100% FINANCING USDA LOANS :
100% FINANCING USDA LOANS USDA Home Mortgage in Louisiana - USDA RURAL DEVELOPMENT
USDA MORTGAGE LOAN LOUISIANA - Changes Make "Rural" Homes More Accessible
Zero-down loan programs are few and far between these days, but one that remains available might be of interest to you –especially given some changes that make it more accessible.
•100% financing based on appraised value(loan amount may exceed appraised value by 2% Guarantee fee, divide appraised value by .98)
•30-year fixed
•Ability to Refinance your Louisiana USDA Home Loan - Rate reduction only - no cash back - Reduced Guarantee Fee, Only existing GRH and Section 502 Direct loans are eligible for refinance -Streamline Process
•USDA HOME LOAN No monthly mortgage insurance. One-time guarantee fee
•No payment reserve requirements
•No downpayment
•No First-time homebuyer requirement
•No maximum. If greater than 6%, comment from the appraiser required
•100% gifting permitted. Donor must be disinterested third party.
Louisiana USDA Rural Loan Program
Zero down payment with NO PMI or mortgage insurance. You must purchase home in eligible county and there are maximum income limits.