USDA Required Down Payment

Posted by admin at 25th January, 2010

USDA Required Down Payment

In 2009 the USDA enacted changes that made millions of borrowers eligible for rural mortgage programs. Many home buyers dream of purchasing a home but don’t necessarily have the cash on hand to make the hefty 20% down payment required by a conventional home loan.

USDA loans stand alone as the only zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a loan program that offers more favorable terms.