If you and your family prefer a quieter, more rural lifestyle, you may qualify for special incentives in the form of Rural Development Loans. In Louisiana, rural areas offer these incentives as a means of advancing economic growth in the unincorporated parish, and that can mean big savings for you.
Rural Housing Development Loans, sometimes simply referred to as Rural Development Loans or USDA Loans are backed by the United States Department of Agriculture, and they are typically 0% down, 100% financed loans for which lower income and lower credit buyers can typically qualify.
According to themortgagereports.com, 97% of residents in the geographic U.S. qualify for a rural development loan. This is also a very good option for families who want the freedom of homeownership without hefty down payments. If you haven’t heard about this program, it’s because at less than 40 years old, it is one of the newer government programs to help home buyers, and has only recently been heavily marketed to potential buyers.
At InterTrust, you will never be treated as a number. As a truly local lender, we will look at you and your situation as a whole, and we will be able help connect the dots to find a plan that is right for you and your family. Our mortgage lender is standing by, and as always, we are happy to answer your questions. Call us today. Let’s make a plan.