No money down program ! IF you are looking to move outside of the City of Houston!

It is called the USDA (Rural Housing) loan program
Please check out this website
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction
to see if the home or area you are interested in is eligible.

Also, you can check to see if qualify for the No Down Payment Program on the site.
*Borrower must meet income requirements
*100% financing program plus Guarantee Fee
*Can borrow up to the appraised value if it is higher than the sales price for closing cost and prepaids
*Minimum FICO score of 620 with some exceptions
*Cannot currently own any other real estate
*DO NOT HAVE to be a 1st time home buyer!!!!!

USDA Income Limits
*Brazoria County
1-4 Person $82,100
5-8 Person $108,350
*Houston,Baytown,Sugar Land, etc..
*1-4 Person $73,600
*5-8 Person $97,150

 Lots of new home builders have open arms with this program!

  • May 30 2011 - South Belt - Ellington
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Answers (5)

Profile picture for B Mike West
This program is also available in most rural areas.  In the Sacramento area most of El Dorado and Placer counties qualify--including El Dorado Hills!
  • May 30 2011
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Hopefully it will be a good summer!
  • May 30 2011
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Profile picture for SteadyState
Hopefully the low or no money program will not cause a another major depression like 2008. Gee what will agents do for commissions? Anything - including generating new homeless people!
  • May 31 2011
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Apartment locating! Having a plan B. I was thinking of going through State Farms 9 month intership paid to be able to offer insurance to my clients and others as well including auto...??..
  • June 01 2011
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Meant " internship" darn iPhone..
  • June 01 2011
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