Register Login

Massachusetts Real Estate- Merrimack ValleyMassachusetts Real Estate- Merrimack Valley

Real Estate in Essex and Northern Middlesex Counties, Massachusetts

Exit Real Estate
978-360-0422
kevin@kevinvitali.com
  • Menu
  • Home
  • About
    • Testimonials
  • MA Real Estate and Homes for Sale
    • Advanced Home Search
    • Search Massachusetts Homes and Real Estate for Sale- Map Based Search
    • Featured Listings
    • Essex County Condominiums for Sale
    • Search Massachusetts Short Sales and Foreclosure
    • Middlesex County Real Estate for Sale – New to Market
    • Essex County Massachusetts Real Estate and Homes for Sale
  • Upcoming Open Houses
  • Short Sales
    • Options to Foreclosure
  • For Buyers
    • Buyers Agent- What Can I do for You?
    • Buy A Condo | A Guide to Buying A Condo In Massachusetts
    • Real Estate and Community Guides
  • For Sellers
    • How Much Is My House Worth?
  • Contact
  • Blog

No Money Down Loan Programs

Recently I have been involved in a few real estate transaction where the buyer’s were able to secure 100% percent financing on no money down loan programs.  While there are some caveats to securing a no money down loan, there are certainly available and it could be a good route to go for you.

Available No Money Down Loan Programs

The two No Money Down Loan Programs I am familiar with is USDA Loan and the VA Loan program.  If you are a home buyer and consider a low or no money down loan, discuss with your loan officer if a USDA or VA loan program might be eligible for you.  Both programs went very smoothly and can be a great tool for any home buyer if eligible.

USDA Loan-  No Money Down Loan Program

The USDA Loan is yes offered by the United States Department of Agriculture.  It is primarily a loan program for what is considered a “rural” area.  In the Greater Boston area this makes the USDA Loan program a little difficult.  But there are still communities in Essex County and Middlesex Counties where the loan would be available.  Communities such as Georgetown, Merrimac, West Newbury, Tyngsborough, Acton, Littleton, Westford as well as others would be available for the USDA Loan program.

Qualifying for a USDA No Money Down Loan is really not all that different than qualifying for any other loan programs.  The only two differences is one, the home you are purchasing is in what is deemed a rural area by the USDA and two, their are income limitations.  Otherwise you can use the USDA Loan to finance a single family home, multi family home or condominium.

VA Loans- No Money Down Loan Program

The VA No Money Down Loan program is available to any service member, veteran, or eligible surviving spouse.  VA Loans offer a 100% financing program and is far less restrictive than the USDA Loan program and is available for condominiums, single family and multi family homes.  If you are eligible their are many benefits to a VA Loan even if you are putting money down.

Maybe one of these No Money Down Programs won’t work for you, but there are still plenty of other low money down loan programs like FHA, Mass Housing, and even conventional financing that will allow you to put down as little as 3% of the purchase price.

If you are thinking of buying a home and are considering a low money down or no money down loan program, give me a call.  I will set you up with a lender that can help structure a program for you.  Call me at 978-360-0422

 

Tweet
Buffer4
Flip
Share
Share
Pin
Share
Share
Reddit
4 Shares

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search My Site for Content

Search for:

Find A New Home

Loading...

 

About Merrimack Valley MA Real Estate

Merrimack Valley MA Real Estate is a real estate website designed to help home buyers and home sellers with the purchase and sales of their home.

It is owned and run by Kevin Vitali.  Kevin is a Tewksbury MA REALTOR, based out of EXIT group One Real Estate.

You can use this site to find homes for sale anywhere in Massachusetts as well as find useful information on home buying, home selling mortgage, home improvement and more.  Kevin has written over 400 articles pertaining to real estate.

If you are thinking of buying or selling a home in Essex County or Northern Middlesex County Massachusetts, call kevin at 978-360-0422

Contact Me

Kevin Vitali

KEVIN VITALI


978-360-0422
kevin@kevinvitali.com
Kevin Vitali- Massachusetts REALTOR EXIT Realty Beatrice Associates
191 S. Main Street
Middleton, MA 01949 cell phone: (978) 360-0422 office phone: (781) 929-1010
© 2022 · Kevin Vitali · Tewksbury Real Estate

Agent Websites

Images Courtesy of: Massachusetts Office of Travel & Tourism, Bob_24798, michael kooiman, Diane (Beckwith) Zink, Jasperdo, C Hanchey, Doug Kerr, Paul L Dineen

Log in