Yes, you read that right, the United States Department of Agriculture is offering government insured loans in "rural areas" with 100% financing, that you can obtain through a mortgage broker. A rural area is classified as an area with a population below a certain number based on the 2000 census. In the DFW area, those areas include Hickory Creek and Lake Dallas along with other small towns scattered across the metroplex. The home must be located in a town or city with between 10,000 to 25,000 residents or open country and places with a population of less than 10,000. There are loan limitations and income restrictions, but this is something definitely worth looking into! You may be surprised.
Contact us today for a referral to a lender that handles USDA loans. Click here to search for homes in Hickory Creek or homes in Lake Dallas.
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