If a home is in certain areas it can be 100% eligible, this is called USDA loans ( mostly rural, but some other areas). In these loans no money is needed down. If a home doesnt qualify for this type of loan it may be purchased with a FHA loan which is %3.5 of the purchase price. The best way to find out if a home/ or area is USDA eligible is to contact a realtor and they can find out. Feel free to contact us anytime
No you do not- a USDA loan is 100% financing with 0% down. FHA is 3.5 % down and a conventional loan is 20% down.
Homes.com contains a wealth of information to help you learn more about real estate. As one of the nation's top online destinations for real estate listings, our database contains nearly four million homes for sale and rental homes. You can also search homes.com for new home construction, foreclosures, and homes for rent. Our real estate agent directory allows you to find Realtors from more than just one brokerage firm. So whether you are wondering what your home value is, looking for a real estate agent to help you buy or sell your home, or just looking to browse properties in your area, it's all right here.