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Since a rural development mortgage funds 100-percent of the appraised value of a home, a buyer doesn't have to have a down payment. Sounds pretty simple. There are several life-changing factors that could come with a mortgage loan like this. Think about what a zero-down payment mortgage would do for you!
We can't look at every positive effect this would have on you. However, we came up with list of 7! A rural development mortgage will change your world because it will:
Other mortgage loan programs can help get you into your first home. You can compare FHA to rural development with a fact-sheet at the button below.
(hay bales: Flickr user Dan Moyle)
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