No Money Down Rural Development Financing in Pineville Louisiana

By
Real Estate Agent with Keller Williams Realty Cenla Partners
http://actvra.in/gFR

No Money Down Rural Development Financing in Pineville Louisiana

One of the more popular forms of financing in Rapides Parish is the USDA ( United States Department of Agriculture) Rural Development Loan. This program allows the borrow to completely finance all closing costs which allows for true 100% No Money Down Financing. No Money Down Rural Development Financing in Pineville Louisiana is especially popular. In our area Pineville can be a very broad term because this does not generally mean in the city limits.

Brick HouseA basic rule for No Money Down Rural Development financing in Pinveille Louisiana is that the property must be outside city limits. Now this does not necessarily mean 20 miles out of town. Great properties can be found near to the city or out in quiet country settings.

 



Basic Rules of Thumb for No Money Down Rural Development Financing

  • Property must be outside of actual city limits.
  • The home must be in good condition.
  • Pools are normally not allowed without a waiver.
  • The Buyer's income must be under $75,000 per year. This amount includes both spouses.
  • The onsite sewage system must be operational and inspected by The State of Louisiana.

 

 Currently there are 32 homes that qualify for No Money Down Rural DevelopmentGraph Chart for Homes Financing in Pineville Louisiana.

  • Price Ranges- $69,500 to $279,500
  • Sizes- 3 Bedrooms 1 Bath to 5 Bedrooms 4 Baths

 

 

 

 

 

 

 

 

 

 

 

 

There are many wonderful properties that qualify for No Money Down Rural Development Financing outside of Alexandria, LA also.

Call today for a complete list at 318-880-1270. These properties move quickly due to the amount of purchasers in our area using this type of financing. Don't miss your dream home.

Posted by

David Beckham 318-880-1270

Your Louisiana Real Estate Connection

 

 

 

 

 

COPYRIGHT 2013 David Beckham

 

 

David Beckham is Licensed by the Louisiana Real Estate Commission. KELLER WILLIAMS REALTY CENLA PARTNERS 3600 Jackson St Suite 123 Alexandria LA 71303 USA. Each Keller Williams Realty Office is Independently Owned and Operated Office 318-619-7796

 

 

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Topic:
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Comments 11 New Comment

Rainmaker
563,774
Kathy Sheehan
Movement Mortgage 770-634-4021

I think this is a terrific program especially for first time home buyers.  Great information.

August 13, 2011 11:59 PM
Rainmaker
241,146
Julie Baldino
Opening Doors to New Chapters...
Front Door Realty

I love this program... just wish they could get closed quicker!

August 14, 2011 12:38 AM
Rainmaker
156,802
George Bennett
Inactive Principal Broker, GRI
Inactive

Informative post about a great program. Thanks for posting.

August 14, 2011 02:22 AM
Rainer
84,025
Angelina Clarke-Kares
www.KaresandKompany.com
Kares & Kompany Image Design Agency

We have that here in Tampa too!  Our probelm is that the program runs out of $$$$ too quickly!  It is a GREAT program, and helps a lot of people :)

August 14, 2011 06:52 AM
Rainer
98,250
Karen Poss
Realtor - 256-366-6292 - Search Florence Al Homes For Sale
Coldwell Banker Pinnacle Properties, Florence Alabama

Great program and great idea for a post.  Congrats on the feature!  I love RD but agree with Julie...wish they could close quicker. 

August 14, 2011 11:26 AM
Rainmaker
107,776

David Beckham

Your Louisiana Real Estate Connection
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