDA Rural Development home loan might be right for you.

One of the great things about USDA Rural Development loans is you can get 100% financing for the purchase of your home. There are borrower income limits and properties in certain areas are not eligible. If you are curious as to whether or not a property you are interested in would qualify for a USDA Rural Development loan you can click on this USDA Rural Development property link and type in the property address.

The USDA Rural Development loan is a true 100% financing without mortgage insurance. Mortgage insurance also known as private mortgage insurance (PMI) is setup to offset losses in the case where a borrower is not able to repay the loan and the lender is not able to recover its costs after foreclosure and sale of the mortgaged property. The nice thing about not having to pay mortgage insurance every month can lower your monthly payment significantly.

If you or anyone you know is interested in or would benefit from an Idaho USDA Rural Development loan give me a call and I would be happy to go over the details of the program with you.

Andy Radke
Mortgage West
Mortgage Consultant
Direct: 208-859-5825
Loanswithandy@gmail.com

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