Yes You Can Buy Still With ZERO Down & No PMI

Sometimes good credit and a down payment are not enough to qualify for a home loan at a commercial lending institution, such as a bank, savings and loan or with a mortgage broker. That is why the U.S. Department of Housing and Urban Development has provided a loan program that allows more rural families and individuals to be eligible to become homeowners with the help of a USDA guaranteed home loan. The USDA loan program allows
- 620 min credit score
- Up to 6% seller contributions
- No PMI (private mortgage insurance)
- Zero Down

However, the USDA-RD loan program has 2 main qualifying features:
(1) Eligibility is region or location specific CLICK HERE to check if an address is USDA Eligible.
(2) Eligibility is income specific. Qualifying income is based on household members and a max income cap. CLICK HERE to see if you qualify under the max income cap.

For more information on USDA qualifying criteria, please review this handout that I made that details the USDA program. USDA Handout For Home Buyers.

Dan Keller is an approved lending affiliate with USDA and was recognized in Seattle Magazine (December 2009) as one of Snohomish County’s Top USDA and FHA lenders. For more information on qualifying for a USDA home loan, or to speak with Dan Keller, go to www.mylenderdankeller.com where he has a 24 hour online chat room where you can contact Dan Keller directly.