In times like this, we understand that when you hear a phrase like “100% Financing” or “No Money Down” you may think it is not for you, or that may not be the whole story, or that this might even be a scam. That is why we are working so hard to get you the right information about Rural Development Loans in Arkansas from the USDA.
Rural Development loans have the power of the U. S. Department of Agriculture backing them and are making home buying easy and affordable for many Arkansans. These USDA loans were designed to help build the nation’s rural areas, but surprisingly many of these areas are just outside of metropolitan zones. In Northwest Arkansas there are many areas that will soon be closed but right now they still qualify. These include areas in Rogers, Bella Vista, Centerton, Lowell, Cave Springs, Little Flock and Siloam Springs. A source at the USDA has indicated that as of March 27th these areas will no longer be eligible.
A Rural Development loan actually allows homebuyers in many areas of Arkansas to receive up to 103.5% financing of the appraised value – not the sales price - with no money down and no mortgage insurance required! This is an amazing 100% program with a short window of opportunity. In fact, if you are interested you should act now to find out more.
Some of the benefits of a rural development loan include:
Have you been trying to save money for a down payment? Over 50% of our clients using this program purchase a home with less than $300 of their own money. In many cases, they get into their home with no money at all!
We currently have new construction homes in Rogers that are eligible for these loans in Dixieland Crossing and homes for sale in other areas of Benton County. Call Gavin Edwards with Synergy Realty Group, LLC today at 479-464-9999.