If you’re buying a home in a rural community, you could qualify for a no-money down financing program through the Rural Housing Service (RHS), an agency of the U.S. Department of Agriculture (USDA). USDA loans offer flexible downpayment funding options, making home ownership affordable for many rural dwellers.
Qualified borrowers may be able to finance up to 100% of the purchase price with no downpayment required on certain loan products.
A USDA loan is available as a fixed rate loan so the payments stay the same throughout the life of the loan.
Pay off the loan in full whenever you’re ready, or make bigger monthly payments to pay down the balance sooner without incurring any fees or penalties.
Sunrise Mortgage Group provides you with the tools you need to make the right borrowing decisions. These calculators may borrowers in determining different values in the loan process. Try to ensure the information you enter is as accurate as possible.
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