Most people know that the days of easy money for investing in our home purchase are long gone but you may not have heard about this recent development.

The United States Department of Agriculture (USDA) Guaranteed Rural Development loans now offer 100% financing with no monthly private mortgage insurance. Can you believe what you just read? That’s right, NO monthly PMI. Like any program there will be some geographic limitations but you or someone you know may be able to qualify. Now you just might be able to avoid making that private mortgage insurance (PMI) for what most of us is our biggest investment.

There have been income restrictions based upon how many were living in the home but as of April 20 these have been loosened. So, there may be many more that will now qualify and be able to afford investing in homes with higher value.

You may be thinking, well, that sounds great but not everyone wants to be stuck out in the middle of where the deer and the antelope play. Well, “rural” doesn’t necessarily mean your going to have to start raising chickens and milking cows to qualify for this. In fact, you just might find yourself pleasantly surprised to find out just how many neighborhoods qualify for this. Click the link to check and see if you can qualify under this program.

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property@11

Finally, don’t forget about the $8,000 tax credit.