Are you among those people who are thinking of getting your own house and this vast city of United States of America? If you are a first buyer and don’t have enough money to spend on your dream house then you are at right place. Our website will show you how to buy a house in USA with no money down payment.
Getting your own house is a big thing. And that to getting your house in USA is very hard, due to high mortgage payments and down payments. If you are a new buyer or want to buy your first house in USA then the sellers will charge you insanely high amount of down payments and high loan rates.
In order to overcome this the Agriculture Department of United States has started a zero-down payment mortgage program that will help up come and fasten the rates of development in rural areas of USA and reduce down payments costs. This program has been made for family having income between low to moderate. And the most fascinating thing of this MIP (Mortgagee Income Premium) is interest rates are much lower than any other program in the country
This initiation will help you buy a house in USA with no money down. The MIP of USDA loan is just 0.35% which is much more less as compared to MIP of other Federal Housing Administration (FDA) which is approximately 0.85%. This mortgagee is added to your monthly payment. So, you don’t have to worry about giving additional money or do extra paperwork for it.
So, if you want to buying a house with no money down payment then this program is perfectly suited for you. It helps you get your dream house at much less loan interest rates and Helps you own property in USA without getting trapped in greedy policies of FDA