castle rock homes sedalia real estate douglas county co homes sellers guide
Castle Rock property
Larkspur Homes
Parker colorado homes
co mortgage information
buyer guides

Government Backed Zero Downpayment Loans

Return to the Real Estate Library

The RHS (Rural Housing Service) "Guaranteed Loan Program" is an agency that is part of the USDA. The RHS offers several programs. Some of the programs that are designed for lower income borrowers are administered directly by the regional offices of the Rural Housing Service.

The RHS is known to some in the business by the old name which is "Farmer's Home Administration" (FMHA)

The RHS has a program known as The Section #502 program. This program is directed at moderate income borrowers and is administered like no other loan program in America.

The #502 program allows 100% financing and in some cases, even allows loans for more than 100% of the purchase price where the appraisal is higher than the sale price and the extra loan proceeds are applied toward closing costs.

The income limits in the #502 program are based on 115% of median income in the MSA or Metropolitan Statistical Area in which the home is located.


Queue Real Estate
P.O. Box 193
Sedalia, Colorado 80135

303-663-9990 Office
303-618-8575   Direct
866-713-4123   Fax
 


real estate web design - realtor web sites by imcd
copyright © 2012 , all rights reserved
relocation
Property Search         Buyers         Sellers         Investors         Blog         Community         Finance         Company         Contact         Home
littleton co homes
ranches
home Contact Us Colorado property listing search