Looking for a USDA loan with zero down payment, anyone specialize in this type of loan?

There are many lenders who specialize in this type of loan, but you should be reaching out to a local mortgage broker.. USDA does offer zero down and they will also finance their upfront MI/funding fee.. however you do need to get your closing costs paid for.. that can typically run 2% to 5% of your loan amount. There are many ways to pay for your costs.. you can bring cash in to close, you can ask the seller to pay them, your lender can charge you a slightly higher interest rate and pay the costs for you, you can ask your realtor to contribute, or any combination of all of the above, but costs do need to be paid for, so keep this in mind when you start shopping.. If you select the "Community" tab upper right hand corner of this page, then select "Find a Lender", type in your zip code and you should get a list of lenders in your area that you can reach out to.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Hey, my mom lives in North Dakota, anyways. I would call a local mortgage banker or broker for the USDA loans.

Hi Glenn;As already discussed USDA allows for zero down-payment. You then have to consider the closing costs involved in closing your loan. USDA also has income restrictions. The property also has to be USDA eligible. For more information e-mail at pete.bass@everbank.com

I do a lot of USDA loans... But only licensed in MN, WI, and South Dakota.www.JoeMetzler.com/usda