Zero down payment with USDA loans
Guaranteed Rate Affinity can help you determine if the property you are interested in is USDA eligible.*
- 100% financing available**
- 30 year fixed rate mortgages
- Property eligibility and household income apply
*USDA loans must meet local USDA approval guidelines as they vary by state. Guaranteed Rate Affinity, LLC is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the U.S. Department of Housing and Urban Development, the U.S. Department of Veterans Affairs, the U.S. Department of Agriculture or any other government agency.
**Assumptions: *Sample monthly Principal and Interest (P&I) payment of $1,498 is based on a purchase price of $300,000, down payment of 0%, 30 year USDA mortgage and rate of 4.375/4.904% APR (annual percentage rate). Advertised rates and APR effective as of 04/09/2018 and are subject to change. Above scenario assumes a first lien position, 740 FICO score, 55 day rate lock, based on a single family home in Illinois and are subject to change without notice. Subject to underwriting guidelines and applicant’s credit profile. Sample payment does not include taxes, insurance or assessments. Private Mortgage Insurance (PMI) will be required for all FHA loans as well as conven- tional loans where the LTV is greater than 80%. Actual payment obligation will be greater. Not all applicants will be approved. Applicant’s interest rate will depend upon the specific characteristics of applicant’s loan transaction, credit profile and other criteria. Contact Guaranteed Rate Affinity for more information and up to date rates. Applicant cannot own any other property at time of closing. Homebuyer education/counseling may be required.