I know I have blogged about the opportunity in the past but I cannot believe more potential homeowners have not taken advantage of the Zero Down Mortgage program.  I have been closing USDA RECD home loans for over 12 years and they have always been zero money out of pocket, and no PMI.

The bulk of the clients I have helped have been in the Gardner, Edgerton, Springhill, Desoto, and Bonner Springs, Kansas Area.  This mortgage does have some income limits but they are very agressive.  For a family of 4 with 2 children under 18 the max income is 79,610 a year per household.  In addition you can get credit for Child Care paid.

What this means is that a home buyer would qualify for a 1923 a month house payment if they were at the maximum Income.  With an interest rate of 5.5% this would purchase a 265,000 home with Zero Down.

Do the math.  There is no better program with a low funding fee of 2% financed into the loan, Veterans don’t even have it as good. 

http://www.RonYarbrough.com