Are you getting ready to buy a home and get a place of your own in 2019? It’s natural to start considering your mortgage options now.
If you’re looking for a home and can afford the monthly payment, but you have limited savings built up, it’s extremely helpful to find a loan that requires no down payment. Many people are familiar with the fact that this is offered by VA loans, but there’s another loan option that offers this benefit without you having to be in service or a veteran.
The USDA loan offers the option to get into a home without a down payment. In addition, the costs associated with a USDA loan are often cheaper than an FHA loan for the same loan amount.