Oct 18, 2011
Zero down loans do still exist, that’s right, they do! To get a zero down loan, you must use a loan program offered by USDA, the U.S. Department of Agriculture! Most loan officers or banks can help with figuring this out, but if you have any questions, please contact us and we can put you in touch with some lenders that specialize in this no money down loan program and get you on the path to home ownership today!
What it Takes to Get a Zero Down Loan
Well, honestly, there are some income limitations as well as location limitations. You see, the Department of Agriculture (USDA) wants to allow people who live in more rural areas to be able to own a home at an affordable price. Many people in rural areas need something that allows for no money down and reasonable monthly payments. This program was created in order to help make this happen. Depending on the number of people in your family, the income level fluctuates, so it all depends on your situation. You can find a list of income levels at the following link: Income levels for Zero Down Loan
Where Does a Zero Down Loan Apply?
When you hear about rural areas, you tend to think of a farm out in the middle of nowhere. That’s not the case for USDA. You can actually get these no money down loans just outside of Austin! Cities like Leander, Pflugerville, Manor, Kyle, etc all qualify for zero down loan programs. We can help you specifically find what areas apply and let you know some of the homes and builders in that area. You can also go to the following link and type in an address to determine eligibility. Address Eligibility for Zero Down Loan
What Type of Home You can Buy with Zero Down
Wondering what type of homes you can buy with this zero down loan program from USDA? Well, there are plenty of nice homes that are eligible, but you can also get brand new homes from builders like, KB Homes, Buffington Homes, DR Horton Homes, Lennar Homes, Centex Homes and more. That’s right! You can buy a brand new home directly from the builder with our help, and you can pay no money down! In many cases, you can buy a home with less money down that you would pay to rent an apartment or house! Zero down, and you get to pick your own home!
How YOU can get Started on Buying Your Home with a Zero Down Loan
Call us at 512.366.3270 and tell us, “I want to buy a home with NO MONEY DOWN!” We will get you on the right track in no time. Don’t want to call us? Google “Best Austin Home Search” and click on the first page for the www.NeuhausRE.com link. Contact us through the website and we will get back to you ASAP!
About Stephen Smith
I grew up in Georgetown, TX, just a stones throw away from Austin. I moved to Austin to attend UT and entered the real estate world as an intern in Horseshoe Bay in 2003. As I was performing different tasks around the office and for the agents, I quickly realized that I wanted to be an agent. Within a year of becoming licensed, I was managing the office, updating agents on the happenings in the real estate world and listing and selling homes! In 2006 I decided to buy a condo and move back to the great city of Austin where I was to continue working in real estate. Having worked for several top 25 companies in the area, I learned from many talented agents and decided it was time to get my Broker’s license and start my own company. As fortune may have it, I was college friends with Ed’s wife and we realized that we were very good at different parts of this business and that we complimented each other nicely. From this, a partnership was born. My goal is to bring honesty and logic to my clients during their home buying and selling process! When I am not helping a client or looking for smart, ethical agents to join our team, I enjoy serving the Austin Board of Realtors, being on the lake and networking! Most of the time, I like to combine at least 2 out of the previous 3!
