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The Little-known Mortgage That Doesn’t Require a Down Payment

A conventional mortgage loan requires a 20% down payment. If you are a first-time homebuyer however, saving up tens of thousands of dollars can seem like an impossible task. Of course, there are loan programs, like FHA mortgages, that allow for low down payments, but they often have stricter requirements. For some of those programs, you may have to pay higher interest rates, have better credit scores, or pay higher mortgage insurance fees.  Fortunately, there is a little-known mortgage loan that requires no down payment and minimal fees: the USDA loan. USDA Loan Defined These are mo...

September 9th, 2020 | Government Loans, USDA Loans, The Little-known Mortgage That Doesn’t Require a Down Payment

Sophia Larger

Mortgage Loan Originator
Phone: 559-579-6776
Fax: 559-344-3006
NMLS: 296287

Kings Mortgage Services Inc.

935 G Street
Reedley, California 93654

Kings Mortgage Services Inc. is Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act - NMLS 264441.