Is #zerodown Really an Option?
As our market is currently in the busy season, I'm sure you too are seeing all the different advertising about "Nothing Down" or "Zero Down" or "100% Financing Available".
Is this really an option? Or a gimmick that advertisers play to get the phone to ring?
I can confirm that we have TWO well-known mortgage options in our market that provide 100% Financing:
- VA Loans: available to active and former military with proper paperwork (DD-214)
- Department of Agriculture's Rural Development Loans (Referred to as "Farm Loans" or RD): available for most homes purchased outside of the city limits of Baton Rouge. The RD Eligibility Map should be referenced to confirm.
There are a couple other options for little to zero down payment options:
- Various local banks offer in-house programs for their customers
- CAFA (Capital Area Finance Authority) offers a grant program which provides 3%, 4% or 5% assistance!
Our newest listing in Denham Springs is one of those properties eligible for RD financing, if you are! Check it out here:
23288 Conifer Drive, Denham SPrings, 70726 LA | Baton Rouge, LA Real Estate | Homes and Properties For Sale | Emerge Properties of LA
Located in the fabulous Arbor Walk this is the home you have been searching for! Convenien...
Now, as with every single loan available, every buyer must meet certain credit, income & debt-to-income ratios in order to qualify.
Click below so we can help you connect with a reputable local lender who has access to the right loans for you!