100% financing is available in San Luis Obispo (SLO) County through the United States Department of Agriculture (USDA) Rural Development Program. No cash down loan!
USDA Rural Development Loan Program provides a path to homeownership for low income families living in rural areas, and families who truly have nor other way to make affordable homeownership a reality. Providing these affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.
SLO county meets the USDA's criteria for a rural area based upon it's sparse population.
If you make under $100K per year, want to purchase a home in SLO county, have a good credit history, you may be eligible for USDA 100% financing with no down payment & no monthly mortgage insurance payment. Just qualify for the monthly mortgage payment.
For more information on USDA 100% financing contact George@FreitasRealEstate.com