If you have followed any of my blogs, you will know that I am a big fan of No Money Down home loans. I realize that directly contradicts many of the “Talking Heads” on TV and radio that say that home ownership is out of reach for many families due to the required 20% down payments, but that’s OK. I work with buyers on nearly a daily basis who buy homes with no down payment and I don’t mind showing how I do it.
By using the USDA Rural Development loan program, as well as the VA loan program, I have been able to finance my buyers with little money out of pocket for closing and other costs. This is the benefit of having a knowledgeable USDA Lender working with a savvy real estate agent.
To show you how powerful this program is, my last client purchased a very nice new home for $164,900 with only $319.08 out of pocket. This includes ALL lender fees, closing costs, start-up costs to escrow funds for property taxes and insurance, 12 months worth of prepaid insurance, appraisal, etc. EVERYTHING!!!
While not every buyer will qualify to a No Money Down loan, there are a large number properties in the State of Indiana that will qualify and many first-time and next-time home buyers who will be able to take advantage of the programs that we offer.
To find out more, call me at 219-695-0369 or email scott@nwiloanguy.com. You may also visit my website at www.IndianaZeroDownHomes.com.
Scott
Your Indiana mortgage expert specializing in FHA, VA, and USDA Rural Development loans.
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