Have you ever heard of the USDA Rural Development loan? I never had either until I took a class on Wednesday. This is an incredible program! If the home that you are looking to buy is an eligible property then you can see if you qualify. You may be very suprised how high the income limits are.
Rural Housing Advantages:
1. Little or NO down payment or out of pocket costs
2. NO mortgage insurance
3. NOT limited to first time home buyers
4. Fixed rate loan
5. Up to 6% seller concessions allowed
6. Max loan amount $417K
Interestd in finding out more info check out this web site.
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?NavKey=home@1
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