247 E. Washington St.
Suite 150
Athens, Georgia 30601
(706) 534-0385
A licensed residential specialist, Matt's expertise lies in residential and investment properties in and around Athens.
Posted on Sep 22, 2009 by Matt Thomas
Everyone knows there are good deals in real estate right now. But, who has the money, right? Well, if you’re considering a purchase in a rural area, you might not need as much money as you thought.
Buyers that are willing to live outside urban areas can still take advantage of 100% loans through government-backed programs, such as the USDA Rural Development program. Through this USDA loan, buyers can still borrow 100% of the purchase price, plus some closing costs can be financed as well. In a time where most lbanks are requiring 5-10% down on owner occupied properties, this is a really attractive option.
When combined with the government tax rebates, all-time low mortgage rates, and discount-pricing on homes, this financing option makes now a better time than ever to consider a purchase.
If you’re a homebuyer in general, now is a good time … if you’re a first-time buyer, now is a GREAT time!
Tagged: usda rural development, first time homebuyer, government rebate
A licensed commercial broker, Chris specializes in commercial real estate and investment opportunities.