Program Highlights
- Zero Money Down
- 30yr fixed rate
- LOW monthly PMI insurance (about 80% less than FHA)
- No cash reserves required (money in the bank) *per approval of automated findings
- Single Family Homes
- No manufactured homes (Modular Homes are allowed)
- Condos and Townhouses/PUD are acceptable
- 580 minimum credit score
- Low, fixed government backed interest rates
- Flexible lending guidelines
- GREAT 1st time home buyer loan program!!!
- Properties in the USDA zone typically have lower property taxes
- Gift funds are allowed* (with some restrictions)