- 0% down
- Seller can pay all closing costs and pre-paids
- Program includes income limits
- Low mortgage insurance that decreases every year
- Home must be in a Rural Development eligible area
This program, administered through the U.S. Department of Agriculture, features 102% financing for qualified, moderate-income families looking to purchase single-family homes. For borrowers with little or no cash, it’s ideal since no down payment and no funds are needed for closing.