No down payment for eligible applicants in designated rural areas
Allows seller contribution to closing costs
FOR BUYING IN DESIGNATED RURAL AREAS
This USDA-backed loan offers qualifying low-to-moderate income borrowers the option of no down payment when they buy in a designated rural area. This loan also offers flexible guidelines to eligible applicants.
Talk to your ESCO Mortgage Advisors, mortgage advisor, to clarify what qualifies as a condo and which loan program may best meet your needs.