USDA 100% housing financing in Knightdale NC.

When it comes to loans you have several. You have fixed an adjustable. Fha an Conventional. But their is one that is sometime forgotten about. I'm talking about the USDA 100% financing loan. It is used for rural communities outside of the big cities. This loan is based on a few factors. The property has to be in an eligible area an the clients has to qualify. Knightdale an other towns surrounding Raleigh have eligable areas. The homes can be financed 100%. Meaning that the 3.5% downpayment on an FHA loan or the 10-20% downpayment on a conventional loan can be avoided simply by checking out the rural areas (Just outside the City less than 5 miles). Its a great tool for that first time home buyer, or anyone who qualifies. www.jamesfordhomefinder.com has a link to the USDA site an video info about this loan. You may also want to see it your home or one you may want to purchase is in an eligiable area.