Service persons and veterans can qualify for a VA Loan that requires no down payment. VA Loans are guaranteed by the U.S. Department of Veterans Affairs. In addition to no down payment, these loans usually offer a competitive fixed interest rate and limited closing costs. While the VA does not issue the loans, it does issue a certificate of eligibility required to apply for a VA loan.
USDA Loan
The USDA also does more than just certify beef. They sponser a little-known Rural Housing Loan Program. If you or the property you have been eying qualify, you can get a government-insured mortgage for your home with no down payment, no mortgage insurance, and the sellers can even help you with your closing costs. Click here for more info regarding borrower and property requirements.
