Posts Tagged USDA Rural Housing
Marc Savitt, president of the National Association Housing Professionals has this good advice on 100% financing programs that are available for not just first time home buyers.
Utah has several programs available like Utah Housing and USDA Rural Housing to VA loans. Some cities and counties also offer incentives for people to buy in their area to revitalize neighborhoods.
On Thursday Congress restored funding to the USDA Rural Housing program which has been on pause since May. This is great news for Utahans since much of Utah sans the Wasatch Front (Salt Lake County, Utah County, Weber County and Davis County) is considered “rural” and homes in rural areas are eligible for 100% financing. Areas such as Eagle Mountain and Stansbury Park are in these rural areas.
So if you are thinking of buying a home and are short on down payment funds, think USDA Rural Housing and have your Realtor show you homes in qualifying areas.
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