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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

Fort Orange Funding, LLC (NMLS# 67822)
Phone: 518-446-9629 | Fax: 518-446-9649
21 Everett Rd. Ext., Albany, New York 12205
Email: cdavid@fortorangefunding.com
Loans arranged through third parties
Registered Mortgage Broker with NYS Dept. of Financial Services