Section 502 May Return with Zero Down Payment Mortgages, 3.5% Guarantee Fee

The National Association of Realtors (NAR) announced Wednesday that legislation for the Section 502 single-family rural housing program under the Department of Agriculture is headed to President Obama's desk to be signed back into law.

The program allows 30-year originations primarily for low-income families to purchase households or renovate the ones they already own with no down payment at the time of application. Loans are guaranteed by the federal government.

Read More: http://bit.ly/cpbsNQ

Advertise With Us

Advertise With Us
Apply to be the Exclusive Foreclosure Expert in your Region... Learn More!

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App

5 Most Expensive Mistakes (subpage sidebar)

Top 5 Mistakes

Follow Us

Facebook Icon Youtube Icon Twitter Icon Mimian Icon
AddThis Social Bookmark Button
Website Security Test