Yes, you read that right, you can buy a house with 0% down payment and not necessary you need to be a veteran to be able to have this option.

The USDA loan is a program offered by the United States Department of Agriculture where buyers are offered a mortgage loan to buy properties in rural and suburban areas. There is a map where you can check if the property you are looking to buy is in the eligibility area for a USDA map:

https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp

Regarding the requirements, the applicant should have a 640+ credit score and also be within the income limits, the annual house hold income limit varies by State and County. Household income cannot exceed 115% of the median household income in the County. You can check if your household income can qualify in the following link:

https://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state

Despite dealing with a government program will require a bit more time and paperwork, the benefits of buying a house with a 0% down payment definitely worth it.

Remember: You will still need to use your savings to cover closing costs, inspections, appraisal and other financial costs attached to the mortgage itself.

If you would like to know more about buying a house with a USDA loan, call me, I will be happy to help you – 813 446 2003

Clarisa Moody

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