First-time buyers can become homeowners without a down payment by living outside of major cities.
This is possible thanks to the USDA Rural Home Loan Program, which offers support to those who generally cannot get a mortgage due to their low income.
The loans are guaranteed by the rural development program of the Ministry of Agriculture and do not require a down payment.
There are income limits for securing a home loan guarantee, which vary depending on where you live and the size of the household.
To find the limit for the county where you live, check the USDA website.
There is no loan limit, but keep in mind that the amount you can borrow is limited by your income and your household debt ratio.
To apply for a USDA secured loan, you must speak to a participating lender.
Below, we’ve rounded up homes listed on Zillow below $ 100,000 and located in eligible rural areas, per the USDA Eligibility Tool.
Just be aware that some will need a little love before moving in and the cost of renovations will increase your spending.
If you prefer to get a larger mortgage, you can provide the address of the home you want to buy to see if you qualify for home loans.
Aberdeen, CA – $ 29,000
The cheapest house is $ 29,000 and it’s located in California – perfect if you’re looking for pleasant temperatures all year round.
The house is a one bedroom, one bathroom house and has an additional room which is used as a bedroom converted into an enclosed patio.
A leather sofa and two leather rocking armchairs, a dining table and chairs, a washer and a dryer are included in the sale of the mobile home.
Glendive, Montana – $ 49,900
For almost $ 20,000 more at $ 49,900, you can get a one bedroom, one bath home located in Glendive, MT.
The main level of the house also has the living room, and another can be used as a pantry or dining room.
Additionally, there is a basement which is said to be “unfinished”, but it houses utilities and provides a storage area.
The house was built in 1910 and the land measures 2,613 square feet.
Tollesboro, Kentucky – $ 49,900
For the same price, you can get a single family home in Tollesboro, Kentucky.
It is located just off the AA freeway in downtown Tollesboro and would also have easy access to US 68.
Distributed over two floors, the property comprises three bedrooms and two bathrooms.
It is also said that there is a walk-in closet.
Saint Johns, Arizona – $ 69,000
For $ 69,000 you can get an Arizona home with a huge backyard.
The property has two bedrooms and two bathrooms – perfect for small families.
It does, however, need a little love and updating to make it the perfect starting home.
The property is listed as a foreclosure on Zillow which means it has been repossessed and put up for sale.
Wilmington, Vermont – $ 89,000
If you really want to get away from the hustle and bustle, you can buy your own $ 89,000 cabin near Green Mountain National Forest, Vermont.
The property has an open layout with a log burner to keep things cozy.
Integrated stairs lead to a mezzanine with window. Outside there is a spacious wraparound deck.
Better yet, a solar generator and solar panels provide lighting for the house.
Welches, Oregon – $ 99,500
Finally, you can own a mobile home for $ 99,500 in Oregon.
It includes a laundry room, a dressing room, three bedrooms and two bathrooms.
It is also said to be located a short walk from Dollar General, Subway, and Zig Zag Inn.
You might also be happy to hear that the existing washer and dryer are included in the sale.
We also rounded up six family size homes under $ 50,000 where first-time buyers only need a down payment of $ 1,750.
Earlier this year, a super saver revealed how she bought her first home at age 23 with low income and an average credit score.
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