As of October 1, the only affordable zero-down loan program available (other than VA loans, for which only veterans qualify). USDA loans are filling the void created by the elimination of FHA seller-funded DPA (down-payment assistance) and no-down- payment conventional loans. However, a USDA loan is geographically restrictive, and inside Austin's city limits does not qualify. Although, Leander, Hutto, Kyle, Buda, and Wimberley do qualify; and borrowers who have little or no down payment are refocusing their searches in these areas.
If you would like a list of properties that do qualify for this loan please let me know before this program ends too.....
Saturday, February 7, 2009
Subscribe to:
Posts (Atom)
